Updated Jun 8, 2026
FINANCEDMultiFamily
Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $4,250,000 full-term, interest-only loan to refinance two multifamily properties totaling 36 units in Norwalk, CT
17 Ferris Avenue & 12 North Taylor Avenue
$4,250,000
Units
36
Asset Type
MultiFamily
Closing
May 26, 2026
About this deal
AI
Two multifamily properties, with a total of 36 units, are located at 17 Ferris Avenue & 12 North Taylor Avenue, Norwalk, CT 06854. The transaction involves a refinancing loan amount of $4,250,000. The financing is structured with a 5-year term, featuring fixed interest rates and full-term interest-only payments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Lender: Goldman Sachs
- Landlord: Brandon Yasgur
- Capital Market Advisors: Bryan Manz & Brandon Harris - Black Bear Capital Partners
- Loan Type: Refinance
- Loan Terms: 5-year term with fixed interest rate and full-term interest-only payments
This transaction involved notable individuals in the financial and advisory sectors. Brandon Harris, alongside Bryan Manz, served as Capital Market Advisors from Black Bear Capital Partners for the refinancing of the properties. Their expertise facilitated the financial structuring of this multifamily asset deal in the Connecticut market.
On the Map
$4,250,000
MultiFamily
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Players
Norwalk MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93