Marcus & Millichap Capital Corporation (MMCC) arranged $91.4 million in financing for the construction of two multifamily assets in Naples, Florida: Vintana at Vanderbilt, a 150-unit apartment property, and The Karlyn, a 159-unit, active adult community for residents aged 55 and older.
Gary Sefcik, based in MMCC’s Manhattan office, secured the financing. The capital stack includes $78.9 million in senior debt provided by Kayne Anderson and $12.5 million in mezzanine financing from SteepRock Capital on behalf of the sponsor, Roers Companies.
Vintana at Vanderbilt, located at 3375 Vanderbilt Beach Road, is adjacent to the Ritz-Carlton golf course and within a short drive of renowned Naples beaches. The Karlyn, at 7576 Immokalee Road, is also near the Gulf Coast shoreline. Both projects are slated for completion in 2027 and will feature high-end finishes and resort-style amenities.
Sefcik added, “Ranked as the No. 1 place to live in the United States, Naples has high barriers to entry, stringent zoning regulations and limited availability of multifamily-zoned sites.”
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