Marcus & Millichap Secures $91.4M for Naples Multifamily Projects

Marcus & Millichap Capital secured $91.4 million in financing for the construction of two multifamily assets in Naples, Florida. The projects include Vintana at Vanderbilt, a 150-unit apartment property, and The Karlyn, a 159-unit active adult community for residents aged 55 and older.

Marcus & Millichap Capital Corporation (MMCC) has arranged $91.4 million in financing for the construction of two multifamily assets in Naples, Florida. The projects, Vintana at Vanderbilt and The Karlyn, are expected to be completed in 2027 and will feature high-end finishes and resort-style amenities.

Vintana at Vanderbilt, a 150-unit apartment property, is located at 3375 Vanderbilt Beach Road, adjacent to the Ritz-Carlton golf course and near renowned Naples beaches. The Karlyn, a 159-unit active adult community for residents aged 55 and older, is situated at 7576 Immokalee Road, close to the Gulf Coast shoreline.

The financing package 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. Gary Sefcik, based in MMCC’s Manhattan office, secured the financing.

“The financing package demonstrates that lenders remain eager to aggressively pursue Florida multifamily projects when strong sponsorship is combined with a compelling submarket story,” said Sefcik. “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.”

Marcus & Millichap Capital Corporation is a subsidiary of Marcus & Millichap (NYSE:MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales, and consultative and due diligence services. In 2024, MMCC closed 1,249 transactions totaling $9.1 billion [2].

References:
[1] https://www.marcusmillichap.com/news-events/press/2025/08/marcus-millichap-capital-corporation-secures-$91m-in-construction-financing-for-two-multifamily-projects-in-southwest-florida
[2] https://www.morningstar.com/news/business-wire/20250811225846/marcus-millichap-capital-corporation-secures-91m-in-construction-financing-for-two-multifamily-projects-in-southwest-florida