NAPLES, Fla. – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has successfully arranged $91.4 million in construction financing for two high-end multifamily developments in Naples, Florida: Vintana at Vanderbilt and The Karlyn.

The financing was structured by Gary Sefcik, based in MMCC’s Manhattan office, who assembled a capital stack featuring $78.9 million in senior debt from Kayne Anderson and $12.5 million in mezzanine financing from SteepRock Capital. The funds were secured on behalf of the sponsor, Roers Companies, a developer known for its luxury residential projects across the United States.

The Vintana at Vanderbilt, a 150-unit apartment community, will be located at 3375 Vanderbilt Beach Road, adjacent to the prestigious Ritz-Carlton golf course and within minutes of Naples’ world-famous beaches. The Karlyn, a 159-unit active adult community for residents aged 55+, will rise at 7576 Immokalee Road, also offering easy access to the Gulf Coast shoreline.

Both developments are designed to meet the area’s growing demand for upscale living and are set for completion in 2027. Plans call for resort-style amenities, high-end finishes, fitness centers, outdoor leisure spaces, and community gathering areas.

“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.”

This deal underscores continued investor confidence in Florida’s multifamily sector, especially in luxury and active-adult segments. Naples’ desirability, bolstered by its high quality of life, strong job market, and limited supply of developable land, makes it an attractive location for long-term investment.

About Marcus & Millichap Capital Corporation

‍Marcus & Millichap Capital Corporation, a subsidiary of Marcus & Millichap (NYSE: MMI), is a full-service commercial real estate capital markets provider offering debt, mezzanine financing, preferred and joint venture equity, and other financing solutions. In 2024 alone, MMCC closed 1,249 transactions totaling $9.1 billion.

About Marcus & Millichap, Inc.

‍Founded in 1971, Marcus & Millichap is one of North America’s largest commercial real estate investment firms. In 2024, it completed 7,836 transactions with a combined volume of approximately $49.6 billion. With more than 1,700 investment sales and financing professionals across over 80 offices, the company provides advisory services to buyers, sellers, and investors nationwide.

The two Naples projects are expected to generate significant local economic impact, from hundreds of construction jobs during the build phase to long-term property management and hospitality positions once complete. Developers and city officials believe these projects will further position Naples as a hub for luxury coastal living while meeting the needs of both younger professionals and the growing retiree population.

Originally reported by Business Wire.