News Summary
Marcus & Millichap Capital Corporation has arranged $91.4 million in financing for two multifamily projects in Naples, Florida. The funding will support Vintana at Vanderbilt and The Karlyn, which are set to enhance the residential landscape in this highly desirable area. Both developments will include high-end finishes and resort-style amenities, catering to a diverse array of residents. This financing showcases the strong interest in Florida’s real estate market, particularly in Naples, which has been ranked as the top place to live in the U.S.
Marcus & Millichap Capital Corporation Drives $91.4 Million Financing for Multifamily Projects in Naples, Florida
Marcus & Millichap Capital Corporation (MMCC) has successfully arranged a substantial $91.4 million in financing for two significant multifamily construction projects in Naples, Florida. This financial backing is expected to facilitate the development of much-needed residential spaces in a city renowned for its desirable living conditions.
Overview of the Projects
The financing package will support the creation of two distinct multifamily residential developments:
- Vintana at Vanderbilt: A 150-unit apartment property located at 3375 Vanderbilt Beach Road, in close proximity to the prestigious Ritz-Carlton golf course and Naples’ famous beaches.
- The Karlyn: A 159-unit active adult community designed specifically for residents aged 55 and older, situated at 7576 Immokalee Road, near the serene Gulf Coast shoreline.
Both projects are scheduled to be completed by 2027, showcasing high-end finishes and equipped with resort-style amenities. These features are expected to appeal to a diverse array of potential residents.
Financing Breakdown
The substantial financing arrangement consists of $78.9 million in senior debt provided by Kayne Anderson, alongside $12.5 million in mezzanine financing from SteepRock Capital, on behalf of the project sponsor, Roers Companies. This mixed financing structure highlights the strength and appeal of these projects.
Market Insights and Investment Potential
The financing secured for these multifamily projects indicates a strong interest from lenders in investing in Florida’s real estate market. With Naples being ranked as the No. 1 place to live in the United States, investment in multifamily developments is particularly attractive. The area is characterized by high barriers to entry, stringent zoning regulations, and a limited supply of multifamily-zoned land, making it an enticing opportunity for developers and investors.
Company Background
Marcus & Millichap Capital Corporation is a subsidiary of Marcus & Millichap, a public company specializing in commercial real estate investment services. In 2024, MMCC reported that it closed 1,249 transactions totaling approximately $9.1 billion. The parent company, Marcus & Millichap, engaged in 7,836 transactions with a total sales volume of about $49.6 billion. The firm employs over 1,712 investment sales and financing professionals across more than 80 offices.
With strong sponsorship and appealing market characteristics, the financing for Vintana at Vanderbilt and The Karlyn not only reflects the confidence investors have in the Naples market, but also underscores the city’s growing demand for multifamily living spaces. The completion of these projects will add to the diversity and livability of Naples, catering to a range of residents and their lifestyle needs.
Deeper Dive: News & Info About This Topic
Additional Resources
- Business Wire: Marcus & Millichap Capital Corporation Secures $91M
- Connect CRE: Roers Obtains $91.4M Financing for Naples Apartments
- MSN: Marcus & Millichap Secures $91M for Project in Southwest Florida
- Wikipedia: Naples, Florida
- Google Search: Multifamily Real Estate Florida
Author: Construction FL News
FLORIDA STAFF WRITER The FLORIDA STAFF WRITER represents the experienced team at constructionflnews.com, your go-to source for actionable local news and information in Florida and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Florida Build Expo, major infrastructure projects, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated Builders and Contractors of Florida and the Florida Home Builders Association, plus leading businesses in construction and legal services that power the local economy such as CMiC Global and Shutts & Bowen LLP. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructiontxnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
