Rendering of two planned Naples apartment communities featuring resort-style amenities and landscaped common areas.
, August 15, 2025
Roers Cos. obtained a three-year construction loan totaling $91.4 million to advance two new multifamily communities in Naples, Florida. The capital stack includes $78.9 million in senior debt from Kayne Anderson and $12.5 million in mezzanine financing from SteepRock Capital, arranged by a Marcus & Millichap Capital Corporation representative. Vintana at Vanderbilt (150 units) and The Karlyn (159-unit 55-plus community) will feature one- to three-bedroom layouts, resort-style amenities such as pools, clubrooms and pickleball courts, and upscale finishes. Both sites are located near retail, recreation and a regional park, with delivery targeted near the end of the construction term.
A three-year construction loan totaling $91.4 million has been secured to build two new multifamily communities in Naples, Florida, advancing both projects toward an expected 2027 completion. The financing was arranged by a Manhattan-based capital markets professional at Marcus & Millichap Capital Corporation (MMCC) on behalf of Roers Cos., a multifamily developer headquartered in Plymouth, Minnesota.
The combined $91.4 million package is structured as a capital stack composed of senior construction debt and mezzanine financing. The funds are targeted to move both sites through the construction phase and toward delivery. Design plans call for upscale interior finishes and resort-style community amenities at each property.
Vintana at Vanderbilt is planned at 3375 Vanderbilt Beach Road and will offer 150 rental units with one- to three-bedroom floorplans. The Karlyn, a 55-plus active adult community with 159 units, is planned at 7576 Immokalee Road. The two sites are located less than five miles apart in the Naples market, with North Collier Regional Park sitting between them. Both locations are positioned near shopping, dining and local beaches that will be within driving distance for future residents.
Each community will include pools, clubrooms and pickleball courts among additional amenities intended to provide a resort-like living experience. Unit types will range from one- to three-bedroom apartments to serve households with varying space needs. The Karlyn will specifically target the active adult demographic with age-restricted programming and community features.
The Vanderbilt site sits adjacent to a prominent golf course, providing immediate access to recreational green space. The Immokalee Road location is on a major east‑west thoroughfare that has seen significant development, offering access to retail, restaurants, golf facilities and cultural centers. The combined proximity of both projects to established amenities and transportation corridors played a role in their financing appeal.
The loan arrangement was executed by a representative of MMCC based in Manhattan. The senior debt portion of $78.9 million is provided by Kayne Anderson; the mezzanine tranche of $12.5 million comes from SteepRock Capital. MMCC functions as the arranging capital markets platform for this transaction on behalf of the sponsor, Roers Cos.
The Naples market has seen several high-profile projects moving forward. A nearby luxury condominium tower began vertical construction late in the prior year and other senior housing and mixed-use developments in the region have been receiving financing or topping out recently. These parallel projects reflect broader development momentum tied to limited multifamily-zoned land, stringent zoning rules and market demand in the coastal submarket.
Earlier in the year, Roers secured a separate $42.9 million bridge loan to refinance an existing senior community in Minnesota. That earlier transaction underscores ongoing capital activity by the sponsor across different asset types and geographies.
The three-year, $91.4 million construction loan moves two planned Naples communities deeper into the development pipeline with completion targeted for 2027. With a mix of senior and mezzanine debt backing high-end finishes and shared amenities, both properties aim to serve different renter demographics while benefitting from their location near recreation, retail and coastal attractions.
A: The developer obtained a three-year construction loan totaling $91.4 million. The capital stack includes $78.9 million in senior debt from Kayne Anderson and $12.5 million in mezzanine financing from SteepRock Capital. Financing was arranged by an MMCC representative on behalf of the sponsor.
A: Vintana at Vanderbilt (3375 Vanderbilt Beach Road) will have 150 units. The Karlyn (7576 Immokalee Road) will be a 159-unit 55-plus community.
A: Both communities are slated for estimated completion in 2027.
A: Both projects will feature resort-style amenities such as pools, clubrooms and pickleball courts. Unit plans will include one- to three-bedroom layouts; The Karlyn will be positioned for active adults (55+).
A: The sites are less than five miles apart with a regional park between them. Both are near retail, dining and are within driving distance to local beaches and recreational amenities.
| Feature | Vintana at Vanderbilt | The Karlyn |
|---|---|---|
| Address | 3375 Vanderbilt Beach Road, Naples, FL | 7576 Immokalee Road, Naples, FL |
| Unit count | 150 units | 159 units (55+) |
| Unit types | One- to three-bedroom | One- to three-bedroom; active adult focus |
| Estimated completion | 2027 | |
| Amenities | Pools, clubrooms, pickleball courts, resort-style finishes and other community features | |
| Senior debt lender | Kayne Anderson ($78.9M across both projects) | |
| Mezzanine lender | SteepRock Capital ($12.5M) | |
| Total construction loan | $91.4 million | |
| Distance apart | Less than 5 miles; North Collier Regional Park between sites | |
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