Marcus & Millichap Capital Corporation (MMCC) arranged $91.4 million in financing for the construction of two multifamily assets in Naples, Florida. The projects are Vintana at Vanderbilt, a 150-unit apartment property, and The Karlyn, a 159-unit active adult community.
The capital stack includes $78.9 million in senior debt and $12.5 million in mezzanine financing for the sponsor, Roers Companies. Both projects are slated for completion in 2027 and will feature high-end finishes and resort-style amenities.
This financing package demonstrates that lenders remain eager to aggressively pursue Florida multifamily projects when strong sponsorship is combined with a compelling submarket story. Naples is ranked as the No. 1 place to live in the United States, with high barriers to entry and limited availability of multifamily-zoned sites.
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