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.
Key takeaway: A three-year construction loan totaling $91.4 million has been put in place to build two new multifamily developments in Naples, Florida, moving both projects toward an expected 2027 completion.
The financing supports two separate developments by a multifamily firm based in Plymouth, Minnesota. The capital stack includes $78.9 million in senior debt from a private lender and $12.5 million in mezzanine financing. The financing was arranged by a capital-markets professional at a national commercial real estate finance firm.
– Vintana at Vanderbilt (sometimes listed with a slight name variation) — a 150-unit apartment community at 3375 Vanderbilt Beach Road.
– The Karlyn — a 159-unit 55-plus active adult community at 7576 Immokalee Road.
The $91.4 million package is structured as two loans: $78.9 million of senior construction debt and $12.5 million of mezzanine financing. The loans are short-term construction facilities with a three-year term to help complete both developments.
Both communities will offer one- to three-bedroom floorplans and are planned with high-end finishes and resort-style amenities. Shared features for both properties include pools, clubrooms, and pickleball courts, along with other community spaces designed for active living and socializing.
The two sites sit less than five miles apart along the Gulf Coast market and are separated in part by a regional park. Both locations are close to shopping, dining and retail options, and local beaches are within a short drive for residents. One site sits adjacent to a golf course associated with a luxury resort, while the other fronts a major east-west road that now supports many shops, restaurants, golf courses and cultural amenities.
The developer recently completed additional financing activity in its home state earlier in the year, putting a bridge loan in place to refinance a senior community in Minnesota. The Naples market has seen a number of nearby large residential and mixed-use projects moving forward, including a high-end condominium tower and new senior housing phases, which together reflect rising investment and construction activity in the region.
Market conditions in the area include strict land-use rules and limited multifamily-zoned land, which creates higher demand for new development opportunities. That environment, combined with the sponsor’s experience and the sites’ proximity to beaches, retail and golf amenities, supported lender interest in this package.
Both developments target delivery in 2027. The construction loans are intended to cover on-site construction costs and move the projects through the building phase to lease-up and occupancy.
The loan covers two projects: Vintana at Vanderbilt, a 150-unit apartment community, and The Karlyn, a 159-unit 55-plus community.
The sponsor secured a total of $91.4 million in three-year construction financing, split between senior debt and mezzanine financing.
Senior financing and mezzanine financing were provided by institutional lenders and specialty capital sources. The package was arranged by a commercial real estate capital markets team on behalf of the sponsor.
Both projects are expected to be completed in 2027, subject to construction schedules and permitting.
Both communities plan to include resort-style offerings such as pools, clubrooms, pickleball courts and a range of community amenities, plus one- to three-bedroom floorplans.
Vintana at Vanderbilt is located at 3375 Vanderbilt Beach Road. The Karlyn is at 7576 Immokalee Road. The two are less than five miles apart and near regional parks, retail and beaches.
| Feature | Vintana at Vanderbilt | The Karlyn |
|---|---|---|
| Address | 3375 Vanderbilt Beach Road | 7576 Immokalee Road |
| Unit count | 150 units | 159 units (55+ active adult) |
| Target completion | 2027 | |
| Senior financing | $78.9 million (senior debt) | |
| Mezzanine financing | $12.5 million | |
| Unit mix | One- to three-bedroom floorplans | |
| Amenities | Pools, clubrooms, pickleball courts, resort-style community spaces | |
| Distance apart | Less than 5 miles; regional park between sites | |
This report summarizes the financing and project details for two planned multifamily communities in the Naples market and provides context on nearby development activity and market characteristics that influenced lender interest.
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