, August 15, 2025
News Summary
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.
Roers Cos. secures $91.4 million construction loan for two Naples apartment projects
A three-year construction loan totaling $91.4 million has been secured to fund two multifamily developments in Naples, Florida, both aimed for completion in 2027. The financing was arranged by a Manhattan-based capital markets lender and structured as a two-part capital stack to move both communities through construction.
Top-line financing and structure
The capital stack consists of $78.9 million in senior debt provided by an institutional lender and $12.5 million in mezzanine financing from a private credit provider. The package is a construction loan across both sites and carries a three-year term intended to support on-site work, finishes and amenity delivery.
Projects covered
The funds cover two Roers Companies developments in Naples: Vintana at Vanderbilt (sometimes referenced with a slight name variation) and The Karlyn. Vintana at Vanderbilt will total 150 apartment units. The Karlyn is planned as a 159-unit active adult community for residents age 55 and over.
Locations and site context
Vintana at Vanderbilt is sited at 3375 Vanderbilt Beach Road, and The Karlyn is at 7576 Immokalee Road. The two sites sit less than five miles apart, with North Collier Regional Park located between them. Both locations are within driving distance of Gulf Coast beaches and are near retail, dining and other neighborhood services.
Amenities, unit mix and design
Plans for both communities call for high-end interior finishes and resort-style amenities. Each project will include pools, clubrooms and pickleball courts among additional shared features. Unit offerings across the two developments will range from one- to three-bedroom floorplans. The Karlyn is positioned as an active adult community with amenities tailored to that demographic.
Market and access considerations
The Vanderbilt site sits adjacent to a prominent golf course tied to luxury resort development in the area. The Immokalee Road corridor, where The Karlyn will be built, is a major east-west thoroughfare with concentrated retail, restaurant and recreational offerings. Local planning and zoning in the Naples market are noted for tight controls and limited multifamily-zoned land, factors that influence development timing and competition.
Local development context
The new loans arrive amid broader activity in the Naples region, where several large residential and senior housing projects are under construction or recently financed. Nearby luxury condominium and mixed-use towers are advancing, and other senior housing projects have secured refinancing and completed phases this year, underscoring ongoing capital flow into the area.
Related financing activity by the sponsor
Earlier in the year, the sponsor obtained a $42.9 million bridge loan to refinance a senior living community in Minnesota. That transaction is separate from the Naples construction financing but reflects concurrent capital activity involving the same development sponsor.
Deal participants and firm information
The financing was arranged by a capital markets professional based in Manhattan on behalf of the sponsor. The senior tranche and mezzanine tranche were provided by two different institutional lenders. The arranging firm is a capital markets arm of a national commercial real estate brokerage and provides a range of debt and structured-finance products across the country.
Timeline
Both communities are slated for completion in 2027. The three-year construction term for the loans is intended to cover on-site construction work, finishes and delivery of core amenity spaces to prepare the properties for lease-up and occupancy.
FAQ
What properties are being financed?
The financing covers two developments in Naples: Vintana at Vanderbilt (150 units) and The Karlyn (159-unit 55-plus community).
How much financing was provided and how is it structured?
Total financing is $91.4 million, split into $78.9 million of senior debt and $12.5 million of mezzanine financing. The loans are three-year construction loans.
Who arranged the financing and who provided the loans?
The financing was arranged by a Manhattan-based capital markets representative of a national brokerage capital platform. Senior debt comes from an institutional lender and mezzanine debt from a private credit provider.
When will the projects be completed?
Both communities are targeted for completion in 2027.
What amenities and unit types will the developments offer?
Both projects will feature resort-like amenities including pools, clubrooms and pickleball courts. Apartment units will range from one to three bedrooms; The Karlyn is focused on active adult residents aged 55-plus.
How far apart are the two sites?
The two sites are less than five miles apart with North Collier Regional Park between them. Both are within driving distance of shopping, dining and local beaches.
Key details at a glance
| Feature | Detail |
|---|---|
| Total construction loan | $91.4 million |
| Senior debt | $78.9 million |
| Mezzanine debt | $12.5 million |
| Arranger | Manhattan-based capital markets representative of a national brokerage capital platform |
| Sponsor | Roers Companies (headquartered in Plymouth, Minnesota) |
| Project 1 | Vintana at Vanderbilt — 150 units — 3375 Vanderbilt Beach Road, Naples, FL |
| Project 2 | The Karlyn — 159 units (55+) — 7576 Immokalee Road, Naples, FL |
| Amenities (planned) | Pools, clubrooms, pickleball courts, resort-style finishes and additional community spaces |
| Unit mix | One- to three-bedroom floorplans |
| Estimated completion | 2027 |
| Proximity | Sites are under 5 miles apart; North Collier Regional Park between sites; near beaches and retail |
Deeper Dive: News & Info About This Topic
Additional Resources
- Multi-Housing News: Two Florida MHCs Secure $91M for Construction
- Wikipedia: Roers_Cos
- Business Wire: Marcus & Millichap Capital Corp Secures $91M
- Google Search: Roers Cos Naples construction loan
- Law360: Marcus & Millichap Closes $91M Multifamily Financing Deal
- Google Scholar: multifamily construction financing Naples Roers
- Commercial Observer: Forman Capital $114M Construction Loan Naples Condos
- Encyclopedia Britannica: Naples Florida real estate development
- Naples Daily News: With financing in hand, construction to begin on Aura in East Naples
- Google News: Vintana Vanderbilt The Karlyn construction loan
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