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. The financing will fund Vintana at Vanderbilt, a 150-unit apartment community at 3375 Vanderbilt Beach Road, and The Karlyn, a 159-unit active-adult (55+) community at 7576 Immokalee Road. Both projects are slated for completion in 2027.
The financing was arranged by a capital markets team on behalf of Roers Companies, a multifamily developer based in Plymouth, Minnesota. The $91.4 million capital stack is made up of two loans:
The loans are construction loans intended to advance both projects through the building phase toward the targeted 2027 delivery.
Both communities will offer one- to three-bedroom floorplans and are planned with high-end finishes and resort-style amenities. Common features listed in project plans include pools, clubrooms and pickleball courts, along with other resident-focused amenities designed for leisure and social life.
The two sites sit less than 5 miles apart in the Gulf Coast submarket, with North Collier Regional Park lying between them. Each location has nearby shopping, dining and retail options, and local beaches are within a short drive for future residents. Vintana at Vanderbilt backs up to an 18-hole golf course affiliated with a luxury resort, while The Karlyn is positioned along Immokalee Road, a developed east‑west corridor with plentiful retail, restaurants and nearby residential neighborhoods.
Naples is known for strict zoning and limited multifamily-zoned land, which creates high barriers to entry. Those conditions have helped sustain developer interest in projects that successfully secure sites and permits. Lenders participating in this transaction viewed the sponsor’s track record, the strong submarket location and limited competition for multifamily opportunities as supportive of construction financing.
The financing comes amid a broader wave of high-end development in the Naples area, including recent condominium and senior housing projects. Nearby luxury residences and mixed-use towers are under construction or recently topped out, and several senior housing developments have moved through refinancing or phase completions in recent months. Those projects highlight demand for both market-rate apartments and age‑restricted housing near Gulf Coast amenities and retail corridors.
Earlier this year, Roers Companies also secured a bridge loan to refinance a senior community in Minnesota. The new Naples loan complements that activity and marks another step in the firm’s expansion into varied multifamily product types and markets.
Construction will progress under the three-year loan term with the stated delivery target of 2027. The projects will move through permitting, vertical construction and interior finish work in the months ahead. Continued interest from capital providers in Florida multifamily deals is likely to depend on sponsor strength, submarket fundamentals and the limited supply of buildable multifamily sites in the region.
The loan funds two developments in Naples: Vintana at Vanderbilt (150 units) and The Karlyn (159 units, 55+ community).
The construction loan totals $91.4 million. Senior debt of $78.9 million comes from Kayne Anderson and $12.5 million of mezzanine financing comes from SteepRock Capital. The financing was arranged by a capital markets team working on behalf of the sponsor.
Both projects are expected to be completed in 2027, subject to construction schedules and permitting.
Plans call for high-end finishes and resort-style amenities including pools, clubrooms, pickleball courts and other shared spaces.
Vintana at Vanderbilt is at 3375 Vanderbilt Beach Road. The Karlyn is at 7576 Immokalee Road. They are under 5 miles apart with a regional park between them and are close to shopping, dining and beaches.
Yes. Lenders are showing appetite for Florida multifamily projects when sponsors present strong local submarket stories and proven execution capabilities, especially in areas with tight zoning and limited development sites.
| Feature | Vintana at Vanderbilt | The Karlyn (55+) |
|---|---|---|
| Address | 3375 Vanderbilt Beach Road, Naples, FL | 7576 Immokalee Road, Naples, FL |
| Unit count | 150 units | 159 units |
| Target completion | 2027 | |
| Unit types | One- to three-bedroom floorplans | |
| Amenities | Pools, clubrooms, pickleball courts, resort-style finishes and other community amenities | |
| Construction financing | $78.9M senior debt (Kayne Anderson) + $12.5M mezzanine (SteepRock) = $91.4M total | |
| Nearby features | Adjacent to a Ritz-Carlton golf course; short drive to beaches | Located on Immokalee Road with retail, restaurants and golf courses nearby |
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