Roers Cos. Secures $91.4M Construction Loan for Two Naples Apartment Communities

, 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. lands $91.4 million construction loan for two Naples apartment projects

A three-year construction loan totaling $91.4 million has been arranged to finance two new multifamily communities in Naples, Florida, sponsored by Roers Cos., a multifamily developer based in Plymouth, Minnesota. The financing was put together by Gary Sefcik of Marcus & Millichap Capital Corporation and is structured as a two-part capital stack intended to move both projects through construction toward 2027 completion.

Key financing details

The $91.4 million package includes $78.9 million in senior debt from Kayne Anderson and $12.5 million in mezzanine financing provided by SteepRock Capital. The loan term is three years and is earmarked specifically as construction financing for the two Naples developments.

Projects funded

The financing covers two distinct developments:

  • Vintana at Vanderbilt (listed in some material as “Vitana at Vanderbilt”) — a 150-unit apartment property located at 3375 Vanderbilt Beach Road in Naples.
  • The Karlyn — a 159-unit 55-plus active adult community located at 7576 Immokalee Road in Naples.

Design and amenities

Both communities are planned with high-end finishes and resort-style amenities. Public material describing the projects lists amenities such as pools, clubrooms and pickleball courts, along with other community features intended to support active lifestyles. Unit offerings will include one- to three-bedroom floorplans; The Karlyn will target the active adult market, while Vintana will serve general multifamily demand.

Location and market context

The two sites sit less than five miles apart on the Gulf Coast market and are separated by North Collier Regional Park. Both sites have nearby shopping, dining and retail options, and beaches are within a short drive for future residents. Vintana is adjacent to a major local golf course tied to a luxury resort, while The Karlyn fronts Immokalee Road, a heavily developed east-west corridor with retail, restaurants, golf and cultural venues.

Market observers note Naples has strict zoning rules and a scarcity of multifamily-zoned sites, creating high barriers to entry that can sustain developer interest when opportunities arise. That constrained supply has helped attract lender attention to well-positioned projects with experienced sponsors.

Local development environment

The loan comes amid a wave of development and financing activity across Collier County. Nearby projects include a luxury condominium tower rising close to the Ritz-Carlton area and recent construction and refinancing activity for senior housing and mixed-use developments. Other area financings this year include a sizeable bridge loan in Minnesota obtained earlier by Roers Cos. for a senior community and separate refinancing and construction loans supporting additional senior and luxury housing projects in the Naples region.

Who arranged the deal

The financing was arranged by Marcus & Millichap Capital Corporation on behalf of the Roers sponsor. The intermediary reported the two-tiered debt stack and confirmed project unit counts and expected 2027 delivery timelines. Industry-level context cited by the arranger notes continued appetite among lenders for Florida multifamily when sponsorship and submarket fundamentals align.

Next steps

With construction financing secured, both developments are positioned to continue through permitting and construction phases over the coming months and are slated for occupancy in 2027, subject to typical construction schedules and permitting timelines.

FAQ

What projects are being financed?

The loan funds two projects: Vintana at Vanderbilt (150 units) and The Karlyn (159-unit 55+ community).

How much financing was secured and who are the lenders?

The total construction financing is $91.4 million, comprised of $78.9 million in senior debt from Kayne Anderson and $12.5 million in mezzanine financing from SteepRock Capital.

Who arranged the financing?

The loan package was arranged by a capital markets team at Marcus & Millichap Capital Corporation; the transaction was led by Gary Sefcik.

When are the projects expected to be completed?

Both communities are targeted for completion in 2027.

Where are the properties located?

Vintana at Vanderbilt: 3375 Vanderbilt Beach Road, Naples, Florida. The Karlyn: 7576 Immokalee Road, Naples, Florida. They are less than five miles apart, with North Collier Regional Park between them.

What kinds of units and amenities will be offered?

Floorplans will include one- to three-bedroom apartments. Both sites plan high-end finishes and resort-style amenities such as pools, clubrooms and pickleball courts, among other resident features.

Why is Naples attractive for multifamily developers?

Naples features stringent zoning and high barriers to entry for multifamily sites, limiting supply. That constrained offering combined with strong local demand can make well-located projects compelling to lenders and developers.

Is this the only recent financing activity by the sponsor?

No. Earlier in the year, Roers Cos. secured a $42.9 million bridge loan to refinance a senior community in Minnesota. The Naples loans add to a broader pattern of regional housing and senior housing financings in the market.

Key project features

Feature Vintana at Vanderbilt The Karlyn
Address 3375 Vanderbilt Beach Road, Naples, Fla. 7576 Immokalee Road, Naples, Fla.
Unit count 150 units 159 units (55+ active adult)
Target completion 2027
Financing $91.4M total — $78.9M senior (Kayne Anderson) + $12.5M mezzanine (SteepRock)
Amenities Pools, clubrooms, pickleball courts, resort-style offerings and high-end finishes
Unit types One- to three-bedroom floorplans
Proximity Less than 5 miles apart; near retail, dining, golf courses and beaches; North Collier Regional Park lies between sites

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Additional Resources

Author: Construction NY News

NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at constructionnynews.com, your go-to source for actionable local news and information in New York and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New York Build Expo, infrastructure breakthroughs, and cutting-edge construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of New York State and the Building Trades Employers' Association, plus leading businesses in construction and real estate that power the local economy such as Turner Construction Company and CMiC Global. As part of the broader network, including constructioncanews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.

Construction NY News

NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at constructionnynews.com, your go-to source for actionable local news and information in New York and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New York Build Expo, infrastructure breakthroughs, and cutting-edge construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of New York State and the Building Trades Employers' Association, plus leading businesses in construction and real estate that power the local economy such as Turner Construction Company and CMiC Global. As part of the broader network, including constructioncanews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.

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