Marcus & Millichap Secures $91.4M Financing for Two Multifamily Projects in Naples, Florida

Reuters08-12

Marcus & Millichap Secures $91.4M Financing for Two Multifamily Projects in Naples, Florida

Marcus & Millichap Capital Corporation has successfully arranged $91.4 million in financing for the construction of two multifamily projects in Naples, Florida. The developments include Vintana at Vanderbilt, a 150-unit apartment complex, and The Karlyn, a 159-unit community for active adults aged 55 and older. The financing package comprises $78.9 million in senior debt from Kayne Anderson and $12.5 million in mezzanine financing from SteepRock Capital, secured by Gary Sefcik from MMCC's Manhattan office. Both projects, located near the Gulf Coast and offering high-end finishes and resort-style amenities, are expected to be completed by 2027. The initiative highlights strong lender interest in the competitive Naples market, known for its stringent zoning regulations and limited availability of multifamily-zoned sites.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on August 11, 2025, and is solely responsible for the information contained therein.

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