A major funding deal worth $91.4 million will bring two new living spaces to Naples, Florida — Vintana at Vanderbilt, with 150 units, and The Karlyn, built for residents aged 55-plus with 159 units.
Kayne Anderson will finance $78.9 million, while SteepRock Capital added $12.5 million as backup funding.
“The financing package demonstrates that lenders remain eager to aggressively pursue Florida multifamily projects when strong sponsorship is combined with a compelling submarket story,” said Gary Sefcik, based in MMCC’s Manhattan office, according to Business Wire…