Anchor Loans Provides $58.5 Million in Vertical Construction Financing for Two Build-to-Rent Communities in Deltona, Florida
Anchor Loans has provided $58.5 million in vertical construction financing to Agador Spartacus Development for two build-to-rent communities in Deltona, Florida. The funding includes $30.2 million for Magnolia Cottages at Deltona (153 homes) and $28.3 million for Magnolia Villas at Deltona (126 homes), totaling 279 rental units with a mix of cottage-style housing options. The projects are located near major employment hubs in Central Florida, including the Howland Job Zone, which supports healthcare, logistics, and retail sectors. This financing marks an expansion of Anchor Loans' relationship with Agador Spartacus Development, having previously funded multiple build-to-rent developments across Florida. Paul Stockamore, Chief Lending Officer at Anchor Loans, emphasized that strong real estate credit is built on understanding both the asset and sponsor, citing Agador's track record in the Florida market. Samy Cohen of Agador expressed appreciation for Anchor’s ability to finance two adjacent communities simultaneously.
Topics: build-to-rent private lending residential development