Weekly Real Estate News
Anchor Loans has closed $58.5 million in vertical construction financing for two adjacent build-to-rent communities in Deltona, Florida, supporting a combined 279 rental homes.
The private real estate lender announced the financing on October 19, 2026, at 1:23 p.m. Eastern. The developer is Agador Spartacus Development, a repeat borrower with other Florida rental housing projects financed by Anchor.
Two projects, 279 rental homes
Approximately $30.2 million will finance Magnolia Cottages at Deltona, a planned 153-home community. The remaining $28.3 million will support Magnolia Villas at Deltona, with 126 homes. The communities are on adjacent parcels and will include a mix of cottages, duplexes and townhomes, according to the lender.
Both developments are planned with dog parks and clubhouse amenities. Deltona lies between Orlando and Daytona Beach, providing access to employment centers in Central Florida.
Existing lender-developer relationship
Anchor previously financed two other Agador projects: Magnolia at Lake Hamilton, a $35.4 million multifamily financing in Winter Haven, and Lake Ella Estates, a $36.8 million financing for a 132-home build-to-rent development in Lady Lake.
Anchor chief lending officer Paul Stockamore said the developer’s track record, equity investment and Florida experience supported the lender’s decision to finance both projects.
The company announced the loans as closed but did not specify the underlying closing dates. Construction completion schedules, projected rents and occupancy forecasts were not disclosed.
Why the financing matters
The deal highlights continued private-credit appetite for purpose-built rental communities in selected Florida markets. Its two-community structure also illustrates how repeat lending relationships can support multiple developments in the same market.
The financing announcement does not establish whether the projects will achieve their expected lease-up or investment returns.
Source: Anchor Loans announcement, October 19, 2026.
