Anchor Loans Funds $58.5M Build-to-Rent Project in Deltona, FL

Anchor Loans, a California-based private real estate lender majority-owned by Pretium, has provided $58.5 million in vertical construction financing to support the development of 279 build-to-rent homes in Deltona, Florida, the company announced Monday.

The financing covers two adjacent communities being developed by Agador Spartacus Development, described as a repeat borrower, signaling an ongoing lending relationship between the two firms. Deltona, located in Volusia County between Orlando and Daytona Beach, has attracted increasing developer interest as demand for single-family rental housing in Florida's interior markets continues to grow.

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Build-to-rent communities — purpose-built neighborhoods designed for long-term tenancy rather than eventual sale — have emerged as a significant segment of residential construction nationally. Developers and lenders have poured capital into the sector as elevated mortgage rates have kept many would-be homebuyers in the rental market longer than anticipated.

Anchor Loans positions itself as a leading provider of private financing solutions for residential real estate investors and developers. Its backing by Pretium, an alternative investment firm with substantial holdings across housing-related assets, gives the lender considerable capital resources to deploy on large-scale projects of this type.

The Deltona transaction underscores continued institutional appetite for build-to-rent development in Sun Belt markets, where population growth and housing supply constraints have supported rental demand. Continue reading at Real Estate.