S3 Capital Provides $66 Million Construction Loan for Phase Two of Atlantica at Town Center Development

352-unit luxury residential rental community in rapidly growing suburbs of Orlando, Florida

S3 is pleased to announce the origination of a $66 million construction loan for the second phase of the Atlantica at Town Center development, located at 1121 Loblolly Lane,
in Davenport, a rapidly growing suburb of Orlando, Florida.

This financing will support the construction of a brand new 352-unit luxury residential rental community, which will be adjacent to the recently completed 360-unit complex delivered in the
first phase of the development. The second phase is set to continue the transformation of Atlantica at Town Center into a premier residential destination, offering high-end amenities and
modern living spaces designed to cater to the growing demand for rental housing in the Orlando metro area.

“We are excited to provide financing for the next phase of Atlantica at Town Center given the incredible growth that the Davenport area has seen in recent years,” said Joshua Crane, Co-
Founder and Managing Principal of S3 Capital. “We see significant potential in the project due to its proximity to key attractions in the area, including Planet Obstacle, the World’s Largest
Indoor Obstacle Park. This project aligns with our strategy to support high-quality residential developments in high-growth markets. The success of Phase One underscores the strong
demand for rental housing in the region, and we are confident that Phase Two will continue to attract residents seeking luxury living with proximity to Orlando.”

Atlantica at Town Center is also poised to benefit from its strategic vicinity to ChampionsGate resort, which offers a major retail shopping center, an Omni hotel, two championship-level 18-hole golf courses, and a nine-hole, par three golf course. In addition, the City of Davenport recently purchased a 50-acre farm near the Atlantica at Town Center development, with plans
to convert the property into a public park for residents to enjoy.

The second phase will also feature state-of-the-art amenities, including a resort-style pool, fitness center, co-working spaces, and landscaped outdoor areas, designed to create a vibrant,
community-oriented environment.

The $66 million loan represents S3 Capital’s ongoing commitment to financing transformative residential projects in growth markets across the United States. With the completion of the
second phase, Atlantica at Town Center will offer over 700 high-end rental units, further contributing to the area’s development and meeting the region’s increasing demand for upscale
rental housing.

https://www.atlanticaattowncenter.com/

About S3 Capital
S3 Capital is the lending arm of Spruce Capital Partners, a real estate investment firm that acquires and manages multi-family rental housing. S3 Capital is a national construction and
bridge lender with significant expertise in development that positions it to streamline the construction process. The company offers a dedicated pool of capital, enabling it to promptly
fund construction-related expenses and respond to the individual needs of borrowers. The firm has originated over $5.0 billion across more than 650+ loans and excels in financing small
balance loans under $20 million and large balance loans up to more than $250 million. The firm currently has a portfolio of more than 150 active bridge and construction loans.