Civitas Capital Group has closed a $38.4 million senior loan to support construction of Fourth Street North Apartments, a Class A multifamily project planned in downtown Silverthorne, Colorado. The development adds new supply in a market that continues to experience rising housing pressure.
Located in the Town of Silverthorne in Summit County, the project qualifies as a Rural Targeted Employment Area (TEA) under the EB-5 Program. This designation allows EB-5 investors to participate at the $800,000 level, receive priority I-526E processing, and access the rural visa set-aside. Because of these provisions, investors may see shorter immigration timelines and avoid retrogression.
All debt financing for the development has been fully committed.
A 2023 Summit County housing study indicates a need for roughly 2,500 additional housing units over the next five years. Therefore, the project addresses a clear regional requirement.
"We're excited about this offering because it gives EB-5 investors the ability to benefit from rural priority processing while also participating in a market with clear demand for new housing," said Jeff Kiser, Director and Head of EB-5 Investor Relations for Civitas. "Demand for strong EB-5 projects is exceptionally high right now, and this offering is already drawing significant interest from potential investors."
Construction is expected to begin immediately. The first deliveries and lease-up are planned for 2027.
Fourth Street North will include 72 market-rate apartments across four buildings. The project offers more than 70,000 square feet of residential area and over 10,000 square feet of ground-floor retail. Outpost Partners — previously MW Development LLC — is leading the development as part of Silverthorne’s long-term revitalization strategy. The site will function as a central connection point within the town’s master plan.
The architectural plan features contemporary mountain-style elements, combining stone materials with wood-textured siding. The location sits near existing civic and cultural venues such as the Silverthorne Performing Arts Center and The Art Spot, both of which were delivered through earlier phases of redevelopment. As a result, Fourth Street North is positioned to contribute to ongoing downtown renewal efforts.
Silverthorne benefits from its proximity to major outdoor attractions, including alpine lakes, aspen groves, and the White River National Forest. The broader Summit County region is a well-known recreation hub hosting 11 ski resorts. With Denver roughly 70 miles away, the town serves as both a residential and seasonal destination.
Civitas Capital Group is an established EB-5 regional center operator and real estate capital partner. Since 2009, the firm has invested in more than 50 development projects and maintains a 100% USCIS approval rate. Civitas focuses on structured real estate investments supported by underwriting discipline and long-term investor partnerships. The firm continues to work with EB-5 investors and real estate developers seeking flexible capital solutions and stable execution.
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