Updated Sep 1, 2026
Civitas Capital Group Provides $104 Million Loan For 164-Unit Multifamily Project In Avon Colorado
130 West Beaver Creek Boulevard
$104,000,000
Units
164
Asset Type
MultiFamily
Closing
Aug 28, 2026
About this deal
AI
The Summit is a 164-unit Class A multifamily project located at 130 West Beaver Creek Boulevard in Avon, Colorado. It has secured a senior construction loan amounting to $104 million to facilitate its development in the downtown area.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $104,000,000
- Lender: Civitas Capital Group
- Landlord: Luke Simpson - Grand Peaks Development
- Loan Type: Construction
- Market: Avon, CO
Civitas Capital Group is providing the financing for this construction, supporting Grand Peaks Development in their efforts to bring this multifamily project to fruition.
On the Map
$104,000,000
MultiFamily
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Players
Avon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93