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.
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