Updated Dec 2, 2025
Civitas Capital Group Provides $38.4M Loan For Fourth Street North Apartments In Silverthorne
37 4th Street
$38,400,000
Units
72
Asset Type
MultiFamily
Closing
Nov 26, 2025
About this deal
AI
Fourth Street North Apartments is a 72-unit Class A multifamily project located at 37 4th Street, in Silverthorne, Maryland. The project is supported by a senior loan of $38,400,000 from Civitas Capital Group, with construction set to commence immediately.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $38,400,000
- Address: 37 4th Street
- Market: Silverthorne, MD
- Units: 72
- Lender: Civitas Capital Group
- Landlord: Outpost Partners
Civitas Capital Group is facilitating the financing for this project, with first deliveries planned for 2027. This marks a significant development initiative by Outpost Partners in the downtown Silverthorne area.
Players
Silverthorne 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93