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Grand Peaks Development secures a $104 million senior loan to finance The Summit, a 164-unit multifamily community in Colorado's Vail Valley.
PRIVATEAug 28, 2026•about 3 hours ago
Amount Raised
$104 Million
Round Type
Debt Financing
ColoradoNon Profit
Description
Grand Peaks Development has closed a $104 million senior construction loan for The Summit, a 164-unit Class A multifamily community in downtown Avon, Colorado. The project, developed within an area qualifying as a rural Targeted Employment Area (TEA) under the EB-5 program, enables EB-5 investors to secure investments at a reduced level. The development will provide market-rate and affordable housing along with commercial space. Residents will enjoy various amenities including a fitness center and outdoor courtyards.
Company Information
Company
Grand Peaks Development
Location
Colorado, United States
About
Civitas Capital Group is an investment firm specializing in EB-5 projects, which allow foreign investors to obtain U.S. residency through investment in projects that create jobs. They focus on developing rural and urban properties, contributing to community growth and economic development. The firm has a proven track record of delivering multifamily housing projects in Colorado and beyond. Their initiatives aim to address local housing shortages while providing attractive investment opportunities for international investors.
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ColoradoNon Profit