Civitas Silverthorne, LP
A EB-5 Investment Opportunity Development in Silverthorne, Colorado
Project Summary
Civitas Capital will provide a $38.4MM senior loan for the construction of a Class A multifamily development project in downtown Silverthorne, Colorado.
Target Key Terms and Capital Structure1
| Asset Type | Multifamily |
| Total EB-5 Capital | $38.4MM |
| Number of Investors | 481 |
| Estimated Job Creation | 6621 |
| Visa Category | Rural |

1. Job creation estimates are calculated by an independent, third-party econometric consultant using the Regional Dynamics (REDYN) model – a dynamic, computable general equilibrium model used to measure the economic and employment impacts of development projects across regional economies. REDYN is one of the input-output modeling tools recognized by U.S. Citizenship and Immigration Services (USCIS) for use in EB-5 job creation analyses. There is no guarantee that job creation projections will be achieved.
Opportunity Highlights
Irreplaceable Location
Home to the mountain towns of the Colorado Rockies, this project is located 70 miles west of Denver, Colorado, and in the middle of five of the most frequently visited ski resorts in Colorado.
Fully Financed & Construction Started
All financing for the project is in place. Construction began Q4 2025.
Completion Guaranty
A completion guaranty was provided by a high-net-worth individual affiliated with the general contractor.
Civitas EB-5 Track Record
Civitas Capital Group is a private investment manager offering EB-5 investors compelling, niche opportunities in U.S. real estate.
We have worked with more than 1,600 EB-5 investors across 50+ countries over the past 15 years.†
We have a gross transaction volume of $3.3 billion in capital. We have raised nearly $940 million in EB-5 capital and returned more than $480 million in capital to eligible EB-5 investors.†
Our firm is grounded in its core values to create opportunities that enrich our investors, our employees, and our communities.
50+
EB-5 funds
1,600+
EB-5 Investors
100%
EB-5 Project Approval Rate
I-829 Approval Rate‡
1,200+
I-526 / I-526E Approvals
$480MM+
Capital Returned to Investors
50+
Managing Relationships with Investors in 50+ Countries
† Data as of September 18, 2025. ‡ The 100% USCIS approval rate for Civitas-affiliated I-829 petitions referenced herein refers to petitions which USCIS has fully adjudicated as of the date hereof, and accordingly does not include petitions which (i) have not yet been adjudicated; (ii) were voluntarily withdrawn or abandoned by the petitioner; or (iii) are in any stage of appeal from an initial adjudication. The success of Civitas-affiliated petitions adjudicated to date does not guarantee success in future cases. § Founder and Chief Executive Officer Dan Healy sits on the IIUSA board, but is not a judge. Co-Founder and Managing Director Rafael Anchia and Managing Director, Legal & Head of Investor Experience Mine Ekim sit on the IIUSA public policy committee.
Project Location: Silverthorne, Colorado
HOME TO THE MOUNTAIN TOWNS OF THE COLORADO ROCKIES PLAYGROUND3,4
“Rockies Playground” refers to Colorado’s central high country, renowned for year-round world-class outdoor recreation.
- NO. 1 ski destination in the U.S., for leisure skiing and expert skiing in particular3
- 7th among U.S. states in terms of real GDP growth in 20234
- 28 ski resorts3, including six in Summit County area5
- $28.3B tourism spending in 2023 (up 3.9% from 2022)6

A. Uncovercolorado.com, The Ski Resorts in Summit County B. Beaverrun.com, Ski in ski out C. Unofficialnetworks.com, A Traveler’s Guide To Silverthorne, Colorado
3. Colorado.com, Colorado Ski Resorts: Snow's Perfect State 4. Wikipedia.com, Summit County 5. Commonsenseinstituteus.org, Colorado’s 2023 Economic Performance Index 6. Colorado.gov, Colorado’s Strong Tourism Industry Continues to Grow Colorado Tourism Office, “Colorado’s Tourism Economy Saw Growth in 2021 According to Annual Research Reports,” July 14, 2022.
THE SUMMIT COUNTY AREA
Summit County is a haven of natural beauty, featuring a 14,000-foot peak, crystal-clear lakes, and vibrant Aspen groves.
- $4B GDP of Summit County in 20227
- 35.5% higher median income in Summit County compared to U.S.8
- $106K median household income, with 5.61% increase since 20229

7. Stacker.com, How Summit County, Colorado's GDP has changed since 2018 8. USAFacts.org, What is the income of a U.S. household county summit county 9. Datausa.io, Summit County, CO.
FOURTH STREET NORTH APARTMENTS
The property includes 72 apartments across four three-story buildings surrounding a public plaza with 10,757 RSF of ground-floor and standalone retail. The exterior will feature contemporary mountain-style finishes, blending stone and woodgrain siding, and will complement nearby developments like the Silverthorne Performing Arts Center and Fourth Street Crossing condominiums.

4thStN, FinalSitePlan
Project Renderings10



10. Renderings are subject to change.
Job Creation11
662
expected jobs to
be created
138%
of job requirement
expected to be satisfied
ALL
of requirement expected to
be satisfied by construction
phase
11. Job creation estimates are calculated by an independent, third-party econometric consultant using the Regional Dynamics (REDYN) model – a dynamic, computable general equilibrium model used to measure the economic and employment impacts of development projects across regional economies. REDYN is one of the input-output modeling tools recognized by U.S. Citizenship and Immigration Services (USCIS) for use in EB-5 job creation analyses. There is no guarantee that job creation projections will be achieved.
Project Timeline12

2025
Q4 construction
start

2027
Q2 first delivery and
start of lease-up

2028
Q1 stabilization &
ongoing operations

2028
Q4 expected initial
loan maturity
12. Project timeline is subject to change. This document is provided on a confidential basis and does not constitute an offer or recommendation to sell, or solicitation of an offer to buy, any securities, investment products, or investment advisory services.
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