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Civitas Capital Secures $44 Million Loan for Colorado Housing Project

A $44 million senior loan will bankroll the initial infrastructure phase of Harvest Village, a master-planned community in Garfield County. The project, designed to add 452 housing units to the high-demand Aspen region, leverages its Rural Targeted Employment Area status to attract EB-5 investment capital ahead of a Q3 2026 construction start.

Civitas Capital Secures $44 Million Loan for Colorado Housing Project

The financing covers critical horizontal development, including a surface water treatment plant, sewer infrastructure, and necessary improvements to Highway 82 overseen by the Colorado Department of Transportation. By securing a Rural Targeted Employment Area designation, the project allows investors to enter at the $800,000 threshold while benefiting from priority I-526E petition processing and access to reserved rural visa quotas.

Civitas Capital Group is partnering with Realty Capital Partners, marking their third collaboration in the region. According to Jeff Kiser, Managing Director and Head of EB-5 Investor Relations, the developer’s track record with previous USCIS-approved projects serves as a key pillar for investor confidence. The development also includes a 52-acre conservation easement, a move intended to preserve local open space amid a market where the housing shortfall is projected to exceed 7,500 units by 2035.

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