When the capital markets crack, smart capital structures don’t.
We’re in an environment where traditional lending sources have tightened, equity is expensive, and developers are left reevaluating how to bridge the growing gap between cost and capitalization. In this moment, C-PACE isn’t just a tool; it’s a strategic solution.
At Clearwater, we’ve seen firsthand how Commercial Property Assessed Clean Energy (C-PACE) financing has evolved from a niche sustainability product into a core layer of the capital stack. Designed to fund energy efficiency, renewable energy, and resiliency improvements, C-PACE offers long-term, fixed-rate, nonrecourse financing, often up to 30 years, on a tax-assessed basis.
However, what makes it particularly powerful right now is its position in the capital structure. C-PACE typically comes in behind the senior lender, without requiring equity dilution or personal guarantees. In a market dislocated by rate volatility and retrenching credit, that structure delivers real leverage without the usual strings.
We’re helping developers, owners, and capital partners across the country unlock value, recapitalize stalled projects, and creatively structure around a tighter debt box. Whether it’s backfilling a basis gap, replacing high-cost pref, or closing a construction loan, Clearwater brings institutional execution to a fast-moving market.
Capital may be constrained, but creativity isn’t.
ABOUT CLEARWATER
Clearwater is a New York-based national direct lender specializing in C-PACE Financing for Commercial Real Estate, spanning all asset types and geographies across the U.S. We offer low-cost, fixed-rate, long-term loans ideal for new construction or recapitalizations of recently completed projects. Our team of seasoned real estate investment professionals, with extensive expertise in structured finance, crafts tailored solutions that align with the Sponsor’s needs, including hedging away negative arbitrage and flexible prepayment options.
For more information, please visit us at www.c-pace.com or email us at info@c-pace.com.
© Clearwater PACE, LLC 2025. All Rights Reserved.
Clearwater is an institutionally capitalized direct C-PACE lender focused on deploying fast, flexible capital for bold, sustainable projects spanning all asset types and geographies across the U.S.
© Clearwater PACE, LLC 2026. All Rights Reserved.
