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The Leading Platform for C-PACE Financing

Agricultural | Hotel | Industrial | Multifamily | Office | Retail | Self Storage | Senior Living | Specialty | Student Housing

Connect with a Clearwater PACE Advisor Today!

Clearwater PACE is a New York-based C-PACE Financing technology platform comprised of former investment bankers and real estate private equity investors focused on arranging and structuring C-PACE financing for commercial real estate projects across all asset types and geographies throughout the U.S. on behalf of real estate developers and owners.

Our Core Values: INTEGRITY TRANSPARENCY TRUST EXCELLENCE EXECUTION

1 Years
of Experience
$ 1 B
Total Deal Experience
1 +
C-PACE Capital Relationships
1 %
Client Focused

The PACE Financing Process

1. Term Sheet

We can provide funding, obtain senior lender consent and guide you through the PACE process. We’ll look at your project’s details—location, property appraisal and construction budget—to determine the approximate amount you qualify for. Typically, PACE can cover about 25% of your project’s construction hard and soft costs.

2. Underwriting

Before you can receive funding, you’ll need to be approved by your local PACE program. Your Clearwater Capital Advisor will help you work with an energy auditor, typically from a third-party engineering firm, to identify measures within your existing budget that justify the amount of funding you’re seeking.

3. Funding

Depending on your state and municipality, the approval process averages 30-60 days. Once you’ve received approval from the PACE Administrator, we can close quickly. PACE typically closes at the same time as remainder of construction capital stack, and proceeds are disbursed as the cost of the improvements are incurred.

Repayment

PACE financing is non-recourse and tied to the property. As such, PACE is repaid through a special assessment collected with property taxes, and the energy savings typically cover the cost of the loan. Hotel owners can pass the cost to guests in a tax on their bill, and triple-net leases can pass it to commercial tenants if they wish.

Eligible Property Types Include: Hotel Multifamily Senior Living Student Housing Retail Office Industrial Self Storage Agricultural Specialty

By the Numbers

1 %
pace-to-value
1 %
combined ltv
1 %
non-recourse

C-PACE CAPITAL PROVIDERS


Clearwater has well-established relationships with C-PACE Capital Providers and consenting Lenders, including banks, credit unions, life insurance companies, and debt funds.
Submit a Clearwater PACE Financing Request