C-PACE.com
Clearwater PACE is a direct, institutionally capitalized C-PACE lender providing long-term, fixed-rate, non-recourse financing to commercial real estate developers, sponsors, and owners for energy efficiency and resiliency improvements across 40+ U.S. states.
- Company typePrivate
- Founded2011
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What C-PACE.com does
Clearwater PACE, LLC, operating as C-PACE.com, is a direct, institutionally capitalized commercial real estate lender specializing in Commercial Property Assessed Clean Energy (C-PACE) financing. Founded in 2011 and headquartered in New York with a Los Angeles office, the company originates long-term, fixed-rate, non-recourse financing (terms up to 30 years) to commercial real estate developers, sponsors, and owners for energy efficiency, water conservation, renewable energy, and resiliency improvements across 40+ active U.S. state programs plus Washington, D.C. The C-PACE mechanism funds qualifying improvements as a senior-secured, non-accelerating tax assessment that transfers with the property, sits senior to all debt except real estate taxes, and is repaid through the property tax bill. Minimum check size is $5M, with deal sizes ranging up to $300-500M.
The platform differentiates structurally rather than technologically. Its proprietary features include A-Note/B-Note layering — where the B-note sits subordinate to the A-note but senior to other property debt — and the recently launched Stretch PACE construct that combines A-Note and B-Note tranches to achieve 55-65%+ loan-to-cost in select jurisdictions such as Florida, effectively competing with stretch senior and mezzanine capital. Up to 90% LTC is achievable on new construction and value-add (C-PACE plus senior mortgages), and up to 95% LTC on retrofit projects, with standard C-PACE capped at 40% LTC or 35% LTV (lesser of). Capital is sourced from an institutionally backed committed capital vehicle, most recently reinforced by a $300M Ares Management commitment in April 2026; the team additionally leverages an affiliation with AXCS Capital for cross-capital-stack structuring.
Revenue derives primarily from interest income on originated loans held on balance sheet and from origination and funding fees, with potential ancillary advisory revenue through AXCS Capital. The go-to-market is exclusively direct institutional sales — no broker intermediation — with preliminary terms delivered within 24 hours and a $1.5B+ pipeline as of mid-2025. The company is led by CEO Jonathan Seabolt and a small senior team, targeting CRE sponsors across hospitality, multifamily, industrial, office, retail, senior living, student housing, nonprofit, and special-purpose asset classes nationwide.
C-PACE.com firmographics
Firmographics- Name
- C-PACE.com
- Legal name
- Clearwater PACE, LLC
- Website
- https://c-pace.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Clearwater PACE is a direct, institutionally capitalized C-PACE lender providing long-term, fixed-rate, non-recourse financing to commercial real estate developers, sponsors, and owners for energy efficiency and resiliency improvements across 40+ U.S. states.
- Ownership category
- akta.pro rank
C-PACE.com industry classification
Industry- Product category
- Commercial Real Estate Green Financing
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Energy Efficiency & Green Retrofit Financing (FSALAHAK)
- akta.pro secondary industries
- Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH), Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)
Keywords
Where C-PACE.com is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
C-PACE.com business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- C-PACE Loan Interest and Fees: Clearwater PACE generates revenue through originating and servicing C-PACE loans as a direct balance sheet lender. Revenue derives from interest income on long-term fixed-rate loans (20-30 year terms) and associated loan origination and funding fees. The company is institutionally capitalized and originates from its own balance sheet without broker intermediation.
- Capital Stack Advisory Services: Through affiliation with AXCS Capital, Clearwater provides structuring and capital markets expertise to optimize sponsor capital stacks, potentially generating advisory and structuring fees alongside loan origination.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | New Construction / Value-Add: Up to 90% LTC (C-PACE + Mortgages), 30% LTV max for new construction/rehab based on as-stabilized value |
| Transaction based/ take rate | Multi-year contract | Retrofit Projects: Up to 95% LTC (C-PACE + Mortgages), 35% LTV max for retrofit based on stabilized value |
| Transaction based/ take rate | Multi-year contract | Standard C-PACE: Up to 40% LTC or 35% LTV, lesser of |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
C-PACE.com product offering
Product offeringCore offering
Clearwater PACE is a direct, institutionally capitalized C-PACE lender originating long-term, fixed-rate, non-recourse senior-secured financing for energy efficiency, water conservation, renewable energy, and resiliency improvements to commercial real estate. Financing is structured as a property tax assessment line item with terms up to 30 years, serving new construction, value-add/retrofit, and refinance use cases across 40+ active state programs plus D.C.
Product overview
Clearwater PACE operates as an institutional C-PACE financing platform providing long-term, fixed-rate, non-recourse financing backed by property tax assessments. The core product is C-PACE Financing, which encompasses New Construction, Value-Add/Retrofit, and Refinance use cases. The platform recently introduced Stretch PACE as an innovative extension combining A-Note and B-Note structures to achieve 55-65% LTC. The offering covers energy efficiency, water conservation, renewable energy, and resiliency improvements across 40+ states with minimum deal sizes starting at $5 million.
Differentiator
Problem solved
Functional benefit
Products and services
- C-PACE Financing Long-term, fixed-rate, non-recourse C-PACE financing for commercial real estate energy efficiency, water conservation, renewable energy, and resiliency improvements. Repaid as a line item on the property tax bill with terms up to 30 years. Targets commercial real estate developers, owners, and institutional sponsors across all asset types nationwide.
- Stretch PACE Extended leverage C-PACE structure combining A-Note (traditional tax-lien senior, ~40% LTC) with a B-Note (subordinate tranche) to reach 55-65%+ LTC, available in select jurisdictions like Florida. Designed for CRE sponsors seeking to replace stretch senior or mezzanine capital in the capital stack.
Quantifiable outcome
- Rates 50% less than mezz/pref alternatives
- +6 more outcomes
Companies that use C-PACE.com
Customer profileSegments5 records
Ideal customer profiles2 records
C-PACE.com technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
C-PACE.com partnerships and signals
Strategic signalScale indicators11 records
Recent moves5 records
C-PACE.com competitors and assessment
Company assessmentOthers
- Ares Management: Global alternative investment manager that recently committed $300M to Clearwater PACE. Functions as capital partner and credit allocator in the C-PACE ecosystem rather than direct competitor, but relevant given its scale and influence on Clearwater's deployment capacity.
Direct peers
- CleanFund Commercial PACE Capital: Direct C-PACE capital provider financing commercial energy, water, and resiliency improvements. Similar product set (new construction, retrofit, refinance) targeting CRE sponsors.
- CastleGreen Finance: Specialty C-PACE lender focused on energy efficiency and resiliency upgrades for commercial real estate. Comparable deal-size range and sponsor customer profile.
- Greenleaf Capital: Specialty finance firm providing C-PACE and other structured capital for commercial real estate sustainability projects. Comparable in product structure and institutional sponsor focus.
- Petros PACE Finance: One of the largest direct C-PACE lenders in the U.S., originating senior-secured C-PACE financing nationwide for new construction and retrofits. Closest direct competitor to Clearwater given similar balance-sheet direct-lender model and institutional positioning.
- PACE Equity Group: Direct C-PACE lender providing long-term fixed-rate financing for commercial energy efficiency and resiliency projects. Competes head-to-head with Clearwater on multi-state originations and similar institutional sponsor customer base.
- Nuveen Green Capital: Subsidiary of Nuveen/TIAA, one of the largest and most established institutional C-PACE lenders. Same direct balance-sheet model and target customer (institutional CRE sponsors), with materially deeper capital base from its parent.
- Counterpointe Sustainable Real Estate: Direct C-PACE lender (formerly C-PACE Capital, now part of Climate First Bank) focused on origination for institutional-grade commercial properties. Comparable in product breadth and customer targeting to Clearwater.
- Renew Financial: One of the original large-scale PACE program administrators and financiers, operating both residential and commercial PACE. Direct overlap in commercial C-PACE origination with Clearwater, though broader in scope.
- Ygrene Energy Fund: PACE financing provider active across multiple states, offering C-PACE and other property-improvement financing. Direct competitor for sponsor-led commercial PACE originations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
C-PACE.com social profiles
Digital presenceC-PACE.com financial estimates
Financial estimateRevenue estimate
Valuation estimate
C-PACE.com leadership team
Management profileNumber of profiles
Profiles7 records
C-PACE.com funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
C-PACE.com M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about C-PACE.com
What does C-PACE.com do?
Clearwater PACE is a direct, institutionally capitalized C-PACE lender originating long-term, fixed-rate, non-recourse senior-secured financing for energy efficiency, water conservation, renewable energy, and resiliency improvements to commercial real estate. Financing is structured as a property tax assessment line item with terms up to 30 years, serving new construction, value-add/retrofit, and refinance use cases across 40+ active state programs plus D.C.
Is C-PACE.com a public or private company?
C-PACE.com is a private company. It is classified as private equity controlled and is currently operating.
When was C-PACE.com founded?
C-PACE.com was founded in 2011. It employs 1 to 10 people.
Where is C-PACE.com based?
C-PACE.com is headquartered in New York, United States, in the North America region.
How does C-PACE.com make money?
Two revenue lines are on record. C-PACE Loan Interest and Fees are the primary driver. The others are capital Stack Advisory Services.
Who are C-PACE.com's main competitors?
Ares Management is listed as an others. Direct peers are CleanFund Commercial PACE Capital, CastleGreen Finance, Greenleaf Capital, Petros PACE Finance, PACE Equity Group, Nuveen Green Capital, Counterpointe Sustainable Real Estate, Renew Financial and Ygrene Energy Fund.
Does C-PACE.com have an API?
No public API is recorded for C-PACE.com.
What industry is C-PACE.com in?
C-PACE.com's product category is Commercial Real Estate Green Financing. Its primary akta.pro industry code is FSALAHAK, Energy Efficiency & Green Retrofit Financing, with a secondary code of FSALADAH, Construction & Development (C&D) Lending — Commercial/Multifamily. Its NAICS code is 525 and its SIC code is 6162.