The vehicle, backed by Ares Alternative Credit funds, will enable Clearwater to deploy balance sheet capital into large-scale commercial real estate projects, targeting financings across hospitality, multifamily, mixed-use, and adaptive reuse assets. C-PACE is a financing model that allows property owners to fund energy efficiency and sustainability improvements through tax-linked assessments, creating long-duration, senior-secured loans with stable return profiles. The platform is designed to target transactions of $5m or more, with typical deal sizes ranging between $40m and $50m, and will support borrowers across more than 40 US states. As traditional real estate capital markets continue to adjust, C-PACE is increasingly being used alongside senior debt, mezzanine financing, and preferred equity to optimise capital structures. 'This initial close validates the institutional demand for C-PACE loans and further positions Clearwater to capture meaningful market share in an asset...
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