Clearwater PACE , a subsidiary of AXCS Capital Inc., a Commercial Property Assessed Clean Energy (C-PACE) platform, announced the initial close of an up to $300 million C-PACE financing vehicle with capital provided by Ares Alternative Credit funds. The vehicle enables Clearwater to deploy balance-sheet capital into large-scale C-PACE financings across hospitality, multifamily, mixed-use and adaptive-reuse projects.
The initial close marks a significant milestone for Clearwater’s growth trajectory and reinforces its position as a leading institutional platform in the rapidly growing C-PACE market. The structure is designed to capitalize on the long-duration, low-risk characteristics of C-PACE loans and targets fixed-rate, long-tenor financings of $5 million or greater, with a target check size of approximately $40 million to $50 million per transaction. C-PACE allows property owners to finance energy-related upgrades through a tax assessment tied to the real estate itself,
