Director, CRE Originations

About Clearwater PACE

Clearwater PACE, LLC (“Clearwater”) is a New York–based, institutionally backed direct lender providing C‑PACE financing nationwide across all commercial real estate asset types. Our capital supports ground‑up development, value‑add repositioning, adaptive reuse, and recapitalizations of recently completed projects.

Led by seasoned real estate credit and structured finance professionals, Clearwater structures customized, credit‑driven financing aligned with sponsor objectives, supported by fully assumable loan features and flexible prepayment terms. When paired with more expensive senior or bridge debt, C‑PACE provides a cost‑effective source of capital that lowers WACC and strengthens the overall capital stack.

We seek to hire the best and the brightest. Our team operates with autonomy, accountability, and a solutions‑oriented mindset, contributing directly to the growth of a high‑performance platform at the center of energy transition and structured‑credit innovation.

Director or Managing Director (Director/MD) – Originations Team

The Director/MD will take ownership of sourcing, underwriting, and executing C‑PACE transactions across ground‑up developments, major redevelopments, adaptive‑reuse projects, energy‑efficiency retrofits, and recapitalizations. This is a full‑cycle mandate covering origination, capital‑stack structuring, senior‑lender consent coordination, and seamless execution alongside underwriting, legal, servicing, and capital markets teams. Candidates should bring a sophisticated command of construction budgets, fund‑control mechanics, draw sequencing, contractor diligence, and cost‑to‑complete analysis, given the role's construction‑heavy nature.

The position requires a seasoned producer with an established network of developers, property owners, senior construction lenders, real estate capital advisors, and municipal partners. The Director/MD will represent Clearwater in the market, drive new business generation, expand coverage across high‑growth regions, and help strengthen Clearwater’s position as a leading institutional C‑PACE platform. Strong credit judgment, advanced financial modeling, and the ability to navigate intercreditor and execution dynamics are essential.

This is an entrepreneurial, high‑autonomy seat within a fast‑scaling structured‑credit platform where performance and execution drive long‑term success.

• Lead the origination and structuring of C‑PACE and complementary construction‑focused commercial credit products from initial inquiry through closing.
• Develop and maintain a robust self‑generated pipeline across development‑heavy asset classes, including but not limited to hospitality, multifamily, industrial, retail, self‑storage, and adaptive reuse projects.
• Position C‑PACE within complex capital stacks that include Senior Loans, Mezzanine Debt, Preferred Equity, EB‑5, Tax Credits, Grants, and other structured products.
• Serve as a market‑facing representative of Clearwater with Sponsors, Capital Advisors, and Lenders.
• Underwrite construction‑stage risk with fluency across GMP and cost‑plus contracts, budgets, schedules of values, change orders, contingency structures, long‑lead items, and cost‑to‑complete analysis.
• Evaluate general contractor qualifications, subcontractor strength, bonding capacity, and historical delivery performance.
• Interpret and validate development proformas, sources and uses, delivery timelines, and construction cash flows.
• Partner with senior construction lenders to align fund‑control mechanics, inspection cadence, draw timing, and lien‑release processes.
• Lead senior‑lender consent negotiations, including intercreditor mechanics, payment‑instructions protocol, cure periods, and standstill rights as they relate to construction workflows.
• Identify and de‑risk execution bottlenecks, including permitting, contractor turnover, material escalation, redesigns, and financing timing.

• Architect C‑PACE solutions that integrate cleanly with active or planned construction, ensuring compliance with state program rules and internal credit standards.
• Work closely with…