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Our Story.

Established in 2019, Clearwater PACE (“Clearwater”) is a C-PACE balance sheet lender focused on arranging and structuring C-PACE (Commercial Property Assessed Clean Energy) financing across all asset types and geographies throughout the U.S. on behalf of commercial real estate owners and developers seeking a cost-effective alternative to Mezzanine Debt or Preferred Equity for new construction, retroactive, and value-add projects. Through our C-PACE program, Clearwater provides low-cost, fixed-rate, non-recourse funding for all commercial property types.

C-PACE Financing is a state legislated program that allows owners and developers to finance construction improvements through an optional property assessment.

To learn more about our full lineup of PACE loans and commercial construction lending options, contact Clearwater PACE at [email protected] to schedule a free consultation with a Clearwater PACE Advisor. We look forward to the opportunity to work with you.


Jonathan Seabolt is the Founder and Managing Partner of Clearwater PACE, LLC (“Clearwater”). Before launching Clearwater, Mr. Seabolt was the Director of Real Estate Investments at a New York-based investment management firm. Mr. Seabolt has been involved in $10+ billion of real estate debt and equity investments up and down the capital structure, across all asset types and geographies on behalf of developers, owners, and institutional investors globally.

Mr. Seabolt has over 15 years of professional experience. His real estate career began in 2006 after successfully raising capital and launching a real estate investment firm focused on acquiring, repositioning, and disposing of distressed residential assets. As an Adjunct Professor within the graduate school at NYU, Mr. Seabolt co-teaches a course centered on Investing in Distressed Real Estate Situations. In addition to earning an MBA in Finance & Accounting, Mr. Seabolt’s credentials include a Master’s in Real Estate Finance and Investments from NYU where he graduated as a Hirsh Scholar.

Mr. Seabolt launched Clearwater to disrupt the transactional nature of commercial real estate finance, seeking to create a client-first, frictionless, and transparent financing experience for real estate developers, investors, and owners based on his well-established relationships in the capital markets.

Jonathan Seabolt, Founder & CEO

We are a client focused organization with significant deal experience.

Our team of Capital Advisors has executed deals ranging from $2 million to $1+ billion-dollar transactions on high-quality assets backed by top-quality sponsors. We have underwritten all property types in primary, secondary, and tertiary markets, giving us a unique ability to place debt and equity with the proper capital source. The Clearwater team collectively brings a nuanced understanding of commercial real estate finance coupled with their well-established relationships in the capital markets to ensure every client is offered the most competitive terms and most reliable executions in the debt market, regardless of deal size.



We are former bankers and lenders who specialize in arranging commercial real estate loans across all asset types and geographies up and down the capital structure to provide our clients with the most competitive terms and reliable executions in the debt capital markets.


We maintain several relationships with Limited Partners and Institutional Investors who seek to invest passively on a direct acquisition, joint-venture, discretionary fund basis that efficiently enables sponsors to acquire or recapitalize an asset.


We source subordinated financing to increase overall leverage for our clients who wish to maximize their returns, reduce risk, and/or generate liquidity. We work with capital sources who specialize in providing Mezzanine Debt or Preferred Equity.

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