Director / MD, CRE Construction Lending Originations

ABOUT CLEARWATER

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.

SUMMARY

Clearwater PACE is seeking a senior investment professional to join the Originations team as Director or Managing Director (“Director / MD”). The role is designed for a high-caliber commercial real estate finance practitioner with deep construction-lending expertise, strong institutional relationships, and a proven ability to structure and close complex capital-stack solutions.

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.

KEY RESPONSIBILITIES

Origination

• 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.

Construction Lending Expertise

Deal Structuring

Relationship Management

QUALIFICATIONS & EXPERIENCE

COMPENSATION & BENEFITS

Clearwater offers a highly competitive compensation package that includes a base salary and a performance-based bonus. Compensation is commensurate with experience and aligned with market benchmarks for senior real estate investment professionals.

The firm offers a comprehensive benefits suite, including health, dental, and vision coverage, along with a 401(k) retirement plan. This role follows a hybrid schedule with flexibility based on responsibilities and business needs.

EQUAL OPPORTUNITY EMPLOYER

Clearwater is committed to a diverse, inclusive, and equitable workplace grounded in integrity, collaboration, and respect. We welcome applicants from all backgrounds and are proud to be an equal opportunity employer. Only candidates selected for further consideration will be contacted.