Make the batter: In a bowl, whisk almond flour, coconut flour, baking powder, and spices.
In another bowl, beat eggs, almond milk, vanilla, molasses, butter, and sweetener. Combine wet and dry until smooth.
Cook: Heat nonstick skillet over medium-low. Pour ¼ cup batter per pancake. Cook 2–3 minutes per side until golden and set.
Make frosting: Beat cream cheese, butter, erythritol, vanilla, and heavy cream until creamy and spreadable.
Assemble: Stack pancakes and drizzle frosting over the top. Sprinkle with cinnamon or crushed pecans if desired.