Add all of the pancake ingredients to a food processor or blender. Blend until completely combined and smooth. Let sit for at least 5 minutes.
Meanwhile, melt butter in the microwave. Stir in sugar, water, cinnamon, and vanilla extract. Set aside.
Heat a large non-stick skillet or griddle over medium heat.
Add pancake batter to pan {it makes about two regular sized pancakes}. Using a teaspoon, swirl the cinnamon swirl mixture onto the pancake. Cook for about 4-5 minutes or until tiny bubbles form on the top of the pancake.