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Boston & New England  + Hospitality  |  June 20, 2019
David Cohen
By: David Cohen

GenX, CSCREF Provide $38M Construction Loan for Cambridge Hotel

GenX Capital Partners and Capital Stack CRE Finance provided a $37.7 million construction loan for The 907 Main Hotel, a 42,000-square-foot, 67-room boutique hotel in Cambridge’s Central Square.

The project is being developed by Patrick Barrett III, a Cambridge-based developer and attorney, along with partners T.O. and Timothy Johnson. The project will consist of a street level restaurant, a rooftop bar with views of downtown Boston and Toscanini’s Ice Cream, a longtime neighborhood ice cream parlor.

The financing was originated and underwritten in collaboration between real estate investment banking firm GenX and Capital Stack CRE Finance, a commercial real estate financing company. The transaction was funded by a New York-based real estate hedge fund. Terms of the financing were not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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