CAMBRIDGE, MA— Patrick Barrett III, a Cambridge, MA developer and attorney, and partners T.O. and Timothy Johnson have secured $37.75 million in financing for The 907 Main Hotel, a 67-room boutique hotel to be built here.
The $37.75 million construction financing was originated and underwritten in a collaboration between GenX Capital Partners, a real estate investment banking firm and direct lender based in Miami, and Capital Stack CRE Finance, a commercial real estate financing intermediary headed by long time Boston-based real estate veteran Brian Sheehan. The transaction was funded by a New York City-based real estate hedge fund.
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