GenX Capital Partners in collaboration with Capital Stack CRE Finance has underwrote and closed a $37.75 million construction loan with a N.Y. real estate hedge fund for 907 Main boutique hotel in Cambridge, Mass.
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 out of Miami, and Capital Stack CRE Finance, a commercial real estate financing intermediary headed by long-time Boston based real estate veteran Brian Sheehan, who has in excess of $1 billion in closings under his belt. The transaction was funded by a New York based real estate hedge fund, which provided speed, favorable leverage and rates and terms comparable to area banks.
The 907 Main Hotel is a $45 million, upscale boutique hotel p
