BOSTON-The Abbey Group is refinancing their 207-unit brownstone apartment complex–St. Germain Apartments–for $33.5 million. The locally-based developer is using the fixed-rate loan from Germany-based Landesbank Hessen-Thuringen Girozentrale on a maturing loan for the property. The other terms or length of the loan are undisclosed. The refinancing was arranged by senior managing director Bob Herron and director Greg LaBine from Holliday Fenoglio Fowler LP.

“Certainly we had a very high quality sponsor with a great product and a fantastic location,” LaBine explains. “So that definitely is what the lending community is looking for.”

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