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ABINGTON, MA-The new luxury apartment complex, Abington Woods, is garnering a $30.7-million first mortgage from Boston-based Fantini&Gorga. The Heritage Co.–headquartered in Quincy, MA–is the developer of the 180-unit multifamily, which delivered in early 2008.

The 16-building complex sits on 36 acres of land just off route 18 here. The brand new apartments boast granite countertops, hardwood floors, electric fireplaces, stainless steel appliances, as well as unit-specific washers and dryers. Rent starts at $1,625 for a two-bedroom/two-bath suite, according to their website. The Heritage Co. could not be reached for comment.

Tim O’Donnell, principal at Fantini&Gorga, says in a release, “Particularly given the current turmoil in the capital markets, it was terrific to see our lender fix the rate at application and proceed smoothly to a closing.” The lender is an affiliate of Eastern Bank that specializes in arranging debt, mezzanine and equity financing for commercial property. Fantini&Gorga did not respond to GlobeSt.com inquiries by deadline.

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