BOSTON- Holliday Fenoglio Fowler secured a $48million, mini-permanent loan on behalf ofBoylston Properties Company, according to astatement from the company. The funds will be used for developmentof a 175-room Residence Inn by Marriott hotelproperty to be located at 121 Brookline Avenue. Theneighborhood is adjacent to Fenway Park, at close proximity to theretail and restaurants of Boston’s Bay Bay and South End areas.

An HFF statement indicated that the Residence Inn is slated for2013 completion and will have select service and extended stayoptions in studio, one- and two-bedroom guestrooms. Other hotelamenities include a breakfast area, lounge and bar, 700-square-footmeeting room, indoor rooftop pool and a fitness center.

Greg LaBine, director with HFF, was on the team that worked onbehalf of Boylston Properties and was quoted as saying about thetransaction: “While hotel construction financing can be challengingin the current marketplace, the combination of premier Bostonlocation, top brand and high quality sponsorship made this anattractive loan opportunity.”