Belmont Savings Bank has finalized a $11.7 million loan to Belgrade Place, a 39-unit apartment complex in West Roxbury, the first high-end multifamily complex to be built in the neighborhood in 40 years.

"With Belgrade Place, the West Roxbury community has a terrific new complex providing much needed housing to families and individuals, including working professionals," Keith Andre, senior vice president-commercial real estate lending of Belmont Savings Bank, said in a statement.  "We are excited to be working with Michael Barsamian on Belgrade Place, and we will continue establishing working relationships with other developers in an effort to provide Greater Boston residents with a convenient place to live as well as easy access to local area amenities and downtown Boston."

Developed by Barsamian, the founder of Lord’s & Lady’s Hair Salons, the apartment complex features 39 luxury studios, one-, two- and three-bedroom apartments ranging from 540 to 1,560 square feet.  Belgrade Place offers amenities including secure garage parking, video security, in-unit laundry, central air conditioning, elevator in building, stainless steel appliances and granite countertops.

The $11.7 million loan – introduced to Belmont Savings Bank from Michael Surprenant of Goedecke & Co. LLC – will be used as permanent financing for the complex, particularly to pay off construction of the apartments, according to a statement. 

The complex opened at the beginning of August.