Boston-based HFF has arranged a $123.6 million construction and permanent loan for a proposed multi-housing development on Boylston Street in Boston’s Fenway neighborhood.

Working on behalf of the borrower, The Abbey Group, HFF Managing Director Bob Herron and Director Porter Terry placed the loan with AXA Equitable through its advisor, Quadrant Real Estate Advisors. 

The 342-unit residence at 1282 Boylston St. will have metro suites, studios, one-, two- and three-bedroom units averaging 750 square feet each. Thirty-eight units will be designated affordable. Property amenities will include a fitness center, 24-hour concierge, a 10th floor common area roof deck with views of Fenway Park and a 260-space parking garage. There will also be 9,935 square feet of ground floor retail space and 2,700-square-foot community space. Construction is scheduled to be completed in summer 2015.