HFF has arranged a $48 million construction loan for the development of the eight-story, 175-room Residence Inn by Marriott on Brookline Avenue in Boston.

The hotel will be located at 121 Brookline Ave. in the Fenway neighborhood and is due to be  completed in June 2013 by developer Boylston Properties Company, Inc.

The inn will provide extended stay options in studio, one- and two-bedroom guestrooms. The property will also feature 6,000 square feet of ground-floor retail and underground parking.  Hotel amenities include a breakfast area, lounge/bar, 700-square-foot meeting room, indoor rooftop pool, fitness center and outdoor terrace on the top floor.

Senior managing directors Fred Wittmann and director Greg LaBine led the HFF team, which  represented Boylston Properties Company, Inc. in the transaction, securing a three-year, floating-rate construction loan through US Bank. 

"While hotel construction financing can be challenging in the current marketplace, the combination of premier Boston location, top brand and high quality sponsorship made this an attractive loan opportunity," said LaBine in a statement.  "Even with those positive attributes, US Bank needed to show great flexibility and imagination at key points in the process in order to get this financed."