Boston-based real estate development firm The Abbey Group has secured a three-year extension of financing from German lender Helaba Bank for the firm's 45 Province development in Boston's Downtown Crossing neighborhood.

According to a statement from Abbey, sales activity at the 32-story condominium tower was brisk over the summer, with a dozen units coming under agreement or sold since June.

"The Abbey Group's commitment to 45 Province and the Boston residential market has been unwavering," Christian Ritter, executive vice president of Helaba Bank, said in a statement. "We have great confidence in their product and in their new marketing team, and we are excited to continue to partner with them moving forward."

Banker & Tradesman