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CHICAGO-The Chicago office of Holliday Fenoglio Fowler LP has secured $112.5 million in financing to retire an existing mortgage and for upgrades to the Eugenie Terrace Apartments, 1730 N. Clark St. The financing has a term of 10 years with a fixed rate. The interest rate was not disclosed. The lender is LaSalle National Bank.

The financing was secured for Eugenie Terrace Associates LLC; however, the property is owned by Village Green Cos., headquartered in Farmington Hills, MI, according to the company's website. The 44-story apartment building, in Chicago's Lincoln Park neighborhood, has 575 units that are currently 97% occupied. The building has studio, one-bedroom and two-bedroom units with an average of 845 sf and amenities that include a rooftop sundeck, outdoor heated pool, sauna, fitness center, clubroom, business center and concierge service, according to a released statement from HFF.

Rent for the units ranges from $1,126 for a 500-sf studio to $4,888 for a 2,100-sf, three-bedroom unit, according to figures on Village Green's website. Holliday Fenoglio Fowler referred questions on the property to management company Camco Properties, which did not return a phone call seeking comment. Senior managing director Mike Kavanau and director Matthew Schoenfeldt, with Holliday Fenoglio Fowler, worked on behalf of the owner to secure the financing.