REBusinessOnline

Eugenie Terrace Associates Receives $125M Loan for Refinancing of Luxury Apartment Tower

CHICAGO — Eugenie Terrace Associates LLC has received a $125 million loan for the refinancing of Eugenie Terrace in Chicago. The 44-story tower includes 575 luxury apartment units. The building is located at 1730 N. Clark St. in Chicago’s Lincoln Park neighborhood. An international life insurance company provided the 10-year, fixed-rate loan. The building was originally constructed in 1988 and previously financed in 2007. Matthew Schoenfeldt and Mike Kavanau of HFF secured the loan and represented the borrower in the transaction.

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