Axonic Capital Provides Key Construction Financing for Dallas Project

Axonic Capital LLC, in partnership with University Place Asset Management (UPLAM), has successfully closed a $97.5 million senior construction financing deal for the Rosewood Residences Turtle Creek, a branded luxury condominium development in Dallas. This new financing arrangement replaces a previous loan, offering additional funds necessary for completing the project. The firms recognized the strategic timing, given the strong demand for sophisticated urban living, ensuring the financing aligns with current market conditions. The project has made significant progress with construction recently reaching its peak and robust pre-sales activity underway, highlighting its value in a thriving region. Axonic demonstrated a commendable ability to maintain momentum and structure the deal under tight conditions, facilitating continuity for the project's sponsor and the broader team.