Axonic Capital and University Place Asset Management (UPLAM) have closed $97.5 million in senior construction financing for Rosewood Residences Turtle Creek, a branded condominium development in Dallas.
The financing replaces a prior loan and provides additional capital to support completion. Both firms saw strong alignment between the project’s positioning and sustained demand for luxury, amenitized living in key urban markets. With construction recently topping out and strong pre-sales in place, the property is viewed as a well-timed investment in a growing region.
Axonic’s ability to move quickly and structure the financing under tight conditions helped ensure continuity for the sponsor and broader project team.