University Place Asset Management and Axonic Capital Provide $97.5M Senior Construction Financing for Dallas Luxury Condominium Project

University Place Asset Management and Axonic Capital provided a $97.5 million senior construction loan to developer One Turtle Creek LP for Rosewood Residences Turtle Creek, a 17-story luxury condominium project in Dallas's historic Turtle Creek neighborhood. The loan will refinance the existing construction loan, replenish interest reserves, and provide capital to complete the development. The project features 33 ultra-luxury condominiums and various amenities, with completion expected in summer 2026.

University Place Asset Management (UPLAM) and Axonic Capital LLC (Axonic) have announced the closing of a $97.5 million senior construction loan to developer One Turtle Creek LP for Rosewood Residences Turtle Creek, a 17-story luxury condominium project in Dallas's historic Turtle Creek neighborhood. The loan will refinance the existing construction loan, replenish interest reserves, and provide the capital needed to complete the development.

The project, which recently topped out, features 33 ultra-luxury condominiums ranging from 2,000 to 6,380 square feet, offering unparalleled views of the Dallas skyline and the scenic Turtle Creek neighborhood. Amenities include a rooftop oasis, infinity pool, private garden, private dining room, secure dog park, and pet spa. The project is expected to be completed in summer 2026.

Ameesh Agarwal, Co-Founder & Chief Investment Officer for UPLAM, stated, "The building just recently topped out and sales are already exceptionally strong. We believe this is among the most luxurious residential projects in Dallas, which makes it an excellent investment in a thriving market." Eric Sitman, Managing Director and Portfolio Manager at Axonic, added, "Rosewood Residences Turtle Creek represents the premier turn-key luxury residences for high-end buyers in Dallas and aligns with the demographic trends we are observing in the market. We believe Rosewood is the perfect brand to appeal to not just local buyers, but also other domestic and international luxury homebuyers."

References:
[1] https://www.businesswire.com/news/home/20250806391700/en/CORRECTING-and-REPLACING-University-Place-Asset-Management-and-Axonic-Capital-Provide-%2497.5M-Senior-Construction-Financing-to-Developers-of-Rosewood-Residences-in-Dallas