Latest news with #AxonicCapital
Yahoo
06-08-2025
- Business
- Yahoo
University Place Asset Management and Axonic Capital Provide $97.5M Senior Construction Financing to Developers of Rosewood Residences in Dallas
Rosewood Residences Turtle Creek will be an 18-story, 33-unit luxury condominium project in historic Dallas neighborhood DALLAS, August 06, 2025--(BUSINESS WIRE)--University Place Asset Management ("UPLAM") and Axonic Capital LLC ("Axonic") today announced the closing of a $97.5 million senior construction loan to developer One Turtle Creek LP for Rosewood Residences Turtle Creek, a new luxury residential project in Dallas's historic Turtle Creek neighborhood. UPLAM and Axonic worked as co-lenders on the transaction, which will refinance the existing construction loan, replenish interest reserves and provide the capital required to complete the development of the condominiums. Other terms of the transaction were not disclosed. "The building just recently topped out and sales are already exceptionally strong," says Ameesh Agarwal, Co-Founder & Chief Investment Officer for UPLAM. "We believe this is among the most luxurious residential projects in Dallas, which makes it an excellent investment in a thriving market." The 18-story development will feature 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. In addition to a rooftop oasis and infinity pool, the project also offers a host of hospitality-focused amenities, including a private garden, private dining room, secure dog park and pet spa. "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," said Eric Sitman, Managing Director and Portfolio Manager at Axonic. "Axonic worked quickly and nimbly with the developer to provide this timely financing despite the challenging circumstances with the prior lender, ensuring that this in-demand development remains on track to be completed efficiently." Completion of Rosewood Residences Turtle Creek is anticipated in early 2026. For more information, please visit: About University Place Asset Management Founded by property owners, developers, and investors Mark Moskowitz and Ameesh Agarwal, University Place Asset Management ("UPLAM") is a forward-thinking global investment firm focused on alternative investments in real estate, credit and private equity. Its emphasis is on opportunistic, value-oriented, asset classes. For more information about UPLAM, please visit About Axonic Capital Founded in 2010, Axonic Capital is an alternative investment manager with expertise in commercial and residential real estate debt and equity, structured credit, and systematic fixed income. Axonic Capital manages over $6 billion in assets across a range of investment products, including private limited partnerships, separate accounts, and publicly listed mutual and interval fund structures. For more information, please visit View source version on Contacts UPLAM/Media: Linda AlexanderLinda@ (917) 881.5360 For Axonic: Axonic Capital Investors: Stephanie Naratil(212) 847-3242 Axonic Capital Media: Josh Clarkson / Rachel GounProfile Advisorspro-axonic@
Yahoo
25-05-2025
- Business
- Yahoo
Need for More Fiscal Austerity: Axonic's Cecchini
Axonic Capital Principal and Head of Research Peter Cecchini says tariffs and fiscal setup add a risk of uncertainty in credit and fiscal austerity is required. He speaks with Vonnie Quinn on "Real Yield." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
23-05-2025
- Business
- Bloomberg
Need for More Fiscal Austerity: Axonic's Cecchini
Axonic Capital Principal and Head of Research Peter Cecchini says tariffs and fiscal setup add a risk of uncertainty in credit and fiscal austerity is required. He speaks with Vonnie Quinn on 'Real Yield.' (Source: Bloomberg)
Bloomberg
24-04-2025
- Business
- Bloomberg
Investment Firm Axonic Capital Said to Explore Strategic Options
Axonic Capital, a firm that invests in mortgage-backed securities and other structured products, is exploring strategic options including the sale of a controlling stake, according to people with knowledge of the matter. The New York-based firm, which managed $6.3 billion in assets as of March 31, is working with an adviser to solicit interest from potential buyers of the stake, said the people, who asked not to be identified discussing private information. No final decisions have been made and it's possible a transaction does not materialize.
