Mark Moskowitz Of University Place Asset Management And Clayton DeGiacinto Of Axonic Capital Provide $97.5M Loan To One Turtle Creek LP For Dallas Development Site

The asset involved in this transaction is a development site located at 2913 Fairmount Street in Dallas. The property is designated for an 18-story, 33-unit ultra-luxury condominium project known as Rosewood Residences Turtle Creek. The total loan amount for this construction financing is $97,500,000, which will be utilized for refinancing existing debt and completing the development of the project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $97,500,000
• Lender: Mark Moskowitz - University Place Asset Management; Clayton DeGiacinto - Axonic Capital
• Landlord: One Turtle Creek LP
• Loan Type: Construction

The deal involves prominent figures in the financing industry, Mark Moskowitz from University Place Asset Management and Clayton DeGiacinto from Axonic Capital, who provided the senior construction loan. Their collaboration supports the advancement of luxury residential options in the Dallas market through the Rosewood Residences Turtle Creek project.