American Legend Homes Deeds of Trust Cite $95M in Bank Debt
Three deeds of trust name $35M, $30M and $30M in principal. Four deeds moved lots to the builder from affiliates.
- Source Briefing
- Public record
American Legend Homes has eight recent clerk records across three Dallas-Fort Worth counties, and the three that state a dollar amount add up to $95 million of principal owed to banks. The figure is the principal each deed of trust recites, not new money drawn this month.
Why it matters
Homebuilders carry their lot inventory on bank credit, and the clerk index shows who holds the collateral. Here the lenders are Texas Capital Bank in Denton County, Wells Fargo Bank in Tarrant County and Regions Bank in Collin County. A fourth deed of trust, filed in Tarrant County on Oct. 21 to Southside Bank, states no amount. For lot sellers and trade contractors in the Dallas-Fort Worth market, the pattern shows a builder whose lots are pledged in several counties at once.
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The numbers
The Denton deed of trust, instrument 128894, was recorded Nov. 9 and cites $35,000,000 under a note modification dated Jan. 31, 2023. It covers five lots in Enclave & Arbors at Lakewood Village.
The Tarrant deed of trust to Wells Fargo, recorded Nov. 3, cites $30,000,000 and refers to a credit agreement, so it reads as a facility limit. The Collin deed of trust to Regions, also recorded Nov. 3, cites a $30,000,000 original principal amount on a note dated March 29, 2019, across 17 parcels.
Four deeds fill out the eight records. Affiliates conveyed lots to American Legend Homes in Tarrant (Oct. 21 and Nov. 3), Collin (Nov. 3) and Denton (Nov. 9). Texas deeds carry no sale price, so none is stated.
What’s next
Several recitals refer to older notes, so the $95 million may include debt that predates these filings and may overlap across lenders. Watch for releases of lien and for further lot conveyances, which would show how much inventory the builder is taking down and from whom.
Quick answers
- What is the latest on American Legend Homes in Dallas-Fort Worth?
- Eight clerk records since Oct. 21 show American Legend Homes pledging lots to Texas Capital, Wells Fargo, Regions and Southside, with $95M in stated principal.
- What are the key numbers for American Legend Homes?
- stated principal, three deeds of trust: $95M; Texas Capital Bank, Denton: $35M; clerk records since Oct. 21: 8; counties: Denton, Tarrant, Collin: 3.
- Where does the information on American Legend Homes come from?
- The story cites Denton County Clerk, deed of trust, instrument 128894, Tarrant County Clerk, deed of trust, recorded Nov. 3 and Collin County Clerk, deed of trust, recorded Nov. 3.
On the record
Denton deed of trust recorded Nov. 9, 2026 to Texas Capital Bank cites a $35,000,000 principal amount under a Third Note Modification Agreement dated Jan. 31, 2023, over five platted lots in Enclave & Arbors at Lakewood Village
Public record · denton.tx.publicsearch.us
Primary record
- Public recordTarrant deed of trust recorded Nov. 3, 2026 to Wells Fargo Bank cites a $30,000,000 principal amount tied to a credit agreementView the record on tarrant.tx.publicsearch.us
- Public recordCollin deed of trust recorded Nov. 3, 2026 to Regions Bank cites a $30,000,000 original principal amount on a note dated March 29, 2019, over 17 parcelsView the record on collin.tx.publicsearch.us