Pacesetter Homes Adds Celina Lots to $16M SouthStar Credit Line
Two same-day filings show the builder pledging new lots to one revolving facility, lot by lot.
Pacesetter Homes pledged new lots in Celina and a second Collin County subdivision to its SouthStar Bank credit line on Oct. 16, 2026. The builder recorded two supplements to a master deed of trust that day, and each one cites a loan agreement with a maximum principal amount of $16M.
Why it matters
A supplement to a master deed of trust adds new lots as collateral under a credit line that already exists. It is not a new loan. Builders use this structure to draw on one revolving facility as they move lots from purchase to construction. Two supplements in one afternoon show Pacesetter feeding fresh Collin County lots into that line on a working schedule, which is the clearest public signal of where the builder plans its next starts.
The numbers
Instrument 2026000138334, recorded at 12:09 p.m., names SouthStar Bank SSB as lender and covers lots including Lot 7, Block G of La Terra Phase Two in Celina. Instrument 2026000138513, recorded at 3:38 p.m., names SouthStar Bank and covers lots including Lot 6, Block D of Meadow Run Phase 5. According to the recorded documents, both supplements secure a loan agreement in the maximum principal amount of $16M. The filings do not state how much has been drawn.
What’s next
More supplements are likely as Pacesetter adds lots to the same facility, and each one names the subdivision it covers. Building permits in Celina would be the next record to confirm construction starts on these lots. More Collin County financing filings are tracked on the Dallas-Fort Worth market hub.
On the record
Primary record
- Public recordInstrument 2026000138334, recorded Oct. 16, 2026 at 12:09 p.m., is a Supplement to Master Deed of Trust from Pacesetter Homes LLC to SouthStar Bank SSB, securing a loan agreement in the maximum principal amount of $16,000,000 and covering lots including Lot 7, Block G, La Terra Phase Two, Celina.View the record on collin.tx.publicsearch.us
- Public recordInstrument 2026000138513, recorded the same day at 3:38 p.m., is a second supplement to SouthStar Bank citing the same $16,000,000 maximum-principal loan agreement and covering lots including Lot 6, Block D, Meadow Run Phase 5.View the record on collin.tx.publicsearch.us