Three DFW Homebuilders Record Deeds of Trust Citing $100M in Notes
Pacesetter, Tradition and Partners in Building recorded four deeds of trust Nov. 5-10 citing notes of $30M, $20M, $25M and $25M in Collin and Denton counties.
- Source Briefing
- Public record
Three Dallas-Fort Worth homebuilders recorded four deeds of trust in six days, each citing a bank note between $20 million and $30 million. Pacesetter Homes, Tradition Homes and Partners in Building filed them in Collin and Denton counties between Nov. 5 and Nov. 10, 2026.
Why it matters
Builders in the northern growth corridor fund lot inventory with bank lines, and each recorded deed of trust shows which lender is backing which subdivision. Three of the four filings sit on lots in Celina, in Collin County. The lenders on the four notes are SouthState, Third Coast, Prosperity and Wells Fargo.
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These are credit lines secured by lots, not a single $100 million loan. The note amount in a deed of trust is the face of the line, not the balance drawn.
The numbers
- Pacesetter Homes to SouthState Bank: $30 million note, Denton instrument 128548, recorded Nov. 6, on lots in Reserve at Spiritas Ranch. A second Denton instrument, 128559, cites the same $30 million on the same subdivision, so it is counted once.
- Pacesetter Homes to Third Coast Bank: $20 million note dated Dec. 15, 2023, Collin instrument 2026000149067, recorded Nov. 10, on a La Terra Phase Two lot in Celina.
- Tradition Homes to Prosperity Bank: $25 million maximum principal under a line of credit, Collin instrument 2026000146783, recorded Nov. 5, on Parks at Wilson Creek Phase 2 lots in Celina.
- Partners in Building and Norwood Homes to Wells Fargo: $25 million principal, Collin instrument 2026000148142, recorded Nov. 9, on Harper Estates lots in Celina.
- Stated principal across the four notes: $100 million. Several of these deeds cover more than one lot, so the notes are not priced per lot.
What’s next
A deed of trust added to a subdivision usually means lots are being taken down for starts. Releases of lien on completed lots will show how fast each builder is turning inventory. Pacesetter’s earlier Celina filing is covered in our October report on its SouthStar credit line, and the desk tracks later filings on the Dallas market page.
Quick answers
- What is the latest on Pacesetter Homes in Dallas-Fort Worth?
- Pacesetter, Tradition and Partners in Building recorded four deeds of trust Nov. 5-10 citing notes of $30M, $20M, $25M and $25M in Collin and Denton counties.
- What are the key numbers for Pacesetter Homes?
- stated note principal, four notes: $100M; deeds of trust, Nov. 5 to 10: 4.
- Where does the information on Pacesetter Homes come from?
- The story cites Denton County Clerk and Collin County Clerk.
On the record
Denton deed of trust 128548 (Nov. 6) cites a $30,000,000 note from Pacesetter Homes to SouthState Bank on Reserve at Spiritas Ranch lots
Public record · denton.tx.publicsearch.us
Primary record
- Public recordCollin deed of trust 2026000149067 (Nov. 10) cites a $20,000,000 note dated Dec. 15, 2023 from Pacesetter Homes to Third Coast Bank on a La Terra Phase Two lot in CelinaView the record on collin.tx.publicsearch.us
- Public recordCollin deed of trust 2026000146783 (Nov. 5) cites a $25,000,000 maximum-principal line-of-credit note from Tradition Homes to Prosperity Bank on Parks at Wilson Creek Phase 2 lots in CelinaView the record on collin.tx.publicsearch.us
- Public recordCollin deed of trust 2026000148142 (Nov. 9) cites a $25,000,000 principal amount from Partners in Building and Norwood Homes to Wells Fargo on Harper Estates lots in CelinaView the record on collin.tx.publicsearch.us