Tradition Homes pledges Prosper, Furst Ranch lots to two bank lines

Tradition Homes recorded two deeds of trust on Oct. 28, 2026, pledging lots in Prosper and the High Plains at Furst Ranch subdivision to existing bank debt: a $25 million Prosperity Bank credit line and a $30 million Kirkpatrick Bank note.

Why it matters

These are not new loans. Both deeds of trust secure notes signed in 2025, and they add platted lots as collateral for that existing debt. The filings show which banks finance the builder’s lot pipeline in Collin and Denton counties, and how large those facilities are. For lot developers and land brokers, a builder carrying $55 million in combined facility limits with two Texas banks has capital lined up to keep taking down lots. For lenders, it shows the structure: a revolving line secured lot by lot as the builder buys.

The numbers

The Collin County deed of trust, instrument 2026000142738, pledges Lot 23, Block A of Starview Phase I in Prosper to Prosperity Bank. It secures a line of credit promissory note dated on or about Aug. 6, 2025, with a maximum principal of $25,000,000. The Denton County deed of trust, instrument 124416, pledges Lot 1, Block 11 of High Plains at Furst Ranch 1 to Kirkpatrick Bank. It secures a promissory note dated July 1, 2025, with an original principal of $30,000,000. Both deeds of trust are dated Oct. 26, 2026. The figures are facility limits, not amounts drawn, and neither record shows a current balance.

What’s next

Under a lot-by-lot line, more deeds of trust to the same two banks should follow as Tradition Homes closes on more lots, along with partial releases as homes sell. Building permits on the Starview and Furst Ranch lots would mark the move to starts. More DFW builder financing activity is tracked at /markets/dallas/.