The Austin branch of Jefferson Bank is providing $15 million in financing for Pacesetter Homes, the No. 79 company on the 2024 BUILDER 100 list, to expand its operations in the greater Austin metro area.
“We were drawn to work with the team at Jefferson Bank because their values perfectly align with our own,” says LaNelle Deardorf, regional vice president of the U.S. region for Pacesetter Homes parent company Qualico. “We are both family-owned entities with long, rich traditions of investing in the communities we serve.”
Through August 2024, Pacesetter Homes has built and closed on more than 5,300 homes in the greater Austin metro area. The builder’s homes target primarily entry-level and first-time move-up buyers with an average price point ranging from $250,000 to $450,000.
Moving forward in the Austin region, Pacesetter Homes will be a builder in the recently approved Triada master-planned community in Elgin, Texas, and will be the lead builder in Qualico’s Center Point community in San Marcos. Both projects will include more than 850 homesites of varying lot sizes, according to Pacesetter Homes.
“Our goal is to be one of the top 10 builders in the greater Austin market, while continuing our focus on our Acts of Kindness community relations programs,” says Tim Agee, U.S. regional vice president for Qualico. “These philanthropic efforts are critical to our overall company mission statement of ‘Helping Build Better Cities.’”
Founded in 2007 by Qualico Group, Pacesetter Homes closed 702 homes and generated $319 million in revenue in 2023, according to BUILDER 100 figures. The home builder also operates in the Dallas metro market in its home state of Texas.
