Feature Photo: Jefferson Bank’s Austin Market President Jon Rebello. Image: Jefferson Bank
Austin (Travis County) — The Austin branch of Jefferson Bank — the San Antonio-based — has announced it is providing $15 million in financing for homebuilder Pacesetter Homes to expand its operations in the area.
Pacesetter is a subsidiary of Qualico, an industry-leading real estate company operating in the United States and Western Canada.
“We are delighted to partner with the outstanding team at Pacesetter Homes,” said Jefferson Bank’s Austin Market President Jon Rebello. “Pacesetter is a private, family-owned legacy business focused on building not only better homes, but also better communities, better cities, and a better quality of life for everyone in the regions they serve. They are as bullish on Austin as we are.”
Through August 2024, Pacesetter Homes has built and closed on more than 5,300 homes in Greater Austin. The average price point for their homes depends on each market and community. Their homes target primarily entry-level and first-time move-up home buyers. On average, the price point of Pacesetter homes in the Greater Austin area ranges from $250,000 to $450,000.
Pacesetter Homes and Qualico Communities expect to see continued growth in the Greater Austin market.
Pacesetter will be a builder in the recently approved Triada master-planned development in Elgin and is the lead builder in Qualico’s new Center Point community in San Marcos, just east of its existing platform in the master-planned community of Trace. Both Triada and Center Point will include more
than 850 homesites of varying lot sizes to accommodate a variety of homebuyers’ needs and preferences.
Over the past decade, Pacesetter Homes has received numerous awards from industry peers and professional organizations for product design (interior and exterior), craftsmanship, use of technology, sales and operational efficiency with respect to its projects.
“Since we opened our doors in Austin 18 months ago, our relationship-based banking philosophy and highly personal, flexible approach has led to establishing close ties to numerous well-respected businesses in Central Texas,” added Rebello.
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