Ground-Up Construction in Waxahachie

Along the I-35E and US-287 corridors, not off distressed resale. Ellis County grew from a 2020 census count of 192,455 to about 240,900 in 2025, roughly a 25% gain in five years, and the county's own characterization is a ground-up and bridge market first, ahead of yield and ahead of flipping. The dominant activity is new subdivision and industrial construction, not tired-house resale, so your comps and your absorption assumptions should come from the growth subdivisions, not the historic core.

Roughly $12,700 per single-family house, across roadway, water and wastewater, and it is due before you frame. Ordinance 3654, adopted August 18, 2025 and effective September 18, 2025, updated the schedule. Maximum assessable water and wastewater impact fees run $2,100 and $3,082 per living unit equivalent. Timing matters as much as the amount: roadway fees are paid at permit issuance and water and wastewater fees at water meter issuance, not spread across the build, which puts the whole draw at the front of the construction loan rather than staged with the work. Verify the adopted schedule against Ordinance 3654 before you finalize a pro forma; the $12,700 figure comes from newspaper reporting on the council action, not the ordinance text itself.

It can add more than a full point of tax, or a per-lot assessment the ad valorem rate sheet does not even show. The Ellis County Tax Office's PID sheet lists over twenty public improvement districts and municipal management districts across the county's new-subdivision growth, including three inside Waxahachie itself (PID #1's SF1, SF2 and SF3 sections), several carrying rates of 0.60 to 1.00 per $100 and a number showing 'N/A' in the rate column because the district levies a per-lot assessment instead of an ad valorem rate. An 'N/A' is not a free parcel; it is still an annual bill on the lot. Confirm the specific district and its assessment mechanics before underwriting a spec build's carry cost, because two lots in the same subdivision can carry different obligations depending on which section they sit in.

Yes, inside the Downtown and Oldham Avenue historic overlays, and it runs ahead of the permit, not alongside it. New construction, alteration or restoration inside either overlay district, on an individually designated historic resource, or on a National Register property requires a Certificate of Appropriateness from the Heritage Preservation Commission before a building permit can issue. That is a commission review step added to the front of your schedule, which matters most on a construction loan with a fixed draw timeline. A lot outside the two overlays runs ordinary permitting with no added review. The exact scope of work that triggers a Certificate of Appropriateness and the commission's review calendar were not confirmed this pass, so build in schedule contingency rather than assume a fixed turnaround.

Yes. Midlothian charges a flat roadway impact fee per service unit equivalency rather than Waxahachie's per-house schedule. Under Ordinance 2022-12, effective October 1, 2022, Midlothian's roadway impact fee runs $972 per service unit equivalency for residential and non-residential development alike. Midlothian's per-unit water and wastewater impact fee amounts were not sourced this pass; the city publishes online calculators rather than a flat schedule. Price your specific lot against the city where it actually sits rather than assuming Waxahachie's fee structure applies countywide.

Roughly 15% of total cost, on a loan up to $5,000,000 and a 12 to 24 month term. We fund up to 85% of cost and up to 70% of value, whichever binds first, released in draws against your build schedule rather than in one advance, for either a spec sale or a build-to-rent hold. Size your own-funds line to cover the front-loaded costs Ellis County adds ahead of the draw schedule: Waxahachie's impact fees hit at permit and meter issuance, and a PID or MUD lot can carry its own assessment on top. Subject to underwriting.

We fund new construction up to 70% of value and up to 85% of total cost (land plus build), in most states, on loans up to $5M. Experienced builders reach the higher end of leverage. We finance both the lot and the vertical construction within those caps.

Yes. Lot acquisition is funded as part of your loan-to-cost. If you already own the lot, that equity can serve as your down payment, which often lets us fund most or all of the build cost.

Construction funds are released in draws as milestones are completed and verified, not handed over at closing. You submit your budget and scope of work up front, complete a phase, request a draw, and we release that portion after inspection. You pay interest on funds as they are drawn.

Our construction pricing starts around 10%, interest-only, on terms of 12 to 24 months. Market ground-up rates generally run 9% to 12% with 1 to 3 points. Your pricing and leverage depend on your build experience and the strength of the project.

We consider builders at all levels, though a track record helps your leverage and rate. A first-time builder should expect to bring a strong general contractor, a detailed budget, and typically a larger equity contribution. A well-documented project goes a long way.

The lot cost or current value, your construction budget and scope of work, the projected after-built value, and your build experience. With those we can size the loan against both cost and completed value and send you terms.