Kennedy Funding Closes $2.1M Refinance on 18 Suwanee Preserve Lots in Cumming

Kennedy Funding closed a $2.1 million cash-out refinance loan secured by 18 residential lots in the Suwanee Preserve subdivision, with the collateral tied to 3550 Alexander Circle in the Cumming area of Forsyth County. The deal was announced March 12, 2026.

The transaction gave an unidentified borrower access to capital locked in land holdings within the subdivision. Kennedy Funding's announcement framed the deal as a straightforward case of a property owner seeking liquidity: "a borrower seeking to unlock capital tied up in their property turned to Kennedy Funding for a $2.1 million cash-out refinance loan secured by land within the Suwanee Preserve subdivision." The lender's press release also characterized the transaction as a "land loan," a term that reflects the nature of the collateral even as the underlying structure remains a cash-out refinance.

Kennedy Funding describes itself as a global direct private lender specializing in bridge loans for commercial property and land acquisition, development, workouts, bankruptcies, and foreclosures. That positioning makes the Forsyth County deal characteristic of the firm's broader lending model, which targets borrowers who may find conventional bank financing unavailable or too slow for time-sensitive transactions involving land assets.

The borrower's identity was not disclosed in the announcement, and no loan terms, including interest rate, maturity, or lien position, were made public. It is also unclear from available records whether the 18 lots are contiguous parcels or distributed across the subdivision, and whether they carry full entitlements as buildable residential sites. Forsyth County property records tied to 3550 Alexander Circle would contain parcel-level detail for anyone tracking the transaction's full scope.

Suwanee Preserve sits within one of Georgia's fastest-growing counties, where residential land has remained in demand even as broader housing market conditions have shifted. A cash-out refinance on a portfolio of 18 lots signals that the underlying land still carries enough appraised value to support a seven-figure loan, regardless of whether vertical construction is imminent.