Kennedy Funding Closes $2.1 Million Land Loan on 18-Lot Subdivision in Georgia

Developer cashes out and refinances at prestigious Suwanee Preserve community.

Mar. 12, 2026 at 7:45pm

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Kennedy Funding, a private lender, has provided a $2.1 million cash-out refinance loan secured by 18 residential lots in the Suwanee Preserve subdivision in Forsyth County, Georgia. The borrower originally purchased the property in 2024 and has now unlocked capital tied up in the development, which features completed infrastructure and utilities.

Why it matters

This transaction highlights Kennedy Funding's ability to provide flexible financing for land and development projects that may not fit traditional lending models. The Suwanee Preserve development is located in a fast-growing area outside of Atlanta, making it an attractive investment opportunity.

The details

The collateral consists of 18 subdivided residential lots located at 3550 Alexander Circle in Cumming, Georgia, which are part of the larger Suwanee Preserve community. The subdivision infrastructure, including utilities and roads, has already been completed, positioning the project for continued residential construction. The borrower originally purchased the property in May 2024 for $2,770,000 and sought the cash-out refinance loan to unlock capital tied up in the development.

  • The borrower originally purchased the property in May 2024.
  • Kennedy Funding provided the $2.1 million cash-out refinance loan on March 12, 2026.

The players

Kennedy Funding

A global direct private lender specializing in bridge loans for commercial property and land acquisition, development, workouts, bankruptcies, and foreclosures.

Edwin Urrego

The executive loan officer at Kennedy Funding who originated the loan.

Suwanee Preserve

A residential community in Forsyth County, Georgia, where the 18 subdivided lots are located.

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What they’re saying

“This was an ideal situation where the borrower had already completed the heavy lifting. The lots were fully subdivided, infrastructure was in place, and the property sits in one of the fastest-growing residential corridors outside Atlanta. By focusing on the real estate itself, we were able to structure a loan that allowed the borrower to access equity and continue moving the project forward.”

— Edwin Urrego, Executive Loan Officer, Kennedy Funding

“Traditional lenders often hesitate when it comes to land or partially completed developments. But when the fundamentals are strong — location, completed infrastructure, and clear development plans — we can move quickly to provide the capital borrowers need.”

— Kevin Wolfer, President and CEO, Kennedy Funding

What’s next

The borrower plans to continue residential construction on the 18 subdivided lots within the Suwanee Preserve community.

The takeaway

This transaction demonstrates Kennedy Funding's expertise in providing flexible financing solutions for land and development projects, even when they may not fit traditional lending models. The Suwanee Preserve development's strong fundamentals, including its location in a fast-growing area and completed infrastructure, made it an attractive investment opportunity.