Dougherty Arranges Refi for 77-Unit Community in Ohio
The national mortgage banking firm closed a Fannie Mae loan for Legends Pointe in Canton, Ohio. Dougherty’s Minneapolis office worked for borrower Legends Pointe Apartments.
By Laura Calugar
Dougherty Mortgage has secured a $2.4 million Fannie Mae loan for the refinancing of Legends Pointe. The 77-unit multifamily property is in Canton, Ohio. Dougherty’s Minneapolis office arranged the 10-year loan with a 30-year amortization schedule for borrower Legends Pointe Apartments LLC.
Located at 1815 Trinity Place NW, the property is just a few minutes away from Interstate 77 and Highway 62. Hall of Fame and Belden Village Shopping Area are in close proximity, while downtown Cleveland is a one hour-drive away. The community features a mix of one- and two-bedroom units. Amenities include:
- landscaped grounds
- picnic areas
- swimming pool
- laundry facilities
Last month, Dougherty Mortgage’s Minneapolis office also secured a $6.1 million Fannie Mae loan for the refinancing of six market-rate multifamily properties in Cleveland.
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