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.

The Legends Pointe in Canton, Ohio
The Legends Pointe in Canton, Ohio

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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