Marquette Bank Does Big Lending Volume 

 

Patrick Tuohy of Marquette Bank celebrates 30 years in Apartment Lending by closing 7 deals worth over $24 M in 30 days   

Orland Park, IL (January 4, 2012) – Marquette Bank, a privately-owned neighborhood bank, recently completed seven real estate financing transactions in the Chicagoland area totaling $24,295,000. The transactions included commercial, mixed-use and apartment buildings with a combined total of 672 units in Chicago and the surrounding suburbs. All seven transactions were closed by Patrick Tuohy who is celebrating his 30th year in the lending industry.

"The apartment market is getting stronger. I am seeing lower vacancy rates, stronger sub-market demand and continued trend towards higher rents,” said Patrick Tuohy, Vice President of Multifamily Lending. “Closing all these transactions in such a short time period would not be possible without the help from our in-house team who are able to quickly process, close and service our customers from one central location. I am fortunate to work for a bank that is fully committed to the local market.”

Tuohy, who has been an owner, operator and lender in the Apartment Construction & Rehab market for 30 years, brings a unique perspective to the table by understanding the day-to-day issues faced by Apartment Owners.  Patrick came to Marquette Bank over 4 years ago and was able to help build the Multifamily Lending Department from the ground up using his decades of experience.  The result is a first class lending function that regularly beats out larger national lenders for financing Chicago multi-family projects.

“Our customers enjoy quick answers, a streamlined application process, competitive rates and flexible lending options with one stop processing, closing and servicing,” comments Tuohy. “The bigger national lenders just can’t always execute. The apartment industry in Chicago is a tight knit community and Marquette Bank is developing a strong reputation for great service.”

If you would like more information on Marquette Bank's Multifamily Lending, please call Patrick Tuohy at 1-312-375-0789.

About Marquette Bank:

Marquette National Corporation is a $1.7 billion diversified financial holding company for Marquette Bank.  Marquette Bank has been a locally-operated bank providing personalized banking service since 1945.  Marquette Bank is a full-service, customer-focused neighborhood bank that serves the financial needs of Chicagoland communities, offering an extensive line of financial products including retail banking, mortgages, trust and business banking, free Online Bill Pay and free Automated Telephone Banking.  Marquette Bank’s retail branches are located in Chicago, Aurora, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Lawn, Oak Forest, Orland Park, Romeoville and Summit, Illinois.  Marquette Bank customers have convenient free access to over 43,000 Allpoint and Starsf ATMs worldwide.    

Marquette Bank is an Equal Opportunity Lender, Equal Housing Lender and Member FDIC. Follow Marquette Bank on Twitter or like the Bank on Facebook for special offers and news.For more information visit: http://www.emarquettebank.com  or call 1-888-254-9500.