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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
“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
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