BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly affirms that Marquis Bank has once again earned its highest (5-Star) rating for financial strength and stability. Earning a 5-Star rating indicates this bank excels in areas of capital adequacy, profitability, asset quality and much more, and Marquis Bank has done so for 27 consecutive quarters.
“Relationship banking is a lot like any other relationship,” notes Karen Dorway, president of BauerFinancial. “It’s much easier to maintain confidence and trust than to try to win it back. While a lot of Wall Street banks lost it, Marquis Bank never did. In fact,” she continued, “a recent Federal Reserve survey found that while fewer than half of Big Bank customers were satisfied with their overall banking experience, the vast majority of community bank customers are satisfied. And, local businesses dealing with community banks not only reported the most satisfaction, but also the most success. Those findings didn’t surprise us. Community banks, Marquis Bank included, are local small businesses themselves, so they have a definite leg up on outsiders.”
Marquis Bank has been helping its neighbors and friends since it began in 2007. Today, after 12 years, it continues to provide a superior personal experience through three conveniently located offices in Aventura, Coral Gables and Fort Lauderdale and online at marquisbank.com.
Wednesday, November 27, 2019
Regular business hours - 9:00 a.m. to 5:00 p.m.
Thursday, November 28, 2019
Friday, November 29, 2019
9:00 a.m. to 2:00 p.m.
If you need access to your account on a day we are closed, we encourage you to conduct your banking transactions by ATM, MB Online Banking or MB Mobile Banking.
Please note that with your Mastercard Debit Card, you can make free withdrawals or access your account balance 24 hours a day, 7 days a week at any ATM displaying the Presto, Money Pass and/or Pulse Select logos.
Marquis Bank announced today it has closed a $3.5 million loan to finance the purchase of a 15-room hotel in Miami Beach that will be converted into a 21-unit boutique hotel to be operated by Sonder USA, Inc., a national short-term leasing platform. The property will also include retail and food and beverage space.
The borrower on the 5-year loan, Kerma Capital, LLC from Montreal, Canada purchased the vacant hotel located at 852 Collins Avenue in Miami Beach. The neighborhood is zoned to include short-term rentals, which are heavily regulated by the city of Miami Beach.
Janet Henfield-Green, Senior Vice President and Market Manager of Commercial Lending at Marquis Bank’s Aventura branch, was the officer who closed the loan.
“Marquis Bank is rooted in the community and committed to its growth and prosperity. Short-term rentals have become a mainstay in our tourist driven economy, and we are pleased to provide the financing,” Henfield-Green said.
Sonder, based in San Francisco, operates properties in 13 U.S. cities, as well as Montreal, London, and Rome, that feature apartments with hotel amenities.
“The SOBE neighborhood of Miami Beach is an exciting area for people coming for business or vacation stays and who want to experience an apartment atmosphere,” said David Malka of Kerma Capital, LLC. “We are excited to be working with Sonder and Marquis Bank to bring this project to fruition.”