Affordable Housing


Empowering projects across the Twin Cities and beyond. 

As leaders in this space, Bridgewater possesses a deep understanding of the intricacies involved in affordable housing lending. Whether you are developing, revitalizing, or acquiring commercial properties, our expertise ensures that you can navigate the complexities of Affordable Housing with confidence. 

Affordable Housing FAQs

Why work with Bridgewater Bank in this space?

Bridgewater Bank has been a trusted partner in financing affordable housing since its founding in 2005. Our team possesses extensive expertise in the industry, ensuring tailored solutions for your needs. 

What does being a "relationship-focused bank" mean in affordable housing? 

As a "relationship-focused bank," Bridgewater tailors our lending and deposit products to suit your unique needs. While offering a comprehensive product suite, we excel in providing solutions tailored to the affordable space.

What size client does Bridgewater Bank serve within the affordable housing sector? 

We work with a diverse range of clients, from major industry players to local firms contributing to community housing needs.

Does Bridgewater Bank focus solely Minnesota for affordable housing?

We follow our clients nationwide, leveraging our extensive experience in affordable housing and development across various markets. 

Our First Priority Is You

The team dedicated to meeting your needs and exceeding your expectations.

Image of Bridgewater team member, Patrick Craig.

Patrick Craig

Senior Vice President Commercial Banking Team Lead

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Image of Bridgewater team member, Tyler Manning.

Tyler Manning

Senior Vice President Commercial Banking

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Nick Place

Nick Place

Chief Banking Officer

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Image of Bridgewater team member, John Callahan.

John Callahan

Senior Vice President Commercial Banking

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Jon Clevenger

Jon Clevenger

Vice President Commerical Banking

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Brian OBrien

Brian OBrien

Assistant Vice President Commercial Banking

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Patrick Craig

Senior Vice President Commercial Banking Team Lead


What makes Bridgewater unconventional: "Bridgewater's creativity and willingness to think “outside the box” is what separates us from traditional Big Banks."

Specialty: Affordable Housing

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Tyler Manning

Senior Vice President Commercial Banking


What makes Bridgewater unconventional: "We are able to understand deals quickly and offer seamless execution from initial meeting to loan closing by taking a common-sense approach to lending."

Specialty: Affordable Housing

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Nick Place

Chief Banking Officer

Nick Place serves as Chief Banking Officer, where he oversees all aspects of client growth and relationship management, including lending, treasury management, deposit services, and marketing. Since joining the bank in 2007, Nick has played a key role in driving revenue growth and positioning Bridgewater as a premier Twin Cities commercial bank. As Bridgewater’s former Chief Lending Officer, Nick led the lending team and managed Bridgewater’s loan portfolio, playing a key role in building and maintaining client relationships.

Nick also serves on the boards of Rethos Places Reimagined and Minnesota Housing Partnership, and frequently contributes as a guest speaker on various commercial real estate panels across the region.

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John Callahan

Senior Vice President Commercial Banking


What makes Bridgewater unconventional:
"We are constantly moving forward for our clients. We're never satisfied with where we're at and I wouldn't want it any other way."

Specialty: Affordable Housing

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Jon Clevenger

Vice President Commerical Banking


What makes Bridgewater unconventional:

"We approach each client with a forward-thinking, entrepreneurial spirit so that we can understand the client’s needs quickly and provide the level of service they deserve. I should know, I was a client of Bridgewater Bank before joining the team. "


Specialty: Affordable Housing

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Brian OBrien

Assistant Vice President Commercial Banking


What makes Bridgewater unconventional: “We are a relationship-based bank first and provide our clients with one of the industry's most efficient loan delivery processes.”

Ready for something unconventional?