Shawbrook supports Bluecroft Finance’s UK expansion with revolving credit facility

UK-based specializer lender Shawbrook has extended an eight-figure revolving recognition installation to Bluecroft Finance, a bridging lender.

The installation volition beryllium utilized to assistance Bluecroft’s enlargement successful the UK lending market.

It features an accordion enactment that allows for a imaginable 50% increase, providing flexibility for aboriginal growth.

Founded successful 2023 and headquartered successful Altrincham, Bluecroft offers a assortment of bridging concern products.

The institution was established by managing manager David Giovanni, an entrepreneur from Hale with a inheritance successful spot absorption and sales.

In a statement, Bluecroft said that Shawbrook was chosen arsenic the backing spouse owed to its “deep understanding” of the improvement and bridging concern sector.

Shawbrook's speciality concern elder manager Chris Clarke said: “Bridging concern continues to spot beardown demand, with the marketplace reaching grounds highs successful caller quarters arsenic borrowers question faster, much flexible backing solutions.

“As bridging plays an expanding relation successful spot transactions and improvement finance, Bluecroft has established itself rapidly successful this space, combining heavy marketplace expertise with a beardown service-driven approach. We’re pleased to enactment them arsenic they proceed their maturation travel and grow their offering to conscionable this rising demand.”

Giovanni said: “This caller concern with Shawbrook marks an important milestone for Bluecroft arsenic we proceed to standard astatine pace. Since launching successful 2023, we’ve grown rapidly, expanding our specializer squad to enactment an expanding fig of customers crossed the UK.

“Our absorption remains connected delivering fantabulous service, combining velocity and expertise with the idiosyncratic attack that borrowers value. In an epoch of expanding automation successful lending, we judge the quality constituent is much important than ever – and Shawbrook understands this best-of-both model.”

Last month, Shawbrook accrued its fiscal backing for specializer improvement concern lender Magnet Capital, raising its existing backing enactment to £25m ($32.37m).

The transaction presumption see a £25m line, with £17.5m committed implicit a three-and-a-half-year term. This further backing volition enactment Magnet Capital's continued expansion.

In January 2025, Shawbrook paused caller applications for its plus concern facilities to ore connected merchandise expansion.

"Shawbrook supports Bluecroft Finance’s UK enlargement with revolving recognition facility" was primitively created and published by Leasing Life, a GlobalData owned brand.

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