The firm was founded in 2014 by John Webb and Andy Pelley, and focuses on second charge and bridging finance.
The pair have over 40 years’ experience in the sector and has around 26 employees, according to LinkedIn.
Pivotal said that the acquisition expanded its capability into second charge and bridging, and that it was in “active discussions” with several other potential opportunities that would “continue to build on the group’s product set and geographic presence”.
This marks the third acquisition by Pivotal Growth, which was launched last year as part of a £200m joint venture between LSL Property Services and investors Pollen Street Capital.
It is led by Simon Embley, former chairman of LSL and aims to create a national mortgage adviser fuelled by technology, along with high quality regulatory compliance and customer service.
Its other acquisitions include Scottish mortgage broker Lifetime Finance Group and Northampton-based new build specialist Grange Mortgage and Protection Services.
Embley said that he was delighted to welcome The Loan Partnership to the group and it would complement its existing business and build out its specialist broker capability and give them a presence in the second charge and bridging market.
“We believe these segments will play an important role in supporting customers looking for access to alternative mortgage financing solutions. We are excited to be working with John, Andy, its management team and people, who are renowned for providing fantastic service, and excellent customer outcomes,” he said.
Webb said that Pivotal was the “perfect partner” for the firm and was looking forward to working with them to grow its business.
“Pivotal Growth will give The Loan Partnership access to a wider customer base due to its expansive distribution reach and access to capital and technology, which is increasingly important to provide our clients with the best possible service and address the needs of all stakeholders we support in the second charge and bridging sectors. We look to the future now with even more confidence as part of the Pivotal family,” he added.
