Bluecroft Finance said the revolving credit facility, which reports suggest is £10m, has an “accordion feature” that allows for a potential 50% expansion, which it said offers “flexibility for future growth”.
The company said it selected Shawbrook as its funding partner due to its “deep understanding of the development and bridging finance sector, as well as its commitment to long-term partnerships with specialist lenders”.
Bluecroft Finance said it recognised the importance of working with lenders that “combine market expertise with a customer-centric approach”.
Shawbrook said it had been impressed with the lender since it launched in 2023 and the investment highlighted the “strength of its management team, its ability to structure deals effectively, and its strong focus on service”.
David Giovanni, managing director of Bluecroft Finance, said: “This new partnership with Shawbrook marks an important milestone for Bluecroft as we continue to scale at pace. Since launching in 2023, we’ve grown rapidly, expanding our specialist team to support an increasing number of customers across the UK.
“Our focus remains on delivering excellent service, combining speed and expertise with the personal approach that borrowers value. In an era of increasing automation in lending, we believe the human element is more important than ever – and Shawbrook understands this best-of-both model.”
Chris Clarke, senior director, speciality finance at Shawbrook, added: “Bridging finance continues to see strong demand, with the market reaching record highs in recent quarters as borrowers seek faster, more flexible funding solutions.
“As bridging plays an increasing role in property transactions and development finance, Bluecroft has established itself quickly in this space, combining deep market expertise with a strong service-driven approach. We’re pleased to support them as they continue their growth journey and expand their offering to meet this rising demand.”
