Funding deal includes flexible expansion option as lender scales UK bridging operations
Bridging lender Bluecroft Finance has secured a revolving credit facility from Shawbrook Bank to support its growth plans.
The eight-figure funding line includes an accordion feature that could increase the facility by up to 50%, offering added flexibility for future expansion. Legal support for the transaction was provided by Osborne Clarke LLP.
Founded in 2023 by managing director David Giovanni (pictured left), Bluecroft provides short-term lending solutions with a focus on fast turnaround times and personalised service. Shawbrook’s decision to back Bluecroft stems from the bank’s strategy of working with niche lenders that demonstrate sector expertise and a borrower-focused approach.
“This new partnership with Shawbrook marks an important milestone for Bluecroft as we continue to scale at pace,” Giovanni said. “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 (pictured right), senior director of speciality finance at Shawbrook, added that the deal reflects the growing demand for bridging loans amid a busy property market.
“Bridging finance continues to see strong demand, with the market reaching record highs in recent quarters as borrowers seek faster, more flexible funding solutions,” Clarke said.
“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.”
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