The specialized lender Shawbrook, based in the VK, has extended an eight -digit -rotating credit facility to BlueCroft Finance, a bridging lender.
The facility will be used to support the expansion of Bluecroft in the British credit market.
It has an accordion option that makes a potential increase of 50% possible, which brings flexibility for future growth.
Bluecroft, founded in 2023 and with headquarters in Altrincham, offers a variety of bridging financial products.
The company was founded by director David Giovanni, an entrepreneur from Hale with a background in Property Management and Sales.
In a statement, Bluecroft said that Shawbrook was chosen as the financing partner because of the “deep understanding” of the development and bridging financial sector.
Shawbrook’s specialty finances senior director Chris Clarke said: “Bridging Finance continues to see a strong question, in which the market reaches record highs in the past quarters, because borrowers are looking for faster, more flexible financing solutions.
“Because Bridging plays an increasing role in real estate transactions and development financing, Bluecroft has quickly established itself in this space, in which deep market expertise is combined with a strong service-driven approach. We are pleased to support them while they continue their growth journey and expand their offer to meet this rising demand.”
Giovanni said: “This new collaboration with Shawbrook marks an important milestone for Bluecroft while we continue to scale on pace. Since we are launched in 2023, we have quickly grown and we are expanding our specialized team to support an increasing number of customers in the UK.
“Our focus remains on providing excellent service, combining speed and expertise with the personal approach that borrowers appreciates. In an era of increasing automation in lending, we believe that the human element is more important than ever and Shawbrook understands this best of Both model.”
Last month, Shawbrook increased his financial support For specialist development financing provider Magnet Capital, which increased its existing financing line to £ 25 million ($ 32.37 million).
The transaction conditions include a line of £ 25 million, with £ 17.5 million committed over a period of three and a half years. This extra financing will support the continuous expansion of Magnet Capital.
In January 2025, Shawbrook Pausage new applications For its assets -financial facilities to concentrate on product expansion.
“Shawbrook supports the British expansion of BlueCroft Finance with rotating credit facility” was originally made and published by LeaseA brand of global data.
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