UK-based specialist lender Shawbrook has extended an eight-figure revolving credit facility to Bluecroft Finance, a bridging lender.

The facility will be used to aid Bluecroft’s expansion in the UK lending market.  

It features an accordion option that allows for a potential 50% increase, providing flexibility for future growth.

Founded in 2023 and headquartered in Altrincham, Bluecroft offers a variety of bridging finance products.

The company was established by managing 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 funding partner due to its “deep understanding” of the development and bridging finance sector. 

Shawbrook’s speciality finance senior director Chris Clarke said: “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.”

Giovanni 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.”

Last month, Shawbrook increased its financial backing for specialist development finance lender Magnet Capital, raising its existing funding line to £25m ($32.37m).

The transaction terms include a £25m line, with £17.5m committed over a three-and-a-half-year term. This additional funding will support Magnet Capital’s continued expansion.

In January 2025, Shawbrook paused new applications for its asset finance facilities to concentrate on product expansion.