Shawbrook has provided an eight-figure revolving credit facility to bridging lender Bluecroft Finance, supporting the company’s expansion.
The revolving credit facility included an accordion feature that allowed for a potential 50% expansion.
Established in 2023 and based in Altrincham, Bluecroft Finance provides a range of bridging finance products.
The company was founded by managing director David Giovanni, a Hale-based entrepreneur, investor, and employer.
Shawbrook was selected as Bluecroft’s funding partner due to its understanding of the development and bridging finance sector.
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.”
