From Yahoo Finance: 2025-04-08 10:16:00

UK-based lender Shawbrook extends an eight-figure credit facility to Bluecroft Finance for UK market expansion. The facility includes an accordion option for potential growth. Bluecroft, founded in 2023, offers various bridging finance products and was established by David Giovanni, with Shawbrook chosen for their expertise in the sector.

Shawbrook’s speciality finance director highlights strong demand for bridging finance, with Bluecroft quickly establishing itself in the market. Bluecroft emphasizes service and expertise, with Shawbrook supporting their growth journey. The partnership marks a milestone for Bluecroft as they focus on excellent service in a rapidly growing market.

Shawbrook recently increased financial backing for Magnet Capital, a development finance lender, to £25m. The terms of the transaction include a committed £17.5m over three-and-a-half years to support Magnet Capital’s expansion. Shawbrook paused new applications for asset finance facilities in January 2025 to focus on product expansion.

Read more: Shawbrook supports Bluecroft Finance’s UK expansion with revolving credit facility