The revolving credit facility includes an accordion feature that allows for a potential 50% expansion to £15m.
Established in 2023 and based in Altrincham, Bluecroft Finance provides a range of bridging finance products, and was founded by managing director David Giovanni.
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.
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"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 of speciality finance at Shawbrook, added: " 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."
Legal support on the transaction was provided by Ben Truman and Sam Ash Croft of Osborne Clarke LLP on behalf of Shawbrook.
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