Red Kite Lending, a start-up property bridging and development lender, has agreed a total £15m debt and equity package with Shawbrook Bank.

Shawbrook has provided the first senior debt facility to Red Kite, highlighting its continued support and expertise within both the UK’s bridging and specialty finance sectors.

Red Kite suggested that alongside private investment, it is well placed to continue its rapid growth and continued financing of property investment across England and Wales.

Managing director at Red Kite, Jake Francis, said the funding raise represents a “key milestone” and a very exciting time for the business.

“Following our launch in late 2022 we have seen the property market change rapidly, and whilst we have been able to support our clients with flexible funding through this time, this will allow us to support even more clients to deliver on their investment and refurbishment goals,” Francis said.

“We know how important it is to find a lender that has a straightforward and solution-led approach, with confidence in delivering – with this funding, we can do exactly that.

“Myself and the team at Red Kite have been supported by some excellent business partners over the past year, and we are delighted to now be collaborating with Shawbrook as an institution we know are aligned with our strategy and ideals.”

The speciality finance team at Shawbrook commented: “We at Shawbrook have a close relationship with the management team at Red Kite and have been impressed by their focus on delivering positive outcomes for their clients, and the strong foundations they have laid for the business from the outset.

“The principles behind their lending strategies are clear, and unique in the space, and maintain the core fundamentals of what makes a strong lending business. We’re excited to partner with Red Kite at the beginning of their journey, and to support them in achieving their growth ambitions.”

Share Story: