This is the first senior debt provided to Red Kite, highlighting Shawbrook’s continued support and expertise within both the UK’s bridging and specialist finance sectors.

Alongside private investment, Red Kite aims to continue its rapid growth of financing property projects across England and Wales.

Jake Francis, managing director at Red Kite, commented: “This 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, while 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.

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“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.”

Constantino Sandamas, structured finance analyst at Shawbrook Bank, 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 its journey, and to support it in achieving its growth ambitions.”