Brickflow has partnered with Revcore Asset Management to launch a joint real estate workout team, combining digital property finance with asset management for distressed real estate.
The service is aimed at lenders, insolvency practitioners, developers and investors dealing with underperforming property. It covers valuation, asset management, financing, acquisition and disposal across a property's lifecycle.
Brickflow operates a digital marketplace for specialist property finance in the UK, while Revcore manages and repositions troubled real estate assets. Their combined offer focuses on projects where owners or creditors need to preserve value, secure fresh funding or prepare assets for sale.
The move comes as higher interest rates, weaker transaction activity and rising corporate insolvencies add pressure to parts of the property market. In that environment, lenders and insolvency practitioners often need to act quickly on unfinished developments and other distressed assets.
Formally launched in the first quarter, the partnership brings together lender data from Brickflow's marketplace with Revcore's operational work on the ground.
The service includes active asset management, strategic marketing, buyer identification and disposal negotiations. It also covers identifying distressed properties, arranging structured finance from the outset, and overseeing projects through design, procurement and construction where work needs to restart or be completed.
Brickflow said its platform includes more than 160 lenders. The network is intended to help source commercial real estate finance for stabilisation, planning-led value creation and full development programmes.
South Coast Case
The companies pointed to a part-built 104-unit residential scheme on the South Coast as an early example of how the partnership works in practice. The development had remained unresolved for more than 18 months before Brickflow was brought in to support the workout alongside the receivers, debt adviser, lender and developer.
In that case, Brickflow used its lender network to source a development finance facility of about GBP £15 million. The financing was arranged at 87% loan to cost against a gross development value of GBP £23 million.
The funding was used to unlock the capital needed to complete the scheme. A borrower who entered the deal with GBP £3 million of equity is projected to make about GBP £5 million in profit within 15 months, according to the companies.
The partnership reflects a broader effort to extend digital finance tools into operational property recovery rather than limiting them to loan comparisons and introductions. In distressed situations, that means combining finance sourcing with direct intervention in asset strategy, development oversight and disposal planning.
Revcore's leadership team has more than 25 years of experience across the property market and has worked through two recessions, according to the company. That background includes repositioning assets for property companies, investment funds and private investors across retail, student housing, office, industrial and residential sectors.
Brickflow has built its business around helping brokers and borrowers compare specialist property finance options and secure decisions in principle more quickly. It also provides embedded and white-label tools for brokers.
Dan Silver outlined how the combined service is intended to work for creditors and buyers.
"This partnership allows us to deliver something genuinely different for the market. For lenders and insolvency practitioners, it means having a single, trusted partner with the expertise to handle every stage of a distressed asset, from management and development through to disposal. For investors, it opens a curated pipeline of acquisition opportunities backed by structured financing and specialist development support. We're bridging the gap between distress and value creation. We recently succeeded in turning around a known Southampton distressed project that the market considered unsalvageable. Our expertise allowed us to resolve this efficiently, resulting in a win for everyone," said Dan Silver, Head of Partnerships, Brickflow.
Revcore said the link-up also gives it access to financing options alongside its asset management work. Its relationship with Corep provides additional input on occupier demand, leasing and investment opportunities when assets are being repositioned.
"Our team has worked through two recessions and has the experience and knowledge to understand how to protect and recover value in distressed situations. Working alongside Brickflow gives lenders and insolvency practitioners access to financing opportunities alongside our asset management expertise. Through our relationship with leading occupier-only business Corep, we also have access to occupier-led investment and leasing opportunities, as well as helping to identify occupier demand ahead of the market, which makes a real difference when repositioning an asset," said Nick Taylor, Director, Revcore Asset Management.