Property: Commercial property in Buckinghamshire

Purchase price: £9,000,000

VAT facility: £1,800,000

Loan term: 90 days

BloomSmith has recently delivered a £1,800,000 VAT bridging loan as part of a large industrial property purchase in Buckinghamshire.

Financing the £9,000,000 acquisition of a commercial investment has been undertaken in partnership with the Manchester-based brokerage firm GDP Funding.

On securing the VAT bridging loan for the property purchase, GDP Funding director Paul Wilcox said: “This VAT bridging loan is a demonstration of GDP Funding tailoring funding solutions to a client’s needs.

“The BloomSmith team has worked diligently and professionally throughout the process, and we would like to thank them for their support during this acquisition.”

Nigel Smith, BloomSmith’s CEO, said: “We are delighted to have played a role in this property transaction, providing VAT financing that allows the investors to maximise their purchasing power while managing their short-term cash flow.

“We would like to thank everyone at the GDP Funding team for bringing their expert knowledge to this deal, enabling a smooth lending process.”