Property: West End of London commercial property 

Purchase price: £7,000,000

VAT facility: £1,400,000

Loan term: 90 days

Completion date: 13^th February 2025

In February 2025, BloomSmith completed a £1,400,000 VAT bridging loan for a large commercial property acquisition in London’s West End.

Bought by a major tourist attraction company, our team was able to provide a 90-day loan with a competitive monthly interest rate and without a fixed legal charge

Our unique funding model enabled the client to manage their cash flow while waiting for HMRC to return their VAT.

On the loan provision, BloomSmith’s CEO Nigel Smith said: “This purchase is a fantastic example of how our VAT bridging model can help provide valuable financing for innovative projects across the UK.

“This bridging loan has ensured that an exciting attraction has been able to allocate capital to where their business needs it the most as they wait for their VAT to be reclaimed.”

You can also see if you qualify for a loan via our VAT Bridging Loan Eligibility Checker.