BloomSmith is there to provide VAT funding on real estate transactions. BloomSmith was formed in 2015 to address funding and LTV shortfalls in the lending market similar to the funding and LTV shortfall that we are witnessing today. Short term cash requirements need to be met, even if they are short term, and a VAT specific lender with property experience did not exist.
BloomSmith lend without a charge to experienced borrowers who understand the benefit of intelligent transaction structure over a legal charge is secure physical asset backed lending. BloomSmith lend using a legal charge where required however, to ensure that we support our customers.
The company has many years of investment, development and lending experience and works directly with Investors, Developers, Developer Contractors, Funds, Banks, Bridging lenders, Real Estate and Tax Lawyers, Accountants, Real Estate Advisory firms, Finance Brokers, Fund Monitors and of course, always people.
Ludo Mackenzie – Head of Commercial Property, Octopus Property
A VAT loan or bridge allows you to raise short term finance to cover the VAT element due on the purchase of you or your client’s commercial property. This ensures that the deal completes and the BloomSmith structure ensures that your equity is safe and HMRC repay your loan for you.