BloomSmith has successfully completed its 100th VAT bridging loan, marking a significant milestone as it continues supporting property investors and developers in the United Kingdom.

The 100th VAT bridging loan was provided against a £5m land purchase in Ewell, Surrey, on a site that is set to become a large care home that serves the local community. The loan was completed in three days from inception.

This achievement underlines the effectiveness of BloomSmith’s unique funding model, which is designed to help clients manage VAT payments efficiently during critical transactions.

Reaching the milestone of 100 transactions has been achieved with the knowledge, expertise and support of key partnerships, including legal services from Fladgate LLP, a revolving credit facility with Shawbrook, and collaboration with numerous senior lenders and brokers across the country.

BloomSmith CEO Nigel Smith said: “Reaching our 100th transaction demonstrates the trust we have built up with our clients and partners and the robust nature of our lending model.

“This landmark is the result of the hard work of both our team and the many partners that have contributed along the way.”

BloomSmith continues to deliver a bespoke funding solution for property buyers that increases purchasing power, manages cash flow and mitigates opportunity costs.