Property: Commercial property units, Windsor, Berks

Purchase price: £2,485,000

VAT facility: £497,000

Loan term: 120 days

BloomSmith has recently delivered a £497,000 VAT bridging loan as part of a Windsor industrial property purchase.

A 120-day loan was agreed with the client as part of a £2,485,000 acquisition of two commercial units – with the facility fee being repaid over four monthly instalments.

Financing of the property purchase has been undertaken in partnership with the Hertfordshire-based brokerage Transparent Specialist Finance.

Speaking on securing a VAT loan for the property purchase, Sam Bramhall-Allan of Transparent Specialist Finance said: “Securing this loan to cover the VAT owed on the property is a fine example of our ability to adapt to the needs of our clients.

“We are grateful to BloomSmith for their role in supporting this acquisition. They have been meticulous in their support, and we look forward to collaborating with them again in the future.”

Nigel Smith, CEO of BloomSmith, stated: “We are thrilled to have contributed to this acquisition by providing VAT financing that has enabled the developers to achieve their goals.” 

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