Property: Longbridge, Birmingham

Purchase price: £4,000,000

VAT facility: £800,000

Loan term: 90 days

Completion date: April 2026

BloomSmith has completed an £800,000 VAT bridging facility to enable the acquisition of a land site in Longbridge, Birmingham, with a total purchase price of £4 million.

The funding covered the VAT payable at completion, allowing the borrower to avoid diverting capital away from the project and maintain flexibility for subsequent development expenditure.

The transaction was introduced by Cameron Hayes of Arc & Co, who co-ordinated the process and ensured momentum was maintained across all stakeholders.

Cameron Hayes commented: “Thank you to the team for delivering this. The process was handled efficiently throughout, which helped ensure a smooth completion.”

Nigel Smith, CEO of BloomSmith, said: “This was a well-structured land transaction where a VAT bridge provided a practical solution at completion.

“We appreciate Cameron’s work in progressing the deal and thank the wider Arc & Co. team for their co-ordinated approach in bringing it to a close.”

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