Property: The Old Torpedo Factory, NW London

Purchase price: £2,500,000

VAT facility: £500,000

Loan term: 90 days

Transaction date: 17^th September 2024

£500k VAT bridging loan: The Old Torpedo Factory

BloomSmith recently facilitated a VAT bridging loan for the purchase of a commercial property in North West London valued at £2.5 million.

Once a historic industrial site, The Old Torpedo Factory has been transformed into a valuable commercial property, blending its rich heritage with modern functionality.

The client faced a VAT liability of £500,000 on the purchase – with BloomSmith stepping in to provide the necessary VAT funding to ensure a smooth transaction.

BloomSmith’s CEO, Nigel Smith, said: “We pride ourselves on providing fast and flexible VAT solutions, and this case was no different.

“It was great to ensure the successful completion of the deal and to deliver funding that will help the borrower manage their short term cash flow.”

This transaction highlights BloomSmith’s commitment to supporting clients with bespoke VAT funding solutions, ensuring transactions proceed without financial hurdles.

You can see if you qualify for a loan via our VAT Bridging Loan Eligibility Checker, try out our interest calculator, too.