Property: Westbourne Terrace, Paddington

Purchase price: £15,200,000

VAT facility: £3,040,000

Loan term: 90 days

Transaction date: 30^th May 2024

BloomSmith completes on £3,040,000 property VAT loan

BloomSmith has recently worked in partnership with the specialist hotel group Capilon Hotels to deliver a VAT bridging loan for a property purchase on Westbourne Terrace in Paddington.

Founded in 2004, Capilon Hotels has built a reputation for delivering high-quality accommodation across key areas of London including Bloomsbury, Kensington, Paddington and Victoria.

The completion of this latest acquisition represents a strategic addition to their portfolio of elegant, centrally located hotels within the capital.

Delivering this £3,040,000 VAT loan, as part of a £15.2m acquisition, represents a clear example of the value of VAT funding – facilitating prudent short-term cash flow management.

Speaking on the property acquisition, Mark Breen, Managing Director at Capilon Hotels said: “Completing this £15m purchase is a fantastic example of our growth within the nation’s capital and will ensure that we continue to deliver the best possible service to its many visitors.

“We would like to thank BloomSmith for their role in supporting the acquisition. They have worked diligently to help deliver VAT funding for this purchase and we look forward to working with them again in the future.”

Nigel Smith, BloomSmith CEO said: “Working in partnership with Capilon Group is a fine example of a key strategic partnership delivering holistic funding opportunities for investors.”

Speak to our team to learn more about how VAT funding could help you with your property acquisitions.

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