Property: Newbury, Berkshire – commercial to residential

Purchase price: £1,060,000

VAT facility: £212,000

Loan term: 90 days

Completion date: May 2025

BloomSmith delivers £212,000 VAT bridging finance for Berkshire conversion

BloomSmith has recently provided a £212,000 VAT bridging loan to support the acquisition of a commercial property in Newbury, Berkshire, earmarked for conversion to residential use.

The funding supported the £1,060,000 purchase and was arranged in partnership with Arc & Co., led by broker Tom Berry.

The completed loan represents the first in a series of transactions that the parties are collaborating on and is a prime example of how VAT funding can enable clients to complete swiftly without tying up vital working capital.

Commenting on the transaction, Tom Berry said: “The efficiency and professionalism shown by BloomSmith throughout the process was outstanding.

“Their unique VAT lending model continues to deliver real value for our clients, and we look forward to working on further opportunities together – where their speed and flexibility will be key.”

Nigel Smith, BloomSmith CEO, said: “We’re delighted to have worked with Arc & Co again on another successful deal.

Tom and the rest of the team bring real insight and rigour to every transaction, and with further deals already in the pipeline, we look forward to building on this strong partnership.”

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