Property: Fitzrovia, London

Purchase price: £7,625,000

VAT facility £1,525,000

Loan term: 90 days

Completion date: 9^th June 2025

BloomSmith and Arc & Co. have delivered a £1.525m VAT bridging loan for a property in the heart of the West End.

The loan was part of a £7.625m package to purchase a vacant Fitzrovia office building, part of which will be converted into flats.

This is the second loan that the partners have completed together in 2025.

Read more: £212,000 Berkshire loan with Arc & Co.

Speaking on the deal, Arc & Co. director Cameron Hayes said: “We are delighted that this loan has completed, BloomSmith have been professional throughout and we look forward to this relationship continuing into the future.”

BloomSmith’s Nigel Smith said: “Working with Arc & Co. is always a pleasure.

“Tom Berry, Cameron Hayes and the team bring immense professionalism to every deal, ensuring their customers receive expert advice to meet their specific needs.

“This VAT funding has ensured their client avoids the cash flow interruptions that a seven-figure VAT payment can create.”

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