Property: Gloucester hotel purchase

Purchase price: £1,750,000

VAT facility: £350,000

Loan term: 90 days

Transaction date: 24^th June 2024

BloomSmith delivers £350,000 loan with CBS Capital

BloomSmith has completed a second VAT bridging loan in partnership with CBS Capital.

This latest loan has seen BloomSmith deliver £350,000 of funding for the acquisition of a Gloucester hotel.

By delivering this timely loan, BloomSmith ensured the investor could undertake their £1,750,000 purchase without facing the significant cash flow challenges that a VAT payment can create.

On the loan, Steve Dunn of CBS Capital said: “A big thank you to BloomSmith for delivering this prompt funding for our client.

“This case is a prime example of BloomSmith’s model at work, and they are now a firm part of our lending panel.”

Nigel Smith, BloomSmith CEO, added: “This is the second deal we have recently completed with CBS Capital, and it further demonstrates their dedication to delivering tailored financing to their clients.

“Working with Steve and the CBS Capital team has again been a pleasure.”

Read our other case study with the CBS Capital team: a £570,000 loan for a brownfield purchase in Impington.

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