Property: north London pub

Purchase price: £1,200,000 (mixed-used property)

VAT facility: £240,000 

Loan term: 90 days

Completion date: December 2024

In December 2024, BloomSmith completed a £240,000 VAT bridging loan for a pub purchase in north London.

The loan is a prime example of BloomSmith delivering VAT funding for a mixed-use property, with a portion of the acquisition dedicated as a residential letting.

Our team was able to provide a 90-day loan, with a competitive monthly interest rate and without the need to take a fixed legal charge, enabling their client to manage their cash flow while waiting for their VAT to be returned.

The purchase was brought to BloomSmith by Blue Badger Financial Ltd trading as Synergy Commercial Finance, part of our elite broker network, with whom the team has worked on several VAT bridging loans.

Speaking on the completion of the VAT bridging loan Jo Malyon of Blue Badger Financial Ltd said: “This latest deal is a prime example of our team delivering unique funding to meet our clients’ specific needs.

“We would like to thank BloomSmith for their exceptional clarity and support during this acquisition.”

Nigel Smith, BloomSmith’s CEO, said: “We have partnered with Synergy Commercial Finance on many occasions now and this latest deal is a fine example of their broker network in action.

“We would also like to thank Jo Malyon and Blue Badger Financial Ltd for their expertise and dedication throughout the process – this loan is a perfect demonstration of their ability to deliver tailored finance for their clients.

“This bridging loan has ensured that the purchasing party has been able to allocate capital to where their business needs it the most whilst we provide them more bureaucratic capital requirements.”

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