Property: Impington, Cambridgeshire

Purchase price: £2,850,000

VAT facility: £570,000

Loan term: 90 days

Completion date: 3^rd June 2025

In June 2025, BloomSmith completed a £570,000 VAT bridging loan for a brownfield site in Impington, Cambridgeshire.

The 90-day loan was part of a £2,850,000 acquisition for a site designated for residential development.

On completion of the loan, Steve Dunn of CBS Capital said: “The funding we have delivered for this acquisition is a clear demonstration of how, with BloomSmith’s liquidity, we can help clients fulfil their goals.

“This is the first of two deals we currently have lined up with BloomSmith and the reason we like to work with a dependable lending partner.

“Thank you to Nigel, Dave and the team at Fladgate for their work across this deal.”

Nigel Smith, BloomSmith CEO, said: “We would like to thank CBS Capital for their hard work and genuinely professional approach during the acquisition. Steve Dunn is cerebral in his approach to getting deals done, which shows in the success that he has.”

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