Property: Land purchase, Eccles, Manchester

Purchase price: £1,020,000

VAT facility: £5,100,000

Loan term: 90 days

Transaction date: April 2025

BloomSmith has recently provided a £1,020,000 VAT bridging loan to facilitate a substantial land acquisition in Eccles, Manchester.

The financing of the £5,100,000 commercial investment purchase was accomplished in collaboration with London-based specialists Helix Structured Finance.

Reflecting on securing the VAT bridging finance, Adam Stiles of Helix Structured Finance commented: “This VAT bridging arrangement exemplifies our capability to craft bespoke funding solutions tailored precisely to our clients’ requirements.

“The BloomSmith team has operated with efficiency and professionalism throughout the entire process, and we extend our sincere gratitude for their invaluable support during this significant acquisition.”

Nigel Smith, Chief Executive at BloomSmith, remarked: “We are thrilled to have contributed to this property transaction, delivering 100% VAT financing that enables investors to optimise their purchasing power whilst effectively managing short-term liquidity demands.

“The arrangement also provides our client with the additional benefit of preserving working capital for their immediate operational requirements, whilst simultaneously avoiding unnecessary tax complications.

“We wish to express our appreciation to the teams at Helix Structured Finance and Fladgate LLP for bringing their considerable expertise to this transaction, facilitating a seamless lending experience.”

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