VAT Funding

BloomSmith

BloomSmith is a specialist VAT/SDLT lender providing short term funding for property and land acquisitions.

A BloomSmith VAT loan enables the business to raise short term finance to cover up to 100% of the VAT due on the purchase of land or commercial property. This enables the deal to complete and the business to retain equity.

Unlike other VAT Lenders, BloomSmith are able to fund without the need for a legal charge and all the time/costs associated with that in terms of Property DD or agreeing Deeds of Priority between lenders.

They offer fast, simple, effective funding solutions for investors, developers, brokers, commercial estate agents, accountants, lawyers and insolvency practitioners.

The BloomSmith structure and collaboration with HMRC enables swift repayment of the loan.

How it works

Loans provided by BloomSmith are unsecured so that have no material impact on mortgage debt or security.

1.
Borrower provides:
- property address
- purchase price
- anticipated completion date
- buyers / solicitors information
2.
Next, BloomSmith will:
- issue briefing letter
- await solicitors undertaking
- assign funds
- complete transaction
- assign funds

Top 5 reasons to use BloomSmith

BloomSmith are the only lender that specialises in VAT funding on commercial real estate acquisitions, without the need for a legal charge over the property. They can deal with large asset purchases (£500k plus).

Charge free lending (no need for legal charge to be taken over property providing Commercial property/land is purchased via newly formed SPV. BloomSmith are the only funders able to lend without the need for a second charge and all the time and costs associated with that in terms of Property DD or agreeing Deeds of Priority between lenders.
Speed of funds (funding within 48 hours of legal undertaking).
Reliability of funds ( a rolling £20m facility with Shawbrook Bank and HNW Investors funds also).
BloomSmith are the founding, most established VAT lender.
Ability to consider wider funding solutions for Assets/Construction VAT/SDLT/Liquidity at 50% LTV. The right fit solution to help get deals over the line.