The deal was the final part of a £5,959,000 purchase of an office block that will be converted into 67 apartments.
The deal was delivered in partnership with the Dubai-based brokerage propX, which specialises in data-driven international real estate transactions.
Commenting on the deal on the deal, Guelane Mansour, CEO and co-founder of propX, said: “This deal wouldn’t have happened without BloomSmith’s unwavering support, commitment, and ability to navigate the inevitable pitfalls of development finance for overseas buyers.
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“This is not our first deal with BloomSmith and as always, we were grateful for their legal partnership with Ella Leonard of Fladgate.”
Nigel Smith, CEO at BloomSmith, added: “For overseas buyers, in country leverage is always going to provide greater certainty as compliance regarding international money transfers and FX fluctuations can negatively impact on costs.
“Guelane and propX can make a big difference to both their client’s bottom line and stress levels, and we are always happy to assist.
“The client can now ensure that their capital remains in their pocket, so they can focus on delivering the next stage of this exciting development.
“Thank you to Guelane, the propX team and all other parties involved for enabling this smooth transaction.”
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