Silbury adds investment and finance muscle
Silbury Finance has hired Jamie Rahder as investment director and Trevor DaCosta as finance director.
Rahder will be responsible for originating new real estate transactions, deal execution and ongoing management of the loan book. He joins the Oaktree-backed development lender from Octopus Real Estate, where he spent five years as a senior development originator. During that time he worked alongside Silbury founding partner Gavin Eustace and originated nearly £500m of new development and investment financing, across the build-to-sell, BTR and PBSA sectors. Prior to that he was a lending analyst for Hampshire Trust Bank’s property finance team.
DaCosta, who will be responsible for the day-to-day management of the finance function, was previously finance director at Urban Exposure. Prior to that he spent nine years at global real estate firm Tishman Speyer Properties based in London, where he rose to head of financial planning and analysis for Europe.
Silbury Finance has hired Jamie Rahder as investment director and Trevor DaCosta as finance director.
Rahder will be responsible for originating new real estate transactions, deal execution and ongoing management of the loan book. He joins the Oaktree-backed development lender from Octopus Real Estate, where he spent five years as a senior development originator. During that time he worked alongside Silbury founding partner Gavin Eustace and originated nearly £500m of new development and investment financing, across the build-to-sell, BTR and PBSA sectors. Prior to that he was a lending analyst for Hampshire Trust Bank’s property finance team.
DaCosta, who will be responsible for the day-to-day management of the finance function, was previously finance director at Urban Exposure. Prior to that he spent nine years at global real estate firm Tishman Speyer Properties based in London, where he rose to head of financial planning and analysis for Europe.
Silbury has provided more than £240m of senior development financing since its launch in January 2021, extending eight loans to UK retirement living and residential developments. In November, it announced a £40m, sustainability-linked loan and since then has provided a further £45m of sustainability linked lending.
Eustace said: “Both Trevor and Jamie are highly experienced professionals who will be pivotal in driving our growth. As we continue to grow the loan book, Trevor’s knowledge of building and implementing robust financial frameworks will be essential. Having had the pleasure of working with Jamie at Octopus Real Estate, the strength of his reputation and relationships across the sector, alongside his knowledge of the trends underpinning UK residential investment, will be invaluable.”
Rahder added: “Despite how strongly the UK ‘living’ sector has performed over the past few years, it remains an underserved part of the market for borrowers seeking bespoke funding solutions in the £20m to £150m range. Silbury has quickly forged a reputation as a market leader bringing fresh perspectives to how real estate finance should be done, as it looks to build on the success to date.”
DaCosta said: “Having seen what [Silbury has] achieved in such a short period of time, I am excited by the opportunity to work for a dynamic and sophisticated business, with a blue-chip backing. I look forward to leveraging my experience working with growth businesses to enhance its finance function, which will be critical in allowing us to continue scaling the business.”
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