UK specialist lender GRE Finance has hired two associate directors from Octopus Real Estate and Hilltop Credit Partners to capitalise on what it calls a 'surge of opportunities' in the real estate finance market.
Clare Grimes has joined as an associate director from Octopus Real Estate, where she specialised in the origination and execution of primarily commercial real estate debt transactions.
Grimes has gained extensive knowledge and experience through working with a range of clients, including funds, to deliver financing on a variety of assets across the UK.
Archie Dickinson, who also joins as an associate director, has more than 10 years of experience in real estate finance.
Specialising in origination, underwriting and execution, past roles have seen him structuring and executing both senior and mezzanine development loans, working alongside high street lenders, challenger banks, institutional funds and HNWIs.
Dickinson began his career at Proseed Capital, a mezzanine development finance lender before moving to specialist development finance provider, Hilltop Credit Partners. During his career he has underwritten and completed on over £750m of real estate finance.
Daniel Benton, director at GRE Finance, said: 'The opportunities in the UK’s real estate debt markets today are vast, and the appointments of Clare and Archie to kick-off this year put us in prime position to seize what could be a once in a decade opportunity.
'We remained active through 2023, focusing on strategic asset management in the first half of the year before identifying market opportunities in the latter half and agreeing more than £30m in real estate financing.
'Our opportunistic and value-add approach, depth of expertise in property development and management as well as financing, and willingness to take on projects involving planning risk means that we are very well placed to support a range of transactions taking place in the market.'
Founded in 2020 by Michael Mirelman and Daniel Benton, GRE Finance is a specialist lender to the UK real estate market and currently holds a loan book of £110 mln against residential and commercial property.
Said Grimes: 'Because of GRE Finance’s unique approach to real estate debt, taking on risk profiles that other lenders don’t have the expertise to support, it’s one of the most interesting firms out there.
'Given the economic climate we’re in, this is one of the most exciting times to join such an agile team. I’m really looking forward to leading origination efforts and working with Daniel, Michael, Archie and the rest of the team to navigate the choppy waters to drive real and attractive returns for all parties.'
