Silbury Finance, the development lender backed by Oaktree Capital Management, has appointed Jamie Rahder as investment director and Trevor DaCosta as finance director, significantly strengthening the company’s origination and finance functions.
Rahder, who has nearly a decade of real estate and financial services experience, will be responsible for originating new real estate transactions, deal execution and ongoing management of the loan book.
He joins Silbury from Octopus Real Estate, where he spent five years as a senior development originator, working alongside Silbury founding partner Gavin Eustace.
During this time he originated nearly £500 mln (€594 mln) of new development and investment financing, across the build-to-sell, BTR and PBSA sectors. Prior to this he spent two years at Hampshire Trust Bank as a Lending Analyst in the property finance team.
DaCosta brings nearly 40 years of finance experience, having specialised in building and implementing finance systems across the private equity, corporate, fund management and SME space.
He will be responsible for the day-to-day management of the finance function, with specific responsibility for reporting performance to the Board, financial planning & analysis, and ensuring the business complies with all regulatory and other legal requirements.
DaCosta was previously finance director of Urban Exposure. Prior to that he spent nine years at global real estate firm Tishman Speyer Properties based in London, most latterly in the newly created role of head of financial planning and analysis for Europe.
Said Eustace: '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.'
Having launched in January 2021, Silbury has enjoyed a strong first year, providing over £240 mln of senior development financing across eight loans in the UK retirement living and residential sectors.
In November the company announced the provision of a first, £40 mln, sustainability-linked loan and since then has provided a further £45 mln of sustainability linked lending.
