Silbury Finance strengthens senior leadership team with trio of appointments

By Bridging Loan Directory 27th November 2023

Silbury Finance (“Silbury”), the Oaktree Capital Management-backed residential development lender, has strengthened its senior leadership with the appointments of Matt Taylor as Chief Financial & Operating Officer and Andrew Fairley as Head of Credit, effective immediately.

Ahead of its ambitions to significantly scale the platform in 2024, the newly created roles formalise the creation of a dedicated credit, portfolio and finance team.

Matt will be responsible for scaling Silbury’s finance and compliance functions in order to deliver rapid business growth, whilst optimising returns to the firm’s key stakeholders through funding structures.

Matt was previously CFO of two Oaktree-backed, vertically integrated development and operational businesses, where he was responsible for the delivery of over 17,000 residential beds across UK and Europe and raising over £800 million of development and investment finance.

Andrew will lead the firm’s credit underwriting and portfolio management function. He brings over 25 years of corporate banking and credit risk experience, primarily in the residential development space. Andrew previously held senior roles at Paragon Development Finance, Housing Growth Partnership and Lloyds Banking Group.

As part of the expansion, Jamie Rahder has been promoted to Head of Origination and will be leading the origination and execution of Silbury’s lending strategy in the Living sector.

Since launching in January 2021, Silbury has funded projects with a value in excess of £1bn, firmly establishing itself as a specialist provider of investment finance for retirement living, build to sell, build to rent and PBSA schemes across England.

In recognition of its growing track record as the partner of choice for institutional borrowers in the retirement living sector, in 2023, it won ‘Lender of the Year’ at the HealthInvestor Seniors Housing Awards.

Gavin Eustace, CEO of Silbury Finance, commented:

“These are key senior appointments as we scale the platform, enhancing key functions, including risk and compliance, and enabling us to continue delivering a best-in-class service to both existing and prospective borrowers.

Matt, Jamie and Andrew bring a wealth of institutional-level experience from a combined 50 years in senior roles at sector leading organisations.

I look forward to working closely with them as we accelerate our deployment ambitions and expand our Living sector exposure into the purpose-built student accommodation, Build to Rent and co-living sectors.”

Matt Taylor, CFO & COO of Silbury Finance, added:

“Silbury’s growth has been extremely impressive over the last few years, and I have seen the business establish itself as a leading provider of development finance across the Living sector, alongside a dynamic mix of institutional, corporate and SME borrowers.

I am excited to work with Gavin and the rest of the team to build on the firm’s strong track record and further enhance its offering.”