What’s our track record?

$500

Million in Originations

$2.0

Billion in Project Capitalizations

45

Years of Experience

Our Team

CCL executives have over 45 years of Real Estate finance and transaction experience

Partner

Michael Lupo

Mr. Lupo is a Partner and Founder. Mike founded CCL in August 2019 after 4.5-years as a Managing Director at credit hedge fund DW Partners. Since inception, CCL has acquired, originated, or advised on transactions in excess of $1B. During his tenure at DW, he originated over $500MM of special situation real estate debt. Michael worked with ESG Kullen from 2013 through 2015 as Director of Acquisitions where he capitalized several hundred million in debt and equity. His 20+ year real estate career spans securities analysis, CMBS structuring and diligence, acquisitions, and finance. He has a BS in Economics from The George Washington University and an MBA from Columbia Business School.

Partner

Adam Budgor

Mr. Budgor is a Partner at CCL Capital, based in New York City. Prior to CCL, Mr. Budgor was EVP & Chief Strategic Officer for an Apollo Global Management portfolio company, now merged with Hilton Grand Vacations, where he oversaw M&A, various operating divisions, strategic initiatives, and real estate. Earlier, Mr. Budgor was a senior member of Credit Suisse’s Real Estate, Lodging and Leisure Investment Banking Group and in related capacities at Barclays, Lehman Brothers, and Lazard. During his career in investment banking, Mr. Budgor has been involved in an extensive array of financial advisory activities including mergers and acquisitions, initial public offerings, and corporate financings totaling over $75 billion. Prior to his career in investment banking, Mr. Budgor practiced as a Certified Public Accountant at PriceWaterhouseCoopers. Mr. Budgor received his M.B.A. from Columbia Business School and serves as a board member for Bridging Tech.

Director of Investments and Head of Asset Management

Jim Rowen

Mr. Rowen joined CCL Capital after graduating top of his MBA class at Columbia Business School. At CCL Mr. Rowen is a member of the investment team and oversees a structured and comprehensive asset management process.  Mr. Rowen has breadth of experience across markets and asset classes in acquisitions, asset management, and market research having worked with Lightstone Group, Triangle Equities, Mayfair Investment Partners, and Dune Real Estate Partners. At Triangle, Jim helped establish a standardized asset management platform for its multi-billion diversified portfolio. At Mayfair, Jim led acquisition efforts. At Lightstone, Jim supported underwriting and due diligence efforts across firm’s multifamily and industrial platforms. Prior to Columbia Business School, Jim worked in Equity Research at BMO Capital Markets. In addition to his MBA, Jim holds a BBA from Villanova University and a CFA designation.

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