Mr. Picallo founded Synapse Capital Advisors in 2011. He has spent 20 years in commercial real estate capital markets having held senior positions in the origination, asset management and workout sectors of the business on both the principal and service side.
Prior to founding Synapse, Mr. Picallo resolved some of the largest and most complicated assets in the Lehman Brothers bankruptcy. Prior to his work for the Lehman estate, Mr. Picallo headed the underwriting department for Lehman’s Principal Transactions Group, where he managed a staff of 20 underwriters in New York and Los Angeles and was responsible for coordinating underwriting and presenting credit recommendations to senior management. Investments included high leverage senior debt, mezzanine and equity transactions. All property types were represented with projects located throughout the U.S.
Prior to joining Lehman in 2003, he worked for a large commercial real estate servicer and opened its New York office in 2002. Mr. Picallo began his career working out RTC related assets. He graduated from The University of Florida in 1990 and holds a Bachelor of Science with a Major in Finance.