Will Matheson

Co-Founder and Managing Partner at Matheson Capital

[Will Matheson @WLMatheson3]

One of the most impressive updates I’ve ever seen in a product.

I’ve been using it for over a year. This blew my mind

[Pat Carino (f/k/a Acquisizioni) @PatCarino]

For 15 years my deal tracking lived in 4 places: an Excel spreadsheet, Google Maps, county GIS sites, and Outlook.

So about 2 years ago I started building DealNav. I took everything I loved about the other CRMs and cut everything I hated.

Simple interface. Transparent pricing. Just the features that matter. Easy data export. And of course, an INTEGRATED map.

As of today it checks all my original boxes... and then some. DealNav 3.0 is live!!!!!

Click a parcel. See the owner. Track the deal. Put AI to work on your data. All on one map 🗺️📍

Two risk-free 3.0 offers*:
- Book an onboarding with a co-founder after joining. Love it in 60 days or get a full refund.
- Post about a deal you're tracking in DealNav weekly until it closes. Account free for life.

Link in replies 👇

[Will Matheson @WLMatheson3]

@resetbasis To quote my college finance professor, “debt is like cocaine. It makes the good times better and the bad times worse.”

Alternatively, he said “equity is like your mom. It makes the good times not as good, but the bad times better”

[Will Matheson @WLMatheson3]

@DavidBahnsen Argentine works. One of their biggest sporting events is called the Argentine Open (polo)

[Will Matheson @WLMatheson3]

@resetbasis @DealNav @PatCarino #hotsubnow

[Will Matheson @WLMatheson3]

@chernobelskiy Looking forward to it!

[Will Matheson @WLMatheson3]

@HUDMultifamily Incredible curiosity on their part

[Will Matheson @WLMatheson3]

@lymanstoneky I think this is 90% of the way there, but something is missing.

China had a large population and unified government for millennia.

Possibly something to do with type of government / competition

[Will Matheson @WLMatheson3]

@EllliotttB Don’t leave us hanging. Who’s the sponsor?

[Will Matheson @WLMatheson3]

@credealjunkie And to be clear, I’m not trying to be a pain. You’ve GP’d more deals than me and I’m at the opposite end of the country.

I want to know what I’m missing

[Will Matheson @WLMatheson3]

I’m not in SF so please help me on this one.

I think rent control is a bad policy, but at the risk of looking like an idiot, I don’t think this graph is a great example of your point.

SF is heavily regulated, but growing slower than the rest of the country.

Its low rent growth has more to do with quality of life issues, which are tangentially related to rent control at best.

[Will Matheson @WLMatheson3]

@scottlincicome

[Will Matheson @WLMatheson3]

@jasonjosephlee Putting it out there. The firm / team probably wants them to do it because it promotes the firm / team.

I want my team to promote our closings

[Will Matheson @WLMatheson3]

@PatCarino I was on a call pitching a deal to a 1031 investor the next day (child was born on a Sunday)

[Will Matheson @WLMatheson3]

@patefortworth All of ours were out by the end of March!

[Will Matheson @WLMatheson3]

I've been speaking with a lot of investors over the last few weeks, and when I talk about Matheson Capital, there are a few things that I keep coming back to:

1. We've never lost investor money (an increasingly rare thing to say in this industry).
2. We haven't had to take on rescue capital / or capital call our investors.
3. We use fixed rate debt, we don't use mezzanine debt, and we don't use pref equity. We think this is vital to protecting investor capital.

It's fairly simple, but it's worked well for us. Does it limit how many deals we can do? Absolutely.

But we're confident that this will be the right choice for us and our investors in the long run.

If you'd like to learn more about us, and join our investor list, DM me!

[Will Matheson @WLMatheson3]

@GlenKunofsky Help me understand this. Is the IRR 6.75% or is that the cap rate / yield on cost?

[Will Matheson @WLMatheson3]

@TimVitaleX I didn’t know you had a NNN

[Will Matheson @WLMatheson3]

I was joking with somebody recently that talking to private equity firms is a lot like dating.

Everybody will give you their check list and it's only 3 to 5 things. So obviously, you bring a deal that meets those criteria.

BUT NOT SO FAST!

Behind that initial checklist is a secret 40-point checklist! And if you miss one of those 40 points, it's game over!

Which, out of fairness to the PE groups, if I had hundreds of millions of equity to invest, I'd be picky too.

[Will Matheson @WLMatheson3]

@AStuttaford You can’t expect the city to take care of its properties (even though NYCHA doesn’t pay property taxes). Only evil landlords can do that!