---
title: "On Capdex"
slug: on-capdex
summary: "A short version of why"
author: Grant Waddell, Founder and Chief Executive Officer, Capdex Inc.
date: 2026-10-07
updated: 2026-10-07
canonical: https://capdex.com/company/letters/on-capdex
---

I would like to share a company I've been building, Capdex. Here's the short version of why.

When I was working in commercial real estate I saw a lot of innovation around the property and underwriting side of the business - better property data, better comps, better tools for evaluating a deal. But even in the pre-LLM age underwriting didn't feel like the limiting factor - competent teams could already quickly and accurately underwrite a deal. What I saw as a bigger and higher-value problem was getting deals capitalized and closed. Deals with timelines to close, refis, raises, syndications, JVs - all time and liquidity constrained with very few if any tools to help.

In our early conversations with brokers and investors we kept hearing versions of the same thing: How do we capitalize this deal? Who is buying? Who is selling? Who is active? That is the gap we built Capdex to fill.

Capdex is a commercial real estate technology company that provides market and deal intelligence to help brokers and investors see who's active, where capital is moving, and what is changing. The goal is to supplement the relationships, market knowledge, and judgment that great real estate professionals already have with infrastructure underneath for clearer visibility.

We've spent the last several years building the company, and we're now beginning to share more of what we've built publicly.

In the meantime, we publish CRE industry news on the [Capdex LinkedIn page](https://www.linkedin.com/company/capdex/) and via our news arm, [Capdex News](https://capdex.com/news).

More to come.

Grant Waddell
Founder and Chief Executive Officer, Capdex Inc.