About Patrick Quigley | Quigley Capital

Patrick Quigley, founder of Quigley Capital — **Patrick Quigley, MBA**Founder, Quigley Capital

Investor · Entrepreneur

Twenty-five years of numbers that matter.

For 25 years, Patrick Quigley has built the financial models behind acquisitions, developments, fundraising and board decisions. His largest deal was a $74 million mixed-use commercial real estate project.

He co-founded a private investment fund, owns commercial real estate, wholesales single-family residences, advises on M&A with a focus on healthcare, and served as Director of Finance at the Arizona State Treasurer’s Office. For the past five years he has consulted for nonprofits, small and midsize businesses and startups.

Largest deal: $74M mixed-use
In finance: 25 years
Works in: Excel, QuickBooks, AI

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How the models are built

Built from real work, not to sell.

Every model in this library started as a real problem: a pro forma a lender had to approve, a deal an investor had to trust, a household budget that had to work every month. Every formula, check and output is there because a real situation needed it.

For more than a decade, these models were developed, refined and used on the deals of Quigley Capital’s private investment fund, where the numbers had to hold up in front of the people writing the checks. The fund invests Patrick’s own money alongside a few business partners, with a long-term, value-add strategy: buy distressed or underperforming assets and reposition them through better management, renovation or a new use. It is closed to outside investors.

Due diligence

Underwriting each deal before a dollar went in: rent rolls, operating costs, capital plans and every assumption traced to the source.

LP investor pitches

Returns, waterfalls and sensitivities presented to limited partners, who test every number before they commit.

Debt pro formas for banks

Cash flow, coverage and loan sizing in the format lenders expect when they review a loan request.

It all starts with AI. Finding deals, research and due diligence begin with AI doing the first pass. Then every number is checked against the source, and every workbook ships with a Checks sheet so you can see it ties out.

How every model is built →

What Patrick has built and used over his career

Coming soon More Excel worksheets covering many of these areas, added to the model library.

Real estate GP

Distribution waterfalls: pref, catch-up and promote
JV and co-GP splits
Development pro formas with construction draws
Value-add acquisitions, refi and sale
Debt sizing: DSCR, LTV and debt yield
Rent rolls and lease-by-lease cash flow

Investing in companies

LBO models
Cap tables and dilution
3-statement models
Returns and scenarios

Sell-side and diligence

Quality of earnings bridges
Net working capital pegs
Sources and uses, funds flow
Offer comparisons

Operating KPIs

Monthly KPI dashboards
13-week cash flow forecasts
Budget vs actual

Quigley Capital’s private investment fund is closed to outside investors. Nothing on this website is an offer to sell, or a solicitation of an offer to buy, any security or investment.

Patrick Quigley, MBA.