It’s time to digitize construction finance
Through intelligent automation of the construction draw process, our platform eases administrative burden while connecting everyone with accurate information faster.
Get startedThrough intelligent automation of the construction draw process, our platform eases administrative burden while connecting everyone with accurate information faster.
Get startedDevelopers upload draw documents to Rabbet throughout the month. Rabbet classifies the documents, extracts all relevant information, and structures it neatly into a contextualized format.
Draw preparers correct reconciliation errors detected by Rabbet, send for internal approvals and submit the Contextualized Construction Draw to the lenders.
Lenders review the Contextualized Construction Draw, paying special attention to areas of the highest risk. Rabbet is trained to conform to each project’s specific requirements.
With all project information centralized, lenders and developers are able to leverage unprecedented data to quickly transact, document, reconcile, report, and audit their construction finances.
The Contextualized Construction Draw format (CCDF) connects construction information like never before. This new standard links relevant information from the budget, pay applications, invoices, and lien releases. With CCDF, it is easy to review requested amounts, track retainage, and confirm supporting documents for each line item, ultimately leading to better decisions made faster.
Categorizes hundreds of pages in seconds
Parses relevant information from documents
Supports adding unlimited funding sources and tracks uses at a line item level
Verifies documents against individual lender standards
Bundles invoices and lien waivers for each line item
Manages approvals with internal and external parties
Structures data for fast portfolio insights
Two-factor authentication and AES-256 bit encryption
Vice President, Commercial Real Estate Lending
Bank Leumi USA
Project Manager
Rybak Development