Construction costs generally fall into two categories: hard costs and soft costs. Here’s what each of them means and why…
Real Estate Project Managers Need These 3 Things to Succeed In busy development firms, real estate project managers often deal…
Everything Real Estate Developers Need to Know About Return on Cost Real estate developers lean heavily on data to make…
Yield on cost is a crucial metric in real estate development that helps developers assess the potential profitability of their…
What is a Lien Waiver? A lien waiver in the construction industry is a legal document that’s exchanged between parties…
In today’s ever-changing economic landscape, managing a construction portfolio is more complex than ever. With rising costs, shrinking labor availability,…
In 2024, the U.S. construction industry reached a new milestone: $280 billion in costs directly tied to slow payments. This…
Austin, TX – [October 1, 2024} – Rabbet, the leading provider of construction finance software, today released its much-anticipated 2024…
Understanding and accounting for the tax laws for a real estate development project is critical. This guide gives an overview…
In the realm of real estate development, financing is the cornerstone that determines if a project will pencil. Among the…
The construction lending landscape is evolving rapidly, and with that evolution comes new pressures: audits, regulatory scrutiny, and rising expectations…
In real estate development, managing project finances efficiently is critical—whether it’s a $10 million or a $100 million project. However,…
Overcoming Affordable Housing Financing Challenges Across the United States, there is a need for 7 million more affordable housing units…
Retainage is the withholding of a portion of the funds that are due to a contractor or subcontractor.
Following the global Microsoft outage in July 2024, a confidential assessment found that half of large U.S. banks analyzed have…
Everything you need to know about draw requests in real estate development.
How Time is Often As Impactful as Cost in Real Estate Decisions
Cost Overruns In Construction According to industry research, 85% of construction projects experience cost overruns. Customers using Rabbet on the contrary…
With so many moving pieces of the puzzle that is a real estate development, development managers owe it to themselves…
In the real estate property development industry, risk mitigation is a never-ending project, and finance teams are often the first…
Construction loan administration leaders have always shouldered a heavy load. Whether you’re doing a final double-check of your team’s work…
As an accountant or controller for a real estate development firm, have you ever wished you had more time at…
Controllers in real estate development firms have a heavy load to bear. Other departments often don’t know the importance of…
Managing risk isn’t easy when you’re relying on a spreadsheet. The lack of intuitive solutions for commercial real estate developers…
Developers are united in one universal struggle: Excel. Excel is the industry standard tool in Commercial Real Estate. It’s the…
The benefits of automation for property developers extend far beyond saving time. Improving the accuracy of your draws and successfully…
The proliferation of systems, data, and devices can be extremely helpful in our daily work and personal lives. Unfortunately, data…
The world of construction finance is rapidly evolving, and 2024 has brought some pivotal shifts that are reshaping how developers…
Twelve months ago, I reflected on the difficulties in investing in CRE due to the uncertainty in the market and…
Every year, Rabbet releases our Construction Payments Report which shares insights into the growing costs from slow payments in the…
Rabbet was built to ensure proper centralization of your information, to drive project insights, and ensure stakeholder confidence.
With the ability to effectively centralize and compare the budget, contracts and costs, a developer can prevent future issues on…
In this series, we delve into the compelling reasons why meticulous budget tracking is the cornerstone of prosperous real estate…
How lenders and developers spend excessive time processing draws on construction projects, the inefficiencies inherent in current processes, and why…
How data empowers commercial real estate developers to make better decisions and ultimately save money in various ways.
Our latest State of Construction Finance Report revealed how critical software adoption is for this industry. In a time when…
If you don’t have time to go through the entire of Rabbet’s 2023 State of Construction Finance Report yet, but you’re…
Imagine that instead of taking six days (or longer) to manually review and approve a construction borrower draw request, you…
Using spreadsheets instead of leveraging construction finance technology can cost real estate developers money and add risk to their projects.…
With interest rates high and demand uncertain, the real estate industry is broadly expecting a reduction in production this year.…
Commercial real estate development projects can be complex and involve many stakeholders and processes, which can lead to risk, delays,…
Rabbet is a cloud-based construction finance platform that is designed to streamline the construction finance process, enabling real estate developers,…
Building a commercial real estate development project with confidence involves careful planning and execution. Of course, a commercial real estate…
Rabbet, the leading provider of construction finance software announced today that it has partnered with Berkadia, the top FHA construction…
2022 Construction Payments Report Rabbet – the leading provider of construction finance software for commercial real estate developers, development service…
Timely payments to general contractors and subcontractors reduce project risk, added costs, and delays. Rabbet’s 2022 Construction Payments Report dives…
Real estate development involves the careful management of many different business processes. From initial development needs like land assessment, permits,…
Managing real estate development is a tricky task with a high risk of failure. You must be on top of…
Even the best-laid plans can change. During construction projects, project managers and their organizations must stay ahead of all alterations…
Construction loan administration in commercial real estate requires precision. You must time draw requests perfectly to keep your commercial real…
The construction development process is complex, requiring interaction between several companies and departments. Team collaboration software simplifies construction project management…
Rabbet’s construction loan management software is designed to make each step of the construction loan process as simple as possible.…
Searching for Commercial Real Estate Software in Dallas? Innovative commercial real estate software allows you to remain adaptable while propelling…
Real estate and construction are complex industries. However, the truth is large projects in these industries they can be made…
Searching for the best loan servicing software in NYC? Rabbet is an all-in-one AI driven software platform that helps construction…
Are you a real estate developer in Dallas? Are you looking for the perfect software to make your projects efficient?…
Searching for the best real estate development software in NYC? Rabbet provides an excellent all-one-one financial software platform for real…
People will always need buildings and thus we will always need construction project management. From new buildings in major cities…
With greater forethought, there will be fewer setbacks. By utilising Rabbet’s software for construction risk management in Dallas before breaking…
Why is Rabbet building integrations with every major accounting software? Development management and accounting are distinct and important activities for…
Knowing capital needs on a construction project is critical to ensure proper cash reserves and interest reserves. Rabbet users can…
Know Your Real Estate Development Projects, Under One Platform with Rabbet Real estate development is difficult and there is a…
We know that when it comes to developing real estate projects there is a lot that needs to be considered.…
Construction projects are some of the most complex in the world. They also have among the highest risk in lending…
Rabbet – Software for Commercial Real Estate Developers It’s important to get deep and accurate insights into your commercial real…
To finance slow payments, the estimated overhead included in subcontractors’ bids is 2.75% and 5.81% for general contractors. This year’s…
General contractors and subcontractors estimate that the cost of floating payments for wages and invoices represents $136 billion in excess…
Rabbet customers who add the Send to AvidXchange feature can now easily send coded invoices directly to AvidXchange for invoice processing, payment, and posting to accounting…
When planning the project, you predict uncertainty by including a contingency. The change order is the process of transforming this…
Rabbet, the leading provider of real estate development management software, today announced a partnership with AvidXchange, the leading provider of…
Knowing capital needs on a construction project is critical to ensure proper cash reserves and interest reserves. Rabbet users can…
Is your office during the warm months? For a large number of employees, summer vacation season is an important time…
Rabbet’s 2021 State of Construction Finance Report revealed that most lenders and developers are using spreadsheets to carry out major…
The 2021 State of Construction Finance Report dives deep into how processes and perceptions of construction finance have changed as…
First and foremost you need to digitize your process. But hold on, before you go out and buy a smartwatch…
Imagine how much time you could save by eliminating back-and-forth document transfers. Picture a world where you don’t have to…
It’s happened to you. It’s happened to your friend. It will probably happen to you again. You get sent something…
Let’s face it, tracking funding sources and their disbursement restrictions across line-items can be cumbersome. You have to remember which…
You may find that every time a new draw request comes in you spend considerable time checking the previous draw…
Ahh, good ol’ pay apps. After manually comparing the G702 and G703 there’s a good chance the figures don’t match…
To increase loan servicing quality and mitigate risk, it’s important to ensure individual line items satisfy loan covenants, don’t overdraw,…
Many lenders rely on analysts and excel reports to get updates on project status. While that solution works for some…
Imagine this scenario: You’re almost there. You’ve reconciled ‘amount requested’, compared documents, triple-checked line items, and made sure all lien…
Reviewing and reconciling lien waivers is another step you can streamline. If your current process requires team members to manually…
First and foremost you need to centralize and connect your project finances. But hold on, before you start copying everything…
It’s happened to you. It’s happened to your friend. It will probably happen to you again. You find inconsistencies, a…
When it comes to addressing problems, it’s easier if you know about them earlier. The sooner you know about it,…
Your team needs a way to track vendors across projects and instantly gain visibility into exposure. Similarly, the reporting solution…
How efficiently you communicate with colleagues, lenders, equity partners and service providers impacts productivity significantly. Three key areas to examine…
Imagine how much time you could save by eliminating back-and-forth document transfers. Instead, equip your team with an intelligent document…
Ahh, good ol’ pay apps. After manually comparing the G702 and G703 there’s a good chance the figures don’t match…
Mistakes happen, but that’s no consolation to the lender who dispersed the incorrect funds, the developer who accidentally approved a…
The business of lending is built on one part trust, one part faith and a whole lot of underwriting. Lenders…
Small business owners have a variety of options to choose from when they’re looking for additional funds. This can be…
Schedules do two things: they create accountability and they ensure your project adheres to the pre-established parameters – namely, timeline…
It’s every business’ goal to do things quicker, easier, cheaper. Construction finance is no different, especially as developers face increased…
The terms “construction” and “loan” often evoke images of endless paperwork. Combine the two, and that paperwork can amount to…
January 19th, 2021 – Original Press Release: Businesswire Torrance, CA – Partner Engineering and Science, Inc. (Partner), a national engineering,…
Sometimes the smallest savings can yield the biggest results, and our clients have definitely found that to be true of…
Change orders are often viewed as a necessary evil when it comes to successfully developing a project. That’s because it…
Last week Rabbet sponsored the Mortgage Banker’s Association’s “Bank CRE Lending Report & CREF Ecosystem Outlook”. During which a panelist…
Everyone has concerns when the economic outlook isn’t as good as it could be – or has been. These concerns…
There is a lot on the line when it comes to your project’s construction finances. Securing the loan is one…
The 2020 Construction Payments Report, exploring the rapidly accelerating costs associated with slow payments in the construction industry, is now…
Each year Rabbet surveys commercial real estate lenders and developers to uncover the latest industry trends in CRE. In 2019’s…
Construction Loan Administration has an abundance of data. In recent years, the ability to quickly structure that vast amount of…
The construction landscape is changing daily as COVID-19 restrictions ebb and flow across different areas of the United States. This…
Our relationship with money has changed. As cash has become disassociated with the tangible asset in your wallet, we’ve increasingly…
Enterprises are expected to spend $1.3 trillion in digital transformation projects this year. Unfortunately, about 70 percent of those investments—adding up to…
While researching the impact of slow payments for our 2019 Construction Payments Report, we uncovered an unsettling statistic about mental…
Developing commercial real estate in New York is anything but simple. And if you’re having trouble streamlining your construction finance…
They say it takes a village to raise a child. In reality, it also takes a village to raise a…
Today we introduce Rabbet. As our technology, customer base, and team evolved, it became increasingly clear that we outgrew the…
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Every loan-funded construction project will require a number of periodic onsite inspections. As the lending institution provides the funds for…
Complicated and multi-faceted endeavors with a large number of involved parties, construction projects encompass a broad range of potentially risky…
Construction projects are complicated endeavors with numerous participants and processes. This is why it is nearly impossible to predict the…
Construction projects and loans obtained to finance them contain a number of articles that may seem trivial at first but…
Choosing a loan for your construction project is one of the most important decisions you will make. It is a…
There are numerous factors that make up the price of a condo: size, location, quality of construction, interior works and…
The demand for construction loans has seen a steady growth over the past few years, and recent analysis shows the…
Security is a top priority at Rabbet. In a world where fraud is rampant and becoming an increasingly larger concern…
The United States is experiencing one of the most prolonged economic growth cycles on record. This cycle has led to…
One of the main problems we’ve encountered in our work is the general lack of familiarity and understanding of basic…
Land development loans provide financing for the purchase of raw land, as well as its development for future construction or…
Residential construction is the development of real estate for living whereas commercial building is intended for commerce. Traditionally, community banks…
While there is a variety of construction loans on offer, the process of underwriting a construction loan is essentially the…
An essential part of managing construction loan risk is to align invoiced work with the project timeline and budget. The…
A third-party construction draw inspection happens when the inspector, often hired by the lender, reviews the progress of a construction…
What is a construction loan? That’s a beefy question with lots of variables. In this post, we’ll provide a big…
At the CRETech Conference last week, Brad Griewe of Fifth Wall Ventures and Josh Stein of Harbor discussed the three…
Following the financial and banking crisis from 2008 to 2013, almost 500 banks failed. The cost to the FDIC fund…
There are a variety of types of construction loans on the market today. The Urban Land Institute’s (ULI’s) three-year economic…
There’s a four-letter word we hate to hear in the construction loan monitoring. The word is RISK and, like an…
The phone rings. It’s your accountant telling you that your bank overpaid a construction draw by almost $50,000 and the…
In this example, Heritage Bank of America is a commercial construction lender with a $500M portfolio. They manage dozens of…
Contract Simply CEO Will Mitchell recently presented preliminary findings from the Contract Simply First Annual Construction Payments Report as the…
We recently attended the American Banker-hosted webcast Addressing Market Needs for Business Process Automation. The panel discussion revolved around research…
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
The Fed typically reports about half of the actual lending commitments. So, with U.S. commercial real estate and land development…
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
In a perfect real estate development world, construction contractors do a stellar job, their draw request is approved, and lenders…
One of the hottest technologies is machine learning in banking. Many of us experience the outcomes of machine learning every…
Modern technology aims to simplify all processes and aspects of human existence. And the tasks associated with managing the construction…
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Although post-closing management of construction loans is an area ripe for game-changing process improvement, it has been largely underserved by…
