From Excel Overload to Automation: Enhancing Risk Management in Real Estate Development
Developers are united in one universal struggle: Excel. Excel is the industry standard tool in Commercial Real Estate. It’s the…
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How to Stop Continually Searching for Documents and Automate Instead
The benefits of automation for property developers extend far beyond saving time. Improving the accuracy of your draws and successfully…
Why You Should Consolidate Portfolio Data in One Place
The proliferation of systems, data, and devices can be extremely helpful in our daily work and personal lives. Unfortunately, data…
Risk Management and Efficiency Key Priorities for CRE Developers and Lenders in 2024
The world of construction finance is rapidly evolving, and 2024 has brought some pivotal shifts that are reshaping how developers…
Reflecting on 2023, Looking Ahead to 2024
Twelve months ago, I reflected on the difficulties in investing in CRE due to the uncertainty in the market and…
Solving the $273 Billion Challenge: Construction Payments Insight for 2023
Every year, Rabbet releases our Construction Payments Report which shares insights into the growing costs from slow payments in the…
The Real Estate Developers Handbook: Anticipated Cost Tracking in Rabbet Reports Made Easy
Rabbet was built to ensure proper centralization of your information, to drive project insights, and ensure stakeholder confidence.
The Real Estate Developers Handbook: Budget Tracking Best Practices
With the ability to effectively centralize and compare the budget, contracts and costs, a developer can prevent future issues on…
The Real Estate Developers Handbook: The Role of Budgets in CRE
In this series, we delve into the compelling reasons why meticulous budget tracking is the cornerstone of prosperous real estate…
Streamlining Construction Draws: The Power of Technology in Improving Efficiency
How lenders and developers spend excessive time processing draws on construction projects, the inefficiencies inherent in current processes, and why…
Leveraging Data: Empowering Commercial Real Estate Developers for Success
How data empowers commercial real estate developers to make better decisions and ultimately save money in various ways.
64% of Construction Lenders and Real Estate Developers Report Adopting Software to Stay Ahead in 2023
Our latest State of Construction Finance Report revealed how critical software adoption is for this industry. In a time when…
TLDR: Rabbet’s 2023 State of Construction Finance Report
If you don’t have time to go through the entire of Rabbet’s 2023 State of Construction Finance Report yet, but you’re…
Canadian Real Estate Taxes Made Simple: A Comprehensive Guide
Understanding and accounting for the tax laws for a real estate development project is critical. This comprehensive guide gives an…
Stop Using Old School Spreadsheet Templates for Commercial Real Estate Development
Using spreadsheets instead of leveraging construction finance technology can cost real estate developers money and add risk to their projects.…
The Best Time to Adopt Real Estate Development Software
With interest rates high and demand uncertain, the real estate industry is broadly expecting a reduction in production this year.…
Reduce Risk, Delays, and Budget Overruns on a Commercial Real Estate Project
Commercial real estate development projects can be complex and involve many stakeholders and processes, which can lead to risk, delays,…
Why is Rabbet the Best Software for Construction Finance Management?
Rabbet is a cloud-based construction finance platform that is designed to streamline the construction finance process, enabling real estate developers,…
How to Build your Next Development Project with Confidence
Building a commercial real estate development project with confidence involves careful planning and execution. Of course, a commercial real estate…
Berkadia Doubles FHA Financing Servicing Capacity by Partnering with Rabbet
Rabbet, the leading provider of construction finance software announced today that it has partnered with Berkadia, the top FHA construction…
2022 Construction Payments Report Takeaways
Rabbet – the leading provider of construction finance software for commercial real estate developers, development service providers, construction lenders, and…
REPORT: THE $208B COST OF SLOW PAYMENTS TO THE CONSTRUCTION INDUSTRY
Timely payments to general contractors and subcontractors reduce project risk, added costs, and delays. Rabbet’s 2022 Construction Payments Report dives…
Real Estate Development Document Management
Real estate development involves the careful management of many different business processes. From initial development needs like land assessment, permits,…
Managing Your Real Estate Development Project Timeline
Managing real estate development is a tricky task with a high risk of failure. You must be on top of…
Managing Contingency in a Construction Project
Even the best-laid plans can change. During construction projects, project managers and their organizations must stay ahead of all alterations…
Streamline Construction Loan Administration
Construction loan administration in commercial real estate requires precision. You must time draw requests perfectly to keep your commercial real…
How Team Collaboration Software Improves the Construction Development Process
The construction development process is complex, requiring interaction between several companies and departments. Team collaboration software simplifies construction project management…
Construction Loan Software in NYC
Rabbet’s construction loan management software is designed to make each step of the construction loan process as simple as possible.…
Commercial Real Estate Software in Dallas
Searching for Commercial Real Estate Software in Dallas? Innovative commercial real estate software allows you to remain adaptable while propelling…
Loan Servicing Software in Dallas
Real estate and construction are complex industries. However, the truth is large projects in these industries they can be made…
Loan Servicing Software in NYC
Searching for the best loan servicing software in NYC? Rabbet is an all-in-one AI driven software platform that helps construction…
Real Estate Development Software in Dallas
Are you a real estate developer in Dallas? Are you looking for the perfect software to make your projects efficient?…
Real Estate Development Software in NYC
Searching for the best real estate development software in NYC? Rabbet provides an excellent all-one-one financial software platform for real…
Construction Risk Management in NYC
Construction is a booming industry, and it’s only going to continue growing in the future. From new buildings in major…
Construction Risk Management in Dallas
With greater forethought, there will be fewer setbacks. By utilising Rabbet’s software for construction risk management in Dallas before breaking…
Why Rabbet Integrates with AP and Accounting Systems
Why is Rabbet building integrations with every major accounting software? Development management and accounting are distinct and important activities for…
The Basics of Contingency on Construction Projects
Knowing capital needs on a construction project is critical to ensure proper cash reserves and interest reserves. Rabbet users can…
Software for Real Estate Development in NYC
Know Your Real Estate Development Projects, Under One Platform with Rabbet Real estate development is difficult and there is a…
Software for Real Estate Development in Dallas
We know that when it comes to developing real estate projects there is a lot that needs to be considered.…
Construction Loan Software in Dallas
Construction projects are some of the most complex in the world. They also have among the highest risk in lending…
Commercial Real Estate Software in NYC
Rabbet – Software for Commercial Real Estate Developers It’s important to get deep and accurate insights into your commercial real…
2021 Construction Payments Report Highlights
To finance slow payments, the estimated overhead included in subcontractors’ bids is 2.75% and 5.81% for general contractors. This year’s…
Slow Payments to Cost the Construction Industry $136B in 2021
General contractors and subcontractors estimate that the cost of floating payments for wages and invoices represents $136 billion in excess…
Rabbet Customers Can Now Send Invoices Data Directly to AvidXchange
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…
9 Best Practices for Managing Change Orders as a Real Estate Developer
When planning the project, you predict uncertainty by including a contingency. The change order is the process of transforming this…
Rabbet Announces Partnership with AvidXchange to Enhance the Invoice Management Process for Real Estate Development Teams
Rabbet, the leading provider of real estate development management software, today announced a partnership with AvidXchange, the leading provider of…
Project Forecasting
Knowing capital needs on a construction project is critical to ensure proper cash reserves and interest reserves. Rabbet users can…
The Excel Paradox
Rabbet’s 2021 State of Construction Finance Report revealed that most lenders and developers are using spreadsheets to carry out major…
2021 CONSTRUCTION FINANCE TRENDS
The 2021 State of Construction Finance Report dives deep into how processes and perceptions of construction finance have changed as…
Construction Lender Efficiency Tip #1 – Digitize your Draw Management Process
First and foremost you need to digitize your process. But hold on, before you go out and buy a smartwatch…
Construction Lender Efficiency Tip #2 – Centralize and Classify Documents in One Location Using OCR
Imagine how much time you could save by eliminating back-and-forth document transfers. Picture a world where you don’t have to…
Construction Lender Efficiency Tip #3 – Setup Automated Checks for Compliance and Data Discrepancies
It’s happened to you. It’s happened to your friend. It will probably happen to you again. You get sent something…
Construction Lender Efficiency Tip #4 – Map Funding Sources and Uses Upfront, then Automate Disbursement Logic
Let’s face it, tracking funding sources and their disbursement restrictions across line-items can be cumbersome. You have to remember which…
Construction Lender Efficiency Tip #5 – Eliminate Time Spent Maintaining Spreadsheets and Rolling Over Formulas
You may find that every time a new draw request comes in you spend considerable time checking the previous draw…
Construction Lender Efficiency Tip #6 – Automate Pay App Reconciliation and Retainage Calculations
Ahh, good ol’ pay apps. After manually comparing the G702 and G703 there’s a good chance the figures don’t match…
Construction Lender Efficiency Tip #7 – Automate Lien Waiver Reconciliation
Reviewing and reconciling lien waivers is another step you can streamline. If your current process requires team members to manually…
Construction Lender Efficiency Tip #8 – Spend Time Resolving Discrepancies, Not Finding Them
To increase loan servicing quality and mitigate risk, it’s important to ensure individual line items satisfy loan covenants, don’t overdraw,…
Construction Lender Efficiency Tip #9 – Give your Team Access to Portfolio Data That Was Previously Unreachable
Many lenders rely on analysts and excel reports to get updates on project status. While that solution works for some…
Construction Lender Efficiency Tip #10 – Streamline Approval Processes and Offer 24/7 Visibility into Approval Status
Imagine this scenario: You’re almost there. You’ve reconciled ‘amount requested’, compared documents, triple-checked line items, and made sure all lien…
Real Estate Development Team Efficiency Tip #8 – Automate Lien Waiver Reconciliation
Reviewing and reconciling lien waivers is another step you can streamline. If your current process requires team members to manually…
Real Estate Development Team Efficiency Tip #1 – Centralize and Digitally Connect all Project Information
First and foremost you need to centralize and connect your project finances. But hold on, before you start copying everything…
Real Estate Development Team Efficiency Tip #2 – Track all Current and Upcoming Costs Confidently (Stay Ahead)
It’s happened to you. It’s happened to your friend. It will probably happen to you again. You find inconsistencies, a…
Real Estate Development Team Efficiency Tip #3 – Spend Time Solving Problems, Not Searching for Them
When it comes to addressing problems, it’s easier if you know about them earlier. The sooner you know about it,…
Real Estate Development Team Efficiency Tip #4 – Empower your Team to Compare Data, and Exposure Across Projects
Your team needs a way to track vendors across projects and instantly gain visibility into exposure. Similarly, the reporting solution…
Real Estate Development Team Efficiency Tip #5 – Streamline Communication with Internal and External Parties
How efficiently you communicate with colleagues, lenders, equity partners and service providers impacts productivity significantly. Three key areas to examine…
Real Estate Development Team Efficiency Tip #6 – Use an Intelligent Document Organization System
Imagine how much time you could save by eliminating back-and-forth document transfers. Instead, equip your team with an intelligent document…
Real Estate Development Team Efficiency Tip #7 – Automate Pay App Reconciliation and Retainage Calculations
Ahh, good ol’ pay apps. After manually comparing the G702 and G703 there’s a good chance the figures don’t match…
How Machine Learning Can Aid in Error Detection for Construction Finance
Mistakes happen, but that’s no consolation to the lender who dispersed the incorrect funds, the developer who accidentally approved a…
The Complete Guide to Unconditional Lien Waiver and Release Forms
An unconditional release differs from a conditional release because the moment you sign the document, you’ve immediately given up your…
The Construction Process from the Lender’s Point of View
The business of lending is built on one part trust, one part faith and a whole lot of underwriting. Lenders…
The Difference Between SBA 7a and SBA 504 Loans
Small business owners have a variety of options to choose from when they’re looking for additional funds. This can be…
Keep Your Project on Track with a Clear Monthly Schedule
Schedules do two things: they create accountability and they ensure your project adheres to the pre-established parameters – namely, timeline…
The Future of Automation in Construction Finance
It’s every business’ goal to do things quicker, easier, cheaper. Construction finance is no different, especially as developers face increased…
Lenders: Be Mindful of the Documentation You’re Requiring
The terms “construction” and “loan” often evoke images of endless paperwork. Combine the two, and that paperwork can amount to…
Partner ESI Selects Rabbet for Enhanced Visibility Across Billions of Dollars in Construction
January 19th, 2021 – Original Press Release: Businesswire Torrance, CA – Partner Engineering and Science, Inc. (Partner), a national engineering,…
Rabbet’s Big Value for Small Projects
Sometimes the smallest savings can yield the biggest results, and our clients have definitely found that to be true of…
7 Tips for Managing Change Orders
Change orders are often viewed as a necessary evil when it comes to successfully developing a project. That’s because it…
Is Construction Lending Safer than Stabilized Assets?
Last week Rabbet sponsored the Mortgage Banker’s Association’s “Bank CRE Lending Report & CREF Ecosystem Outlook”. During which a panelist…
Do Payments Slow as the Economy Slows?
Everyone has concerns when the economic outlook isn’t as good as it could be – or has been. These concerns…
How Developers Leverage Technology to Gain 24/7 Visibility into Construction Finances
There is a lot on the line when it comes to your project’s construction finances. Securing the loan is one…
REPORT: Cost of Slow Payments in the Construction Industry Soars 56% to $100 Billion in 2020
The 2020 Construction Payments Report, exploring the rapidly accelerating costs associated with slow payments in the construction industry, is now…
2020 State of Construction Finance
Each year Rabbet surveys commercial real estate lenders and developers to uncover the latest industry trends in CRE. In 2019’s…
Actionable Intelligence for Construction Loan Administration
Construction Loan Administration has an abundance of data. In recent years, the ability to quickly structure that vast amount of…
Construction Status by State
The construction landscape is changing daily as COVID-19 restrictions ebb and flow across different areas of the United States. This…
How Slow Payments Impact the Entire Construction Industry
Our relationship with money has changed. As cash has become disassociated with the tangible asset in your wallet, we’ve increasingly…
The Custom-Fit Failure of Digital Transformation
Enterprises are expected to spend $1.3 trillion in digital transformation projects this year. Unfortunately, about 70 percent of those investments—adding up to…
Mental Health in the Construction Industry
While researching the impact of slow payments for our 2019 Construction Payments Report, we uncovered an unsettling statistic about mental…
Overcoming Affordable Housing Finance Challenges
As millennials age, baby boomers retire and downsize, and costs-of-living continue to rise, the demand for affordable housing is reaching…
New York Lien Law: How to Simplify Your Construction Finance Tracking
Developing commercial real estate in New York is anything but simple. And if you’re having trouble streamlining your construction finance…
2019 State of Construction Finance: Key Takeaways
They say it takes a village to raise a child. In reality, it also takes a village to raise a…
Contract Simply is now Rabbet
Today we introduce Rabbet. As our technology, customer base, and team evolved, it became increasingly clear that we outgrew the…
2018 Year In Review
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Preventing Construction Loan Fraud
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
The Basics of Walking with the Bank Inspector
Every loan-funded construction project will require a number of periodic onsite inspections. As the lending institution provides the funds for…
The Basics of Lien Waivers
Complicated and multi-faceted endeavors with a large number of involved parties, construction projects encompass a broad range of potentially risky…
The Basics of Reallocations and Change Orders
Construction projects are complicated endeavors with numerous participants and processes. This is why it is nearly impossible to predict the…
The Basics of Stored Materials in Construction
Construction projects and loans obtained to finance them contain a number of articles that may seem trivial at first but…
The Basics of Retainage
What is Retainage? Retainage is the withholding of a portion of the funds that are due to a contractor or…
How to Choose the Right Lender for Your Construction Loan
Choosing a loan for your construction project is one of the most important decisions you will make. It is a…
The Most Expensive Condos in the U.S.
There are numerous factors that make up the price of a condo: size, location, quality of construction, interior works and…
Growth Continues for Residential Construction Loans
The demand for construction loans has seen a steady growth over the past few years, and recent analysis shows the…
Best Practices for Avoiding Fraud
Security is a top priority at Contract Simply. In a world where fraud is rampant, we must constantly think about…
Future-Proof Your Construction Lending Program
The United States is experiencing one of the most prolonged economic growth cycles on record. This cycle has led to…
Key Construction Loan Management Terms
One of the main problems we’ve encountered in our work is the general lack of familiarity and understanding of basic…
Your Construction Loans Don’t Get A Summer Vacation
Is your office empty these days? For a large number of employees, summer vacation season is an important time of…
What to Review When Originating a Land Development Loan
Land development loans provide financing for the purchase of raw land, as well as its development for future construction or…
What to Review When Originating a Residential Construction Loan
Residential construction is the development of real estate for living whereas commercial building is intended for commerce. Traditionally, community banks…
Construction Loan Administration Jobs for July 25 2018
Contract Simply likes to share a few of the most current and interesting job opportunities for construction loan administration. These…
What is a draw request?
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
What To Review When Originating a Commercial Construction Loan
With real estate market trends indicating a steady growth for the near future, interest in construction loans is bound to…
What to Review In Third-Party Inspection Reports
An essential part of managing construction loan risk is to align invoiced work with the project timeline and budget. The…
Three Example Issues Uncovered by a Third-Party Draw Inspection Report
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?
What is a construction loan? That’s a beefy question with lots of variables. In this post, we’ll provide a big…
Fractional Ownership is Bad for the US Retail Investor
At the CRETech Conference last week, Brad Griewe of Fifth Wall Ventures and Josh Stein of Harbor discussed the three…
New HVCRE Capital Requirements and the Commercial Real Estate Sector
Following the financial and banking crisis from 2008 to 2013, almost 500 banks failed. The cost to the FDIC fund…
What are the Types of Construction Loans?
The Urban Land Institute’s (ULI’s) three-year economic forecast indicates that the U.S. commercial real estate market can expect continued growth…
Eight Construction Loan Monitoring Reports That Crush Risk
There’s a four-letter word we hate to hear in the construction lending space. The word is RISK and, like an…
Contract Simply Uncovers $40 Billion of Excess Costs in Construction Industry
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Case Study: Manual Construction Loan Process Leads to Undocumented Draw
The phone rings. It’s your accountant telling you that your bank overpaid a construction draw by almost $50,000 and the…
Example of Machine Learning in Banking and Construction Loan Management
In this example, a bank, let’s call them First Federal, is a commercial construction lender with a $500M portfolio. They…
Will Mitchell Presents Construction Payments Study Findings to The Society for Construction Solutions
Contract Simply CEO Will Mitchell recently presented preliminary findings from the Contract Simply First Annual Construction Payments Report as the…
Three Loan Servicing Challenges and Process Automation Solutions
We recently attended the American Banker-hosted webcast Addressing Market Needs for Business Process Automation. The focal point of the panel…
How Construction Loan Software Fast Tracks the Construction Draw Process
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Award-Winning Construction Loan Management Software
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
How Construction Loan Software Cuts Draw Application Processing in Half
Imagine that instead of biting your nails for five days (or is it nine days?) manually reviewing and approving a…
Top Five Uses of Construction Loan Management Software
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Construction Loan Management and the 2018 LendIt Fintech Conference
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Embracing Mechanic’s Liens with Construction Loan Software
In a “sunshine and rainbows” world, construction contractors do a stellar job, their draw request is approved, and lenders pay…
Machine Learning in Banking and Construction Loan Administration
One of the hottest trends right now is machine learning in banking. The eye-opening implications technological advances like machine learning…
Construction Loan Software Expedites the Construction Draw Process
Modern technology aims to simplify all processes and aspects of human existence. And the tasks associated with managing the construction…
Infographic: Construction Loan Administration 2018 Survey Results
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
Draw Processing: Why Lenders and Borrowers Disagree
Contract Simply is now Rabbet. We’re the same company – just with a new name – building the only intelligent…
SaaS – Digital Trends in Construction Loan Administration
Although post-closing management of construction loans is an area ripe for game-changing process improvement, it has been largely underserved by…