The 2019 State of Construction Finance Report
In 2019, Rabbet discovered that construction finance is still largely dominated by a technology that is four decades old: spreadsheets. Only 48% of construction finance data is in a system, leaving the remaining half trapped in spreadsheets, pdfs, and emails.
As a result of outdated systems, nearly a third of lenders don’t have portfolio-level reports, and nearly half of borrowers aren’t confident that they submit draw requests with all the required information
2019 State of Construction Finance Report Highlights:
- Outdated systems mean that nearly half of relevant construction finance data is siloed
- 42% of developers are not confident that they submit draw requests with all the required information
- Nearly 1/3 of lenders do not have the ability to generate portfolio-level reports
Download your free copy of the report and discover how lenders and developers are hindered by their reliance on outdated software.
