Check out the latest and greatest from the team at Rabbet.
How lenders and developers spend excessive time processing draws on construction projects, the inefficiencies inherent in current processes, and why embracing technology is crucial for streamlining operations and driving future success.
How data empowers commercial real estate developers to make better decisions and ultimately save money in various ways.
Rabbet, the leading provider of construction finance software, today launched its cutting-edge generative AI feature, Rabbet Vantage. Applying Rabbet's conversational query experience to the wealth of construction finance data tracked... Read More
Our latest State of Construction Finance Report revealed how critical software adoption is for this industry. In a time when deal volume is down, industry leaders are investing their teams time in preparing for the future.
If you don’t have time to go through the entire of Rabbet’s 2023 State of Construction Finance Report yet, but you’re curious as to the findings, we’ve got you covered! Here is a summary of this year’s report.
Understanding and accounting for the tax laws for a real estate development project is critical. This comprehensive guide gives an overview of the three main types of sales taxes that... Read More
Rabbet, the leading provider of construction finance software announced today that it has partnered with Berkadia, the top FHA construction loan servicer, to double servicing capacity. Berkadia’s adoption of Rabbet’s... Read More
Knowing capital needs on a construction project is critical to ensure proper cash reserves and interest reserves. Rabbet users can forecast what funding sources are going to be drawn during which months on the project then ensure sufficient interest reserves remain available.
To finance slow payments, the estimated overhead included in subcontractors’ bids is 2.75% and 5.81% for general contractors. This year’s report uncovered that slow payments to subcontractors and general contractors will create $136B in additional costs for the US Construction Industry in 2021.
General contractors and subcontractors estimate that the cost of floating payments for wages and invoices represents $136 billion in excess cost to the industry, a 36 percent increase from the cost reported in 2020. Findings indicate those costs are passed on to real estate developers and financiers in the form of project delays and higher bids from contractors.
