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Using Excel for real estate project management? It might be time to try a new solution. Given the complex nature of construction lending, modern software solutions help streamline operations, reduce errors, and boost efficiency for all parties involved, ultimately leading to better returns on investment.

Rabbet’s 2021 State of Construction Finance Report revealed that most lenders and developers are using spreadsheets to carry out major parts of their process, but complain about its inefficiency.

While many factors are at play in a mechanic's lien, there are ways to make it easier. Here are some real-life examples of mechanic's liens and ways to streamline the lien process.

Effectively managing real estate development begins with understanding the business processes property managers must undertake. Seasoned developers will tell you that the real estate development timeline is long and complex, with many pitfalls. Let's take a look at how to mitigate some of the most common timeline risks.

The origination of a development loan is a multi-step process that takes into account all actions, from the application submission down to the ultimate disbursal of funds, and requires a detailed investigation into the qualifications and backgrounds of all related parties.

Check out this blog to get definitions of some of the most common construction loan terms.

Construction lending provides developers with essential funding through various loan types to transform raw land into completed buildings, requiring a mix of trust, faith, and thorough underwriting. Lenders who specialize in construction financing typically earn higher margins than traditional lenders due to the increased risks during the construction phase, working alongside developers through project completion until the loan is either repaid through sale, refinancing, or permanent financing.

Rabbet, the leading provider of real estate development management software, today announced a partnership with AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market. The partnership will enhance the invoice management process for real estate development teams.

Construction loan software modernizes the traditionally time-consuming construction draw process by automating tasks and enabling real-time project monitoring for lenders and borrowers. This solution delivers significant benefits including a reduction in administrative time, improved risk management, and increased interest earnings for lenders.