How is Rabbet different from other construction loan management software?
Other construction loan management software only organizes the construction loan management process. Rabbet actually reduces the number of time-consuming, error-prone steps while liberating powerful project information from disconnected spreadsheets and PDFs.
Does my borrower have to use Rabbet too?
No. Rabbet helps Lenders streamline workflow regardless of whether your borrowers use it.
Rabbet's construction finance platform offers a standalone experience for construction lenders. The platform makes it easier for lenders to review and approve draws, assess project risk, and make faster decisions.
However, we encourage you to ask your borrowers about Rabbet so they can submit draws faster and with less error.
I already have spreadsheet macros and efficient processes, how can Rabbet help?
We love spreadsheets and macros too. We automatically extract information from your powerful spreadsheets and make it easy to access for everyone on your team. Never send a spreadsheet back and forth again or worry about data staying consistent each time it changes hands. Once uploaded, you can customize columns, sort fields and structure data directly within Rabbet.
How does pricing work?
Pricing for Rabbet is based on project volume, length, and size. We are extremely transparent with pricing and are able to give you clear guidance once we understand your business model and goals.
How long does it take to get running on Rabbet?
Our customer success team can help get your first loan in the platform in less than a week. No long technical implementations or development work needed. We work with you to establish a timeline to roll out Rabbet for your entire portfolio.
How hard is it to learn Rabbet?
We make it as easy for you as possible!
Our software is intuitive and we also have our amazing Customer Success Team to guide you through onboarding and through your continued use of Rabbet.
That's right! We have a team of REAL PEOPLE ready to help you with any questions that may come up when you're in the software. We also have an in-app chat feature that allows you to send us inquiries and questions 24/7.
We already have a project management and/or an accounting system. Why is Rabbet different?
Rabbet is purpose-built for managing construction finances and compliments your existing project management and accounting tools. Because Rabbet automatically parses information from documents, you can get all the benefits of automatic reconciliation, instant compliance, and easy approvals without duplicating your work in these other systems.
Can I use Rabbet if I am halfway through my project?
Yes! You never need to utter the words, “I wish I found this sooner.”
The platform works seamlessly with inflight loans. Loading historical draws is not required, but we do recommend it to improve your portfolio reporting experience. It’s easy to onboard project history yourself, or our team can get you set up.
Why did you build Rabbet?
Contractors finance more than 54 days of accounts receivables on average — the longest of any industry. Developers have the burden of acting as the middle man between lenders and contractors and spend an outsized amount of time on this responsibility without seeing much value. It’s the process, not the people, that leads to slow payments, and Rabbet is on a mission to support the connected construction economy in achieving frictionless finance.