Construction Lenders
The best way to manage construction loans
Manage hard costs, soft costs, inspection reports, funding sources, draw requests and project tracking in one place with comprehensive portfolio level reporting.
Schedule a demoNo more scattered documentation, manual reconciliation, or paper processes
75%
Less manual
work
40+
Points of compliance
automated
1
Place to track
everything
Centralize Information
Track projects, draws, budgets, covenants, approvals, lien waivers and more, all in one secure place.
Identify Issues
Specify loan covenants and Rabbet quickly analyzes all relevant data to identify errors or rule violations.
Streamline Workflow
Fix issues, manage approvals and analyze critical metrics for every loan directly within Rabbet.
Financial institutions trust Rabbet to support projects from $500,000 to over $500 million
It's got tools that help the team at the project level run through the regular draw process very efficiently, save time, and get payments out faster... but then it is able to aggregate what we are doing on a monthly basis overall in a platform view. There are significant benefits from where I sit to have all that information consolidated in one point.
David Bell
Managing Director, Construction Group
Goldman Sachs
Why CRE Lenders Love Rabbet
Significantly Faster Draw Reviews
Boost productivity and shorten the time it takes to review draw requests by eliminating steps and streamlining processes.
Less Time Spent on Redundant Tasks
Eliminate hours of redundant work and manual data entry by letting Rabbet track documents, approvals, and covenants for you.
One Place to Monitor Every Loan
Easily view a summary of all ongoing loan projects alongside critical metrics like percent complete, amount funded and more.
No Scattered Documentation
Spend less time searching. Rabbet automatically attaches relevant loan documents to every line item, digitizes them and connects project data.
Great Visibility Into Risk and Exposure
Proactively fix problems before they happen. Rabbet automatically scans your projects, alerts you if something isn't right, and tracks workflow for compliance.
Better Reporting & Actionable Intelligence
Know what's happening across your entire portfolio with customizable dashboards and reports offering insights you can act on.
How financial institutions use Rabbet
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Create a project
Upload a budget, identify funding resources and specify rules or covenants your loans must satisfy.
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Upload loan documents or draw packages
When you upload draw documents Rabbet will automatically attach them to relevant line items, digitize data from PDF's and spreadsheets, and make the data accessible for reporting.
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Let Rabbet identify issues and guide workflow
Rabbet analyzes loan documents and automatically alerts loan administrators to issues. Track approvals, workflow and compliance directly within Rabbet to keep projects moving efficiently.
Features
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Automatic checks for rules & covenants
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Document to line item assignment
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Internal approval tracking
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Complete budget tracking
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Draw history / automatic rollover
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Document classification
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Funding source management
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Document info extraction
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Lien waiver reconciliation
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Detailed use tracking
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Access for third parties
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Custom reporting
Rabbet is the intelligent platform for construction projects from $500,000 to over $500 million.
- Office
- Multi-family
- Industrial
- SBA
- HUD
- Hospitality
- Healthcare
- Retail
Rabbet can adapt to your unique lender needs.
Contact us today to get started.
Frequently Asked Questions
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?
No. Rabbet helps Lenders streamline workflow regardless of whether your borrowers use it.
How long does it take lenders to get up and 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.
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.
Why did you build Rabbet?
In the US, contractors finance more than 54 days of accounts receivables on average — the longest of any industry. This is an undue burden on small businesses and an untapped opportunity for lenders. Rabbet works to speed construction loan funding to benefit everyone involved in construction financing.