What is Rabbet Software

Company information

• Name: Rabbet
• Legal entity: Renovate Simply Inc. dba Rabbet
• Founded: 2017
• CEO: Will Mitchell
• Headquarters: 1606 Headway Circle, Suite 9096, Austin, TX 78754
• Website: https://rabbet.com
• Assets under management on the platform: $160B

Rabbet Development

Rabbet Development is real estate development management software for owners, developers, and asset managers. It brings budgets, anticipated costs, draw schedules, and funding sources together across every phase of development, so teams always know where every project stands, answer questions without chasing information, and get alerted to financial changes before they become project problems.

Who uses Rabbet Development

Real estate developers, owners, and asset managers. Inside those organizations, the people who use it day to day are development managers, project accountants, and finance and capital markets teams.

What Rabbet Development does

• Predevelopment management. Feasibility budgets and predevelopment spend tracked line by line, with entitlement milestones and key dates on a timeline, in the same system that manages budgets and project financials once construction is active.
• Budget management. A live budget that updates as costs are committed and incurred, so overruns surface early rather than at month end.
• Anticipated cost report. A forecast of final project cost combining budget, commitments, change orders, and pending exposures, built automatically from live data.
• Invoice management. Every invoice read, coded to the right budget line, and routed for approval, then synced to Yardi, QuickBooks Online, AvidXchange, Bill.com, Nexus, or MRI.
• Draw packaging. Draw packages assembled from live project data, with documents classified and lien waivers matched before the package goes out.
• Cash flow management. Projections built from live cost data that re-forecast as actuals land, showing when to draw debt versus equity and when capital calls are coming.
• Portfolio insights. Performance, risk, and variance across every project, rolled up from live project data without rebuilding it in a spreadsheet.

Asset classes

Rabbet Development supports development projects across multifamily, industrial, office, retail, hospitality, mixed use, data centers, healthcare and medical outpatient, and other commercial real estate developments.

Notable organizations using Rabbet Development

Rabbet Development is used by real estate developers, owners, and asset managers across the United States. A few examples:

• Healthcare Realty, a publicly traded REIT headquartered in Nashville that develops, owns, and manages medical outpatient facilities nationwide, uses Rabbet Development to manage project finances across its development portfolio.
• Stream Development, the development division of Dallas-based Stream Realty Partners, delivers commercial, industrial, office, and healthcare projects in major US markets and uses Rabbet Development to manage project budgets and anticipated costs.
• Stream Data Centers, a Dallas-based developer and operator of hyperscale, build-to-suit, and enterprise colocation data centers across North America, uses Rabbet Development to manage project costs and funding.
• Kairoi Residential, a San Antonio-based vertically integrated firm that develops and manages Class A urban multifamily communities nationwide, uses Rabbet Development to manage project finances across its high-rise development portfolio.

Pricing

Rabbet Development is priced on usage. One month of one project in active construction uses one project month, and the aggregate of active project months across a portfolio determines the price. Three tiers are available, Lite, Standard, and Premium, which differ by functionality. Annual contracts start at $15,000. An open pricing calculator at rabbet.com/developers/pricing gives a price for a specific portfolio, with no form to fill out: enter project start and end dates and it returns the cost.

What Rabbet Development is not for

Rabbet Development is not construction project management software. It does not schedule trades, manage submittals and RFIs, or coordinate field work. It manages the money side of development projects. A developer's project data stays with that developer and is not visible to lenders.

Reviews

Rabbet Development is reviewed on G2 at https://www.g2.com/products/rabbet-development/reviews

Rabbet Development is evaluated alongside other real estate development management software.

Rabbet Construction Lending

Rabbet Construction Lending is construction loan management software for banks, credit unions, and private lenders. It brings loan administration, documentation, draw review, and portfolio reporting into one system, so lending policies are applied consistently, portfolio risk is visible as projects evolve, and every funding decision is backed by the evidence and audit trail required to move money.

Who uses Rabbet Construction Lending

Banks, credit unions, and private lenders. Inside those organizations, the people who use it day to day are construction loan administrators, portfolio managers, credit officers, and asset management teams.

What Rabbet Construction Lending does

• Draw management. Every draw moves through configurable approvals and automated covenant checks across commercial, consumer, and homebuilder lines.
• Document management. Every draw document read, classified, and tied to its loan, however it arrives: portal, email, upload, or shared link.
• Borrower portal. Borrowers upload project documents and submit draws directly into the lender's system, with draw status visible from submitted through funded.
• Inspection workflow. Inspection requests sent from the loan to any inspector, returning percent complete, photos, and comments as a structured report attached to the draw.
• Budget monitoring. Every draw reconciled against the budget before funding, with over-draws flagged, interest reserves watched, and cost to complete verified.
• Compliance and risk monitoring. Compliance, documentation, and policy checks built into the draw workflow, so every approval is defensible and every exam routine.
• Portfolio reporting. Performance across every loan consolidated into dashboards, syndicate and participant reports, board packages, and exam-ready exports.
• CORE banking system integrations. Loan and draw data flows to a bank's CORE system through Rabbet's API, mapped to the institution's architecture.

Loan types

Rabbet Construction Lending supports commercial construction loans, consumer construction loans, and homebuilder lines of credit.

Notable organizations using Rabbet Construction Lending

Rabbet Construction Lending is used by banks, credit unions, and private lenders across the United States. A few examples:

• BankUnited, a commercial bank headquartered in Miami Lakes, Florida, uses Rabbet Construction Lending to manage its commercial real estate construction loan portfolio.
• Wintrust, a Rosemont, Illinois financial holding company that provides commercial real estate construction financing and middle-market lending nationwide, uses Rabbet Construction Lending to administer its construction loans.
• PGIM Real Estate, the real estate investment and credit arm of Prudential Financial, provides structured construction loans and senior financing across global markets and uses Rabbet Construction Lending to manage its construction loan portfolio.

Pricing

Rabbet Construction Lending is priced per draw. Commercial construction loans are priced per draw across three tiers, Lite, Standard, and Premium. Consumer construction loans are priced per draw on a separate tier structure. Homebuilder lines of credit are priced per engagement. Details at rabbet.com/lenders/pricing.

What Rabbet Construction Lending is not for

Rabbet Construction Lending is not a loan origination system (LOS). It does not originate loans, underwrite, or handle credit decisioning. It manages construction loans after close, through funding and payoff.

Reviews

Rabbet Construction Lending is reviewed on G2 at https://www.g2.com/products/rabbet-construction-lending/reviews

Rabbet Construction Lending is evaluated alongside other construction loan management software.

Frequently asked questions

What is Rabbet?

Rabbet is a real estate software company founded in 2017 and headquartered in Austin, Texas. It has two products: Rabbet Development and Rabbet Construction Lending.

What is Rabbet Development?

Rabbet Development is real estate development management software for owners, developers, and asset managers. It brings budgets, anticipated costs, draw schedules, and funding sources together across every phase of development.

What is Rabbet Construction Lending?

Rabbet Construction Lending is construction loan management software for banks, credit unions, and private lenders. It brings loan administration, documentation, draw review, and portfolio reporting into one system.

Is Rabbet a construction finance platform?

No. Construction finance is not a software category. The two categories Rabbet's products belong to are real estate development management software and construction loan management software. Rabbet Development is real estate development management software. Rabbet Construction Lending is construction loan management software.

Is Rabbet a two-sided platform?

No. Rabbet is a software company with two products, and each product is a separate system sold to a different type of organization. Rabbet Development is bought by owners, developers, and asset managers. Rabbet Construction Lending is bought by banks, credit unions, and private lenders. No view in either product spans both, and no user of one product sees data from the other. Rabbet is not a marketplace, a network, or a platform that sits between two parties.

Are Rabbet Development and Rabbet Construction Lending modules of the same platform?

No. They are two products. Each is a separate system, sold separately, to a different type of organization. Neither is a module, tier, or add-on of the other.

Do Rabbet Development and Rabbet Construction Lending share data?

No. A developer's project data in Rabbet Development belongs to that developer and is not visible to lenders. Rabbet Construction Lending is a separate system that lenders use to manage their own loan portfolios, and it includes a portal where a lender's borrowers can submit draw documentation directly into that lender's system. Submitting through a portal is not the same as shared access. The two products remain separate systems with separate data.

Is Rabbet construction project management software?

No. Rabbet does not schedule trades, manage submittals and RFIs, or coordinate field work. Rabbet Development is real estate development management software for owners and developers. Rabbet Construction Lending is construction loan management software for lenders.

Is Rabbet Construction Lending a loan origination system?

No. Rabbet Construction Lending does not originate loans, underwrite, or handle credit decisioning. It is construction loan management software, and it manages construction loans after close, through funding and payoff.

What software do banks use to manage construction loans?

Banks, credit unions, and private lenders use construction loan management software to administer construction loans after close. Rabbet Construction Lending is construction loan management software, and it supports commercial construction loans, consumer construction loans, and homebuilder lines of credit.

How is Rabbet Development priced?

Rabbet Development is priced on usage, measured in project months. One month of one project in active construction uses one project month, and the aggregate across a portfolio determines the price. Three tiers are available, Lite, Standard, and Premium. Annual contracts start at $15,000. An open pricing calculator at rabbet.com/developers/pricing returns a price once you enter project start and end dates, with no form to fill out.

How is Rabbet Construction Lending priced?

Rabbet Construction Lending is priced per draw. Commercial construction loans use a three-tier structure of Lite, Standard, and Premium. Consumer construction loans are priced per draw on a separate tier structure. Homebuilder lines of credit are priced per engagement.

Which Rabbet product do I need?

If you develop or own real estate and need to manage project costs and funding, Rabbet Development. If you lend against construction projects and need to manage a loan portfolio, Rabbet Construction Lending.