Rabbet provides two SaaS solutions that turn financial data into actionable insights for real‑estate developers and construction lenders. The developer platform automates draw‑package preparation, tracks budgets against actuals and uses predictive forecasting to flag cost overruns, while the lender platform offers automated draw review, covenant enforcement and intelligent document extraction to streamline loan approvals and reduce portfolio risk.
Funding
Funding not disclosed
Founders
Product
Problem
Construction finance and real‑estate development projects often suffer from fragmented data, manual draw‑package preparation, and delayed detection of budget overruns, leading to costly delays and compliance risk.
Solution
Rabbet offers two SaaS platforms that turn financial information into actionable insights. For developers, the platform automates draw‑package creation, continuously tracks budgets against actual expenditures, and provides predictive forecasting to flag potential overruns early. For construction lenders, the solution centralizes loan documentation, enforces covenants automatically, and uses intelligent document extraction to streamline draw review and reduce manual effort. Both products keep developers and lenders working from a single, synchronized data source, enabling faster decision‑making and proactive risk management.
Target Audience
Primary users are real‑estate development firms that need predictive budgeting tools and construction lenders—including banks, credit unions, and loan servicers—that require automated draw review and compliance management.
Features
- Automated preparation of lender‑ready draw packages with built‑in compliance checks
- Real‑time budget vs. actual tracking and predictive forecasting to identify cost overruns
- Centralized loan documentation repository with AI‑driven document routing and extraction
- Automatic enforcement of loan covenants and risk alerts across the portfolio
- Integrated dashboard that provides unified financial visibility for developers and lenders
- Cloud‑based platform that supports collaboration across multiple stakeholders and systems