One of the biggest challenges to the development finance process is submitting loan draw requests to lending institutions. These requests happen frequently and potentially multiple times per project, yet the process can be arduous and inefficient for developers without the proper tools. For most real estate developers, project information is typically trapped in spreadsheets and …
Developers rely on software to manage multiple interconnected processes, get data from various sources, and keep track of crucial dates for managing development projects. Errors, omissions, and delays can be costly, especially when investors and stakeholders pay the cost as a result of any setbacks. Software designed specifically for Real Estate Development unites teams …
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The Current Draw Process One of the biggest challenges to the development finance process is submitting draw requests to lending institutions. These requests happen frequently and potentially multiple times per project, yet the process can be arduous and inefficient without the proper tools. The development team is frequently in charge of collecting all project …