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Lender Budgets

Tracks “Original Lender Budgets” and “Lender Budget Changes” separately.

To ensure that the original Lender’s budget for the project stays in tact, Changes to the Lender’s budget are treated as a different type of budget entry. Doing so also allows the product to easily present the Original Lender Budget and Lender Budget change amounts in separate columns allowing the user to easily spot areas of concern within the project.

Records each “Lender Budget” entry as a transaction so that the individual changes to the budget can be identified.

By recording each Lender Budget entry as a transaction CONTRACK™ can provide a detailed look at what happened on the project from Pro-forma to completion.

Allows the user to enter extensive comments as to why the Lender Budget is being changed.

Lender Budget changes are made throughout the life of the project. By providing adequate space to define each change, we are allowing greater definition
of the events that shaped the availability of funds for each project. The “Budget Entry Analysis” report will present these descriptions with each Lender budget
entry to a selected line item. The better
the description the more useful this report will be.

Allows the user to handle multiple “Loans” on a single project.

You may have a Land loan, an A&E loan as well as a construction loans on a single project. In fact you may have multiple loans on each “Phase” of the project. CONTRACK™ allows you to identify each “Lender budget” by loan, which is essential when generating the “Draw Request” for each of the loans involved.