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.
