What is a paydown?
A paydown is an amount repaid toward a loan or other funding source, recorded against a specific draw. Rabbet uses paydowns to calculate:
Paid Down to Date — the cumulative amount repaid against the funding source so far.
Outstanding Balance — Funded to Date less Paid Down to Date. This is what's currently outstanding on the source.
Remaining Obligation — the funding source's Current Amount less Paid Down to Date. This shows how paydowns are impacting the total funding source commitment, not just what has been funded.
Creating a paydown
Paydowns are now recorded in their own dedicated flow, separate from Confirm Balances.
Open the draw and go to Draws > Funding Sources.
Click Create Paydown (next to Adjust Funding Sources and Confirm Balances).
In the Create Paydown modal:
Funding source — select the source the payment applies to.
Paydown amount — enter the amount being repaid.
Preview — review the before-and-after impact on Paid Down to Date, Outstanding Balance, and Remaining Obligation before saving.
Note (optional) — add context, such as a reference number or reason for the payment.
Click Create Paydown to record it.
The paydown is tied to the draw where it was created and takes effect immediately in balances and reporting.
Confirming balances
The Confirm Balances flow is now used solely for confirming that the balances in Rabbet match your core system records — paydowns are no longer entered here.
For each funding source, the modal shows:
Funded to Date − Paid Down to Date = Outstanding Balance
Expand a funding source row to see the supporting calculations:
Current Commitment − Funded to Date = Available Balance
Current Commitment − Paid Down to Date = Remaining Obligation
Once you've verified the figures, check that these balances match my records and click Confirm Balances.
Where paydowns appear
Ledger. Every paydown appears in the funding source ledger (Draws > Funding Sources > Ledger) with a timestamp, the user who recorded it, any note, and the draw it's tied to. Funding additions appear as positive entries and paydowns as repayment entries, so you have a complete history of activity on each source.
Draws > Funding Sources. Paid Down to Date, Outstanding Balance, and Remaining Obligation are shown alongside each funding source on the draw.
Reports > Funding Sources. Portfolio-level funding source reporting includes the full set of funding source fields, so you can see how paydowns are affecting balances across the portfolio, not just deal by deal:
Original Amount
Adjustments
Current Amount
Funded to Date
Remaining Balance
Paid Down to Date
Outstanding Balance
Remaining Obligation
Hover over any column header's info icon for a tooltip explaining exactly how that field is calculated.
Do you have questions or feedback? Please email us at help@rabbet.com