Both lenders and developers utilize Rabbet to manage draw packages. Although the overall process and purpose of managing draws in Rabbet varies between these groups, the steps to create the draw are the same. For a more comprehensive discussion of the various Rabbet experiences, check out these articles:
Create a New Draw
From the project 'Overview' tab, click on 'Create New Draw'.
Complete the 'Draw name' and 'Expected send date' fields.
If prior draws have been submitted for this project, Rabbet will also display the funding status and funding date of the prior draws. These fields can be updated from the 'New Draw' modal.
Click 'Submit' to create the draw.
Update Draw Information
Don't worry if you made a typo when creating your draw! Easily edit the draw name or expected send date by navigating to the draw 'Line Items' tab. Click the [...] button at the top and then click 'Update Draw'.
Enter the new draw information and click 'Save'.
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