LenderAnalyzer is the document analysis layer for construction lending. Upload the builder's bank statements, tax returns and financials, and get liquidity, true cash flow, global obligations and existing project debt computed and traceable, the sponsor side of the construction credit decision.
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A construction loan is underwritten twice. The project side, appraisal, feasibility, budget, loan-to-cost, gets most of the attention, but the loans that go bad usually fail on the other side: the sponsor. A builder with thin liquidity hits a cost overrun the contingency does not cover, or is carrying three other projects whose notes all draw on the same cash, and the project stalls with the lender holding a half-built asset. Underwriting the sponsor means proving liquidity from the bank accounts rather than a personal financial statement, rebuilding cash flow from the tax returns, and finding every obligation already collecting from the accounts, including notes on other projects the application did not emphasize. LenderAnalyzer automates that document work. It extracts every transaction from the builder's business and personal statements, computes average daily balance and real cash cushion, nets transfers and draw proceeds out of the revenue figure, detects recurring debt payments across entities, and reads the returns so the global picture can be built from verified numbers. To be clear about scope, LenderAnalyzer is not a draw management platform: it does not administer budgets, inspections, lien waivers or disbursements, the way Built or Rabbet do. It is the analysis behind the origination and annual review decision, self-serve from $99 a month.
The project numbers say whether the deal works on paper. The sponsor's documents say whether it survives contact with reality: overruns, delays, and the other projects competing for the same cash. Here is where the document analysis carries the decision.
Construction budgets carry a contingency, commonly around 10 percent of hard costs, and lenders expect more like 20 percent when the borrower is acting as their own general contractor. But the contingency only covers what it covers; past it, the sponsor's own cash finishes the building. That is why construction lenders underwrite liquidity as hard as coverage. A personal financial statement asserts liquidity; the bank statements prove it. Average daily balance across the period shows the cash the sponsor really keeps, negative days and NSF items show how often the accounts run dry, and the trend shows whether the cushion is building or draining. LenderAnalyzer computes all three from every account uploaded, so the liquidity figure in the credit memo is observed, not asserted.
Builder bank accounts are noisy in a specific way: draw proceeds from existing construction loans, transfers between project entities and the operating account, and owner injections all land as deposits. Sum the credits and you get a revenue figure that flatters the sponsor badly, because loan draws are not income. LenderAnalyzer classifies every credit and strips financing inflows and inter-account transfers out, leaving the operating revenue the business actually earned. On a multi-entity builder that netting is the difference between a sponsor who looks liquid and one who actually is, and it is the number the repayment analysis has to start from.
Most builders run each project in its own LLC, with the sponsor guaranteeing everything. The credit question is global: across the operating company, the project entities and the guarantor personally, does cash flow cover every obligation, including the notes on projects that have not sold yet? Answering it means finding the debt first. LenderAnalyzer detects recurring loan payments in the outflows of every statement set uploaded, groups them by counterparty, and totals the existing monthly debt burden, so obligations sitting in a different entity's account still show up in the global spread. Pairing that with the extracted tax returns gives the global cash flow analysis a construction credit file needs, built from verified figures rather than the borrower's own schedule of liabilities.
Construction lending has a second software problem, managing the loan after closing: budget tracking, draw requests against AIA G702 and G703 applications, inspections, lien waivers and disbursements. Platforms like Built and Rabbet exist for exactly that, and LenderAnalyzer does not compete with them. It solves the underwriting and review problem that comes before and alongside: whether the sponsor's finances support the loan at origination, and whether they still do at annual review, when refreshed statements and a new return can be re-analyzed in minutes instead of an afternoon. Lenders that run both get the full picture: the draw platform watches the project, LenderAnalyzer watches the sponsor.
What each layer actually covers in a construction credit. Last updated July 2026; third-party pricing changes, so confirm current figures with each vendor.
| Layer | What it covers | What it does not | Pricing |
|---|---|---|---|
| LenderAnalyzer This page | Sponsor analysis: liquidity, true cash flow, global debt detection and tax return extraction from the builder's own documents, at origination and annual review | Budgets, inspections, draws, lien waivers, servicing | Self-serve, $99 to $399/mo |
| Draw management (Built, Rabbet) | Post-closing administration: budget tracking, draw requests, inspections, lien waiver collection, disbursement | The sponsor credit analysis that decides the loan in the first place | Quote-based, enterprise contracts |
| Appraisal and feasibility review | The project side: as-completed value, market feasibility, cost review against the budget | The sponsor's liquidity, cash flow and hidden obligations | Per-report fees |
| Loan origination systems (nCino and similar) | Workflow, pipeline and document collection for the lending team | Reading the documents; the LOS stores statements, it does not analyze them | Quote-based, typically six figures |
| Manual spreadsheet analysis | Whatever the analyst has time to key by hand from statements and returns | Speed and consistency; multi-entity global spreads by hand take days | Staff time |
Comparison compiled by LenderAnalyzer from public vendor materials, June 2026. Competitor names are trademarks of their respective owners; figures may change, so verify current details with each vendor.
Computed deterministically from every extracted transaction, every figure traceable to its source line.
Computed across the full statement period, carried forward day by day.
Deposits vs withdrawals and net flow, broken down month by month.
Every insufficient-funds and overdraft incident counted, with fees totaled.
Recurring deposits grouped into income streams with estimated monthly amounts.
Debits to other lenders and funders detected and totaled per month.
Days below zero across the period, a direct stress signal.
The biggest credits with dates and sources, concentration flagged.
Automatic red and yellow flags your analysts can review in seconds.
Drop in PDFs, scans or photos, one statement or a multi-month package, from any bank.
Every transaction is extracted, then cash flow, balances, income streams, NSF activity and debt payments are computed.
Read the underwriting snapshot, download the Excel report, or pull structured JSON into your LOS via API.
28 lending document types extracted out of the box, build the complete picture of an applicant's financial situation.
Common questions from lending and credit teams.
On two tracks. The project track tests as-completed value, budget and feasibility, with banks typically capping loan-to-cost around 65 to 75 percent and requiring a contingency in the budget. The sponsor track tests the builder: liquidity to absorb overruns, experience with comparable projects, global cash flow across entities, and existing obligations on other projects. The loan closes only when both tracks clear, and most construction losses trace to sponsor-track weaknesses.
Banks generally cap construction loan-to-cost at 65 to 75 percent for most asset classes, meaning the sponsor funds 25 to 35 percent of total project costs, land, hard costs, soft costs and contingency, as equity. Riskier property types and unproven sponsors get lower caps. The sponsor's equity requirement is exactly why liquidity verification from bank statements matters at underwriting.
A portion of the loan commitment set aside to fund the interest payments during construction, since the project produces no income until completion. The reserve is sized from the draw schedule and the construction timeline. If the project runs long, the reserve exhausts and interest comes out of the sponsor's pocket, which is another reason underwriting tests the sponsor's real cash cushion, not just the reserve math.
A contingency of about 10 percent of construction costs is the common baseline, and lenders generally expect around 20 percent when the borrower acts as their own general contractor. The contingency absorbs ordinary surprises; anything beyond it falls to the sponsor. Underwriting therefore verifies the sponsor holds liquid reserves beyond the budgeted contingency, which bank statement analysis proves directly.
On the project side: plans, budget, contracts, permits and the appraisal. On the sponsor side: 2 to 3 years of business and personal tax returns, current financial statements, a schedule of real estate owned with the debt on each project, and several months of bank statements to verify liquidity. LenderAnalyzer processes the sponsor-side documents: statements, returns and financials, computed into the figures the credit memo needs.
The weak version accepts the personal financial statement. The strong version analyzes the bank statements: average daily balance across the period shows the cash actually kept on hand, NSF and negative days show stress, and netting transfers and draw proceeds out of deposits shows real operating inflow. LenderAnalyzer computes those from every transaction, so stated liquidity can be checked against observed liquidity in minutes.
No. It does not track budgets, process draw requests, manage inspections or collect lien waivers; platforms like Built and Rabbet handle that post-closing work. LenderAnalyzer covers the sponsor analysis at origination and annual review: liquidity, cash flow, global debt and tax return extraction from the borrower's documents. The two layers complement each other rather than compete.
LenderAnalyzer is self-serve with public pricing: Starter $99, Plus $199 and Pro $399 per month, with roughly 50% off annually. Draw management platforms and loan origination systems are quote-based and typically run five to six figures a year, so the sponsor-analysis layer can be automated without an enterprise contract.
Yes. Upload the statements for the operating company, the project LLCs and the guarantor personally, plus the returns, and LenderAnalyzer computes each account's cash flow and detected debt separately, so the global spread can be assembled from verified per-entity figures instead of a borrower-prepared schedule.
Analyze your first statements free, plans from $99/month, 50% off billed annually.
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