💧February Feature Drop: Property Debt and Encumbrance Schedule
Here’s what’s new in Dottid Asset OS for February!
We just released Property Debt and Encumbrance Schedules which are now available for you to start using for free, right now if you have a Dottid account. Log in now to start using Property Debt and Encumbrance Schedule
Property Debt
🚀 Debt data can now be stored and referenced in Dottid. Management of debt capital is essential on nearly all properties and users can now upload and keep track of important debt details and critical dates on their loans.
🚨 What’s new?
Store essential debt data, like loan balances, interest rate, and maturity dates, so that an entire asset management team is on the same page.
Track when loan covenant reporting is due, such as DSCR or Debt Yields.
View all critical loan dates, like maturities, extension option notices and reporting deadlines in a chronological timeline.
💪 Why is it valuable?
Debt data is complex and tedious to reference. Having a source of truth to house this data is critical for real estate teams to keep up on top of their loans.
Particularly in a rising interest rate environment, asset managers need to stay on top of potential refinancing dates and costs, and the property debt page reports the essential information needed to make financing decisions.
🚀 Encumbrance Table and Alerts. Manage your property encumbrances in one place and get alerted if you create a deal with encumbered suites.
🚨 What’s new?
An encumbrance table on each property that tracks the status through notice dates.
The ability to exercise or waive an encumbrance.
Alerts when a deal with encumbered suites is created.
Alerts when a tenant vacates early that has a termination clause.
Subheaders that shows the property name on the deal page and side navigation.
💪 Why is it valuable?
No longer do you need to reference your lease documents to keep track of which encumbrances have been exercised or exist on a property.
Create a deal with confidence knowing that you will be reminded if you select an encumbered suite.
Save time exercising an encumbrance like a renewal by having all the deal information populate into the add deal modal.