Janover Launches Janover Pro: Game-Changing Subscription Access to Commercial Lender Data and More
August 27 2024 - 8:30AM
Janover Inc. (Nasdaq: JNVR) (“Janover” or
the “Company”), an AI-enabled platform for commercial real estate
transactions, today announced the launch of Janover Pro, an
innovative subscription-based service that provides users access to
a rich and dynamic dataset of commercial lenders through Janover’s
user interface (“UI”). Additionally, the Company announces that it
has signed up its first Janover Pro subscriber.
Janover Pro offers unparalleled access to a vast
network of multifamily, commercial property, and SBA lenders,
including more than 10% of all U.S. banks, 35% of the top 100
credit unions, and over 1,000 additional commercial lenders. This
comprehensive data set features major products such as Fannie Mae,
Freddie Mac, FHA, CMBS, life companies, debt funds, and a diverse
range of other loan products and lenders. More importantly, it
features banks and credit unions from every corner of the nation,
with lenders directly providing first-party data to the platform
which is regularly updated. Janover Pro provides detailed lender
and originator credit box information and contact details,
equipping users with the same tools and resources used by Janover’s
professional advisors. This enables them to compete with the
biggest names in the industry like JLL, Walker & Dunlop, CBRE
and beyond. The service is generally available on a 3-year
subscription basis, providing continuous updates and access to the
latest lender information with many additional features planned
that the Janover Capital Markets team already uses.
Blake Janover, CEO of Janover, commented,
“Janover Pro is a game-changer. We’re democratizing the data that
has separated institutional debt shops from mom and pops and the
small multifamily and commercial property operators, from the
biggest players. Although it is currently in its infancy, we
envision creating a platform akin to Costar for commercial loan
origination. This fits squarely inside our box of migrating to
subscription revenue and provides the deepest value we can to our
clients. Our aim is to become the name that people trust in our
industry for forward thinking solutions that drive real value. It
also allows us to continue to provide the high touch, bespoke
service that we have become well known for on the capital markets
side. We think this addition fits like a glove.”
“Janover Pro is another exciting milestone on
our journey to operating primarily as a Software-as-a-Service
(SaaS) and recurring revenue business. This is only the beginning,
as we continually innovate and expand Janover Pro's functionality
to better serve our users' needs. Future updates will include
features that our internal team is already successfully using such
as the ability to create and share professional offering
memorandums directly with lenders through the platform, advanced
deal shopping, and more. We think there are some exciting
opportunities to embed an AI commercial loan advisor right into the
product as well. Our ultimate goal is to make the commercial real
estate financing process as seamless and efficient as possible and
make it available to everyone, Janover Pro is an exciting step on
this journey,” concluded Mr. Janover.
For more information about Janover Pro and to
subscribe, please visit pro.janover.co.
About Janover Inc.
Janover is an AI-enabled platform for commercial
real estate transactions. The Company seeks to revolutionize the
commercial real estate lending market by making it hyper-efficient,
transparent, and accessible to all rather than the few. Through the
Company’s online platform, it provides technology that connects
commercial mortgage borrowers looking for capital to refinance,
build, or purchase commercial property, including, but not limited
to, apartment buildings, to commercial property lenders. Borrowers
include, but are not limited to, owners, operators, and developers
of commercial real estate including multifamily properties and most
recently, a growing segment of small business owners, which Janover
believes represents a significant growth opportunity. Lenders
include small banks, credit unions, REITs, Fannie Mae® and Freddie
Mac® multifamily lenders, FHA® multifamily lenders, debt funds,
CMBS lenders, SBA lenders, and more. Additional information about
the Company is available at: https://janover.co/.
To view the latest investor presentation, please
visit https://ir.janover.co/.
Forward-Looking Statements
This release contains “forward-looking
statements” within the meaning of the safe harbour provisions of
the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words such as:
“anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,”
“expect,” strategy,” “future,” “likely,” “may,”, “should,” “will”
and similar references to future periods. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of our
control. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions. Our actual results
and financial condition may differ materially from those indicated
in the forward-looking statements. Therefore, you should
not rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in
the forward-looking statements include, among
others, the following: (i) the effect of and uncertainties related
the ongoing volatility in interest rates; (ii) our
ability to achieve and maintain profitability in the future; (iii)
the impact on our business of the regulatory environment and
complexities with compliance related to such environment; (iv) our
ability to respond to general economic conditions; (v) our ability
to manage our growth effectively and our expectations regarding the
development and expansion of our business; (vi) our ability to
access sources of capital, including debt financing and other
sources of capital to finance operations and growth and other
risks and uncertainties more fully in the section captioned "Risk
Factors" in the Company’s Registration Statement on Form 1-A
related to the public offering (SEC File No. 024-12458) and other
reports we file with the SEC. As a result of these matters, changes
in facts, assumptions not being realized or other circumstances,
the Company's actual results may differ materially from the
expected results discussed in the forward-looking statements
contained in this press release. Forward-looking statements
contained in this announcement are made as of this date, and the
Company undertakes no duty to update such information except as
required under applicable law.
Contact:Crescendo
Communications, LLCTel: 212-671-1020Email:
jnvr@crescendo-ir.com
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