Janover Advances SaaS Platform with AI-Powered Natural Language Search

Rhea-AI Summary

Janover (Nasdaq: JNVR) has launched advanced AI search capabilities within Janover Pro, its B2B SaaS marketplace for multifamily and commercial property financing. The new feature enables real estate professionals to find suitable lenders using natural language queries, processing millions of data points in seconds.

The platform's effectiveness is demonstrated by a recent success story where a user secured financing through Janover Pro within one month. The deal involved identifying 8 potential bridge lenders, with three showing interest and two issuing term sheets. The chosen lender agreed to finance 65% of a $4,200,000 purchase price plus $750,000 in construction costs.

CEO Blake Janover emphasizes this development as a significant step in streamlining capital markets processes and improving connectivity in the commercial real estate network.

Positive

• Launch of advanced AI search functionality in Janover Pro platform
• Successful case study showing platform effectiveness with $4.2M deal closure in one month
• Platform demonstrates ability to quickly identify and match with multiple lenders

Negative

• None.

Janover's customers are delighted as it accelerates customers in its fastest-growing SaaS product to sift through millions of data points to find the data, fast, using AI.

BOCA RATON, FL, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) ("Janover" or the "Company"), an AI-enabled platform connecting the multifamily and commercial real estate industry, today announced the launch of advanced artificial intelligence search capabilities within Janover Pro, its leading multifamily and commercial property financing B2B SaaS marketplace.

The new AI-powered search functionality enables multifamily and commercial real estate professionals to efficiently identify suitable lenders by simply describing their loan scenarios in natural language with the AI triaging millions of data points in seconds to deliver critical results. “This represents a significant advancement in streamlining the multifamily and commercial property capital markets process, allowing better connectivity among nodes in the dense multifamily and commercial real estate capital markets network,” said Blake Janover, CEO of Janover.

One satisfied Janover Pro user describes his experience of recently closing a loan using Janover Pro in just one month, “I took this loan to market through Janover Pro, we identified 8 possible bridge lenders for the sponsor, submitted the debt memorandum, and immediately received interest from three lenders. Two issued term sheets, but we chose the lender who agreed to finance 65% of the $4,200,000 purchase price and $750,000 in construction costs.”

“This is what it’s about,” said Mr. Janover. “Our commitment to delivering the latest technologies to streamline processes and solve real-world challenges in capital markets, creating better outcomes for borrowers, lenders, and intermediaries.”

About Janover Inc.

Janover (Nasdaq: JNVR) is an AI-powered online platform that connects the multifamily and commercial real estate industry by providing data and software subscriptions as well as value-add services to multifamily and commercial property professionals as we connect the increasingly complex ecosystem that stakeholders have to manage.

We currently serve hundreds of thousands of web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. Our data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”). Additional information about the Company is available at: https://janover.co/.

View the Company’s latest investor presentation here.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor 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.

Company Contact:
Bruce S. Rosenbloom, CFO
Tel: (561) 782-2788
Email: IR@janover.co 

FAQ

What new AI features did Janover (JNVR) add to its SaaS platform in January 2024?

Janover added AI-powered natural language search capabilities to Janover Pro, allowing real estate professionals to find suitable lenders by describing their loan scenarios in natural language.

How much financing did a recent Janover Pro user secure through the platform?

A recent user secured financing for 65% of a $4,200,000 purchase price plus $750,000 in construction costs through the Janover Pro platform.

How many lenders showed interest in the recent $4.2M deal on Janover's platform?

Out of 8 possible bridge lenders identified, three lenders showed interest and two issued term sheets for the deal.

How long did it take to close the recent loan deal through Janover Pro?

According to the user testimonial, the loan deal was closed in just one month using the Janover Pro platform.