Approximately $10 million in loans made this year
To date in 2024, we have provided over 1,600 real-time email referrals to inside sales reps and responded to over $22 billion in qualified loan inquiries.
BOCA RATON, Fla., July 09, 2024 (GLOBE NEWSWIRE) — Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform for commercial real estate transactions, today announced impressive results driven by its advanced AI commercial loan agents, who have significantly enhanced customer engagement and have already facilitated approximately $10 million in loans in 2024 through the Janover platform.
Key Results of AI Loan Advisor
The AI Loan Advisor works seamlessly across multiple communication channels to manage different types of inquiries, lead generation, and customer support for your company. It interacts with website visitors via an embedded live chat widget, converses on the phone, sends and receives SMS, and communicates via email.
Expertly trained in commercial real estate and small business financing, the AI can provide detailed answers to complex and involved questions, collect and store necessary information about a loan inquiry, and hand off to a human advisor with a polite email when appropriate, facilitating a smooth transition, increased customer engagement, and improved employee productivity.
Key features of AI Loan Advisor
Steve Schwartz, SVP of Innovation at Janover, commented, “Our AI Loan Advisors streamline customer interactions and the initial stages of transaction qualification. By leveraging cutting-edge generative AI technology with best-in-class automation, we are able to efficiently guide a potential borrower through their first inquiry, manage initial data collection requirements, and provide assistance to our human advisors who support customers at the later stages of the transaction. Not only does this technology improve the customer experience, it also significantly improves our operational efficiency; it runs 24/7, never rests, and never breaks down.”
Steve Schwartz, Senior Vice President of Innovation at Janover, said:
Comment from CEO Blake Janover:
Blake Janover, CEO of Janover, said, “This year alone, our AI Loan Advisor has facilitated nearly $10 million in loans to date in 2024. Additionally, it has generated over 4,000 transactions valued at over $25 billion, driven over 1,600 warm email referrals to in-house advisors, and accounted for over $22 billion in loan inquiries to date. And that doesn't even include all the great work the company has done, including onboarding lenders and, more recently, facilitating conversations about commercial property insurance and our real estate syndication software. Our AI Commercial Loan Agent marks a major step forward in technology adaptation in the commercial real estate sector and showcases AI's potential to transform customer interactions and operational efficiencies. As we continue to innovate and expand our capabilities, we remain committed to providing exceptional service and value to our clients and creating long-term value for our shareholders.”
About Janover Inc.
Janover is an AI-enabled platform for commercial real estate transactions. The company aims to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all, not just the few. Through its online platform, the company offers technology that connects commercial mortgage borrowers and commercial real estate lenders who are looking for financing to refinance, build, or purchase commercial properties, including apartments. Borrowers include, but are not limited to, owners, operators, and developers of commercial properties, including multifamily properties, and more recently, owners of high-growth small businesses, which Janover sees as 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 can be found at https://janover.co/.
To view our latest investor presentation, please visit https://ir.janover.co/.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the 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 guarantees of future performance. Rather, they are based only on current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, forecasts, expected 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. Rather, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, forecasts, expected events and trends, the economy and other future conditions. Our actual results and financial position may differ materially from those indicated in the forward-looking statements. Therefore, you should not place reliance on 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: (i) the impact of continuing interest rate fluctuations and the uncertainties related thereto, (ii) our ability to achieve and maintain profitability in the future, (iii) the impact of the regulatory environment and the compliance complexities related to such environment on our business, (iv) our ability to respond to general economic conditions, (v) our ability to effectively manage our growth and our expectations regarding the development and expansion of our business, (vi) our ability to access capital sources, including debt financing and other sources of capital for our operations and growth, and other risks and uncertainties more fully described in the “Risk Factors” section of our registration statement on Form S-1 relating to our initial public offering (SEC File No. 333-267907) and other reports we file with the SEC. As a result of these matters, changes in fact, assumptions that are not realized, or other circumstances, our actual results may differ materially from the anticipated results described in the forward-looking statements contained in this press release. The forward-looking statements contained in this announcement speak only as of the date hereof, and the Company undertakes no obligation to update such information, except as required by applicable law.
The financial information presented here is not a comprehensive statement of our financial performance for the current period, and actual results may differ materially from these estimates depending on the completion of our closing procedures, final adjustments and other developments that may occur between now and the completion of our fiscal quarter closing procedures.
contact:
Crescendo Communications LLC
Phone: 212-671-1020
Email: jnvr@crescendo-ir.com