Janover Inc., an AI-enabled platform for commercial real estate transactions, announced the launch of Janover Pro, a subscription-based service that provides users access to a rich, dynamic dataset of commercial lenders through Janover’s user interface. Additionally, the Company announces that it has signed up its first Janover Pro subscriber.
Janover Pro offers access to a 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 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 around the nation, with lenders directly providing first-party data to the regularly updated platform.
“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,” said Blake Janover, CEO of Janover. “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 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. The service is generally available on a three-year subscription basis, providing continuous updates and access to the latest lender information with many additional features planned.
“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,” Blake Janover said. “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.”
