Janover Inc., an AI-enabled platform connecting the multifamily and commercial real estate industry, has added advanced artificial intelligence search capabilities to Janover Pro, its multifamily and commercial property financing B2B software as a service (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. The AI triages 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 Janover Pro user described 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 eight possible bridge lenders for the sponsor, submitted the debt memorandum, and immediately received interest from three lenders,” said the user in the announcement. “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,” Janover said. “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.”
