Janover and Xchange.Loans Announce Strategic Partnership to Capitalize on Market Dislocations
31 Octubre 2023 - 7:15AM
Janover Inc. (Nasdaq: JNVR) (“Janover” or the
“Company”), an AI-enabled B2B fintech marketplace connecting
commercial property borrowers and lenders with a human touch, and
Xchange.Loans Inc., an online marketplace for buying and selling
commercial loans through secure digital transactions, today
announced a strategic partnership, whereby the two companies plan
to broaden their respective offerings by providing access to each
other’s loan products, thereby enabling cross-platform sales and an
enhanced customer experience.
“We are delighted to partner with Xchange.Loans,
who we believe to be the market leader in technology-enabled buying
and selling of commercial property loans. During a time of such
significant market dislocation within segments of commercial real
estate, such as class B and class C suburban offices, this
partnership is extremely timely,” commented Blake Janover, CEO of
the Company. "Specifically, we believe the lenders engaged in
our platform, which already include 64% of the largest 100 credit
unions and nearly 10% of all FDIC insured banks in America, will
benefit, as we can now offer them a fast, effective, secure and
completely confidential mechanism to sell commercial mortgages
within their portfolio they do not want to keep on their
books. Similarly, Xchange.Loans' lender base will be afforded
the opportunity to refinance some of those same loans to new
lenders, including our extensive network of private commercial
lenders. Xchange.Loans has an impressive +95% success rate in
selling commercial mortgages on its platform. I believe this
partnership will help further accelerate the growth of both
companies, as we significantly complement each other. The
uncertainties in the office real estate market and current interest
rate environment create an ideal opportunity for companies such as
ours to capture market share by providing a frictionless,
efficient, user-friendly and cost-effective commercial transactions
for lenders and borrowers.”
“Janover is an ideal partner given their
expansive network of banks, as well as their first-in-class tech
and AI capabilities, which match the right borrowers and lenders,”
stated Michael Jimenez, CXO, of Xchange.Loans. “We’re excited for
the tremendous synergies this partnership offers between Janover
and our own platform, the first secure online marketplace for loan
sales open to all lenders and investors. Lenders on our platform
benefit from our exclusive loan sale advisory service or can use
our best-in-class technology to sell their loans direct to market
with security and confidentiality and we now we have a great
solution for new loan origination through the Janover
platform.”
About Janover Inc.
Janover is a B2B fintech marketplace connecting
commercial property borrowers and lenders with a human touch. 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 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. 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. 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. 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 S-1
related to the public offering (SEC File No. File No. 333-267907)
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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