Janover Launches its First AI Chatbot SaaS Model and Offers Licensing to Select Commercial Lenders

First collaboration with Gelt Financial

Multifamily, commercial real estate, and SBA lenders can now dramatically enhance engagement on their websites and improve productivity per employee

Boca Raton, FL, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform for commercial real estate transactions, today announced that its now offering its AI chatbot interface under a software-as-a-service (“SaaS”) model to a select number of commercial lenders. The first collaboration is with Gelt Financial, a leading and innovating commercial real estate lender providing debt to real estate owners across the U.S. Janover has named its AI, Burrito, as each conversation “ought to be unique and delicious” says CEO Blake Janover. Commercial lenders can learn more and join the waitlist here: https://janover.co/janover-burrito.

Multifamily, commercial real estate, and Small Business Administration (“SBA”) lenders can now dramatically enhance engagement on their website, quickly qualify and disqualify borrowers, and provide a more delightful experience for website users. Janover’s AI chatbot interacts 24/7 with users in real-time to resolve issues, coordinate transactions, and answer questions, in addition to handling lead generation and qualification. This technology is set to redefine the way commercial lenders interact with their clients. By enabling high-empathy, intricate conversations directly on their websites, the chatbot streamlines the process of qualifying leads, introducing team members, and providing rapid responses to user inquiries. Lenders enrolled in the Janover platform have the priority opportunity to join the waitlist and enhance their websites with an AI chatbot that totally “gets” commercial real estate financing and sales. It has been the subject of significant training and optimization by the Janover team over the last year in the context of commercial real estate finance. Click here to join the waitlist.

Blake Janover, CEO of Janover, stated, “This advancement is not just about enhancing the borrower experience; it represents a leap forward in increasing productivity for every employee, customer service agent, and loan originator in banks, credit unions, private lenders, and more. It’s a first step in improving processes and productivity for lenders across America on behalf of all their stakeholders. Our AI application, offered on a subscription basis, marks an exciting new chapter in our journey. Sharing our technology with other industry leaders puts us in a position to become part of the fabric of all the commercial loan transactions in America while further enhancing the quality and predictability of our revenue. Our goal is to significantly elevate the borrower's experience by offering instant connectivity and feedback, revolutionizing sales, and customer service in the commercial financial sector. In the future, we aim to add the same capabilities including email, text, and voice that we currently have within our core business. We are particularly excited to collaborate with Gelt Financial, a company at the forefront of combining borrower experience, thoughtful underwriting, and technology in the commercial lending space. Their eagerness to integrate our AI application into their operations showcases their commitment to staying ahead of the curve.”

Noah Miller, Vice President of Gelt Financial, commented, “We are extremely excited to be the first to adopt Janover’s innovative AI chatbot for the benefit of our customers, borrowers, and staff. This collaboration aligns perfectly with our mission to leverage cutting-edge technology to enhance our borrower experiences and to continue to be the most efficient and productive version of ourselves. We believe that their AI solution is a perfect fit for us and represents a significant step in redefining industry standards.”

About Gelt Financial

Gelt Financial, LLC is a private, non-bank commercial real estate lender and equity provider. Established in 1989, Gelt offers a diverse range of mortgage products, including first mortgage bridge loans, second mortgages, rescue capital, foreclosure bailouts, note-on-note financing, no-income verification loans, and debtor-in-possession financing. In addition, Gelt Financial specializes in the acquisition and servicing of sub and non-performing debt. For more information, please visit: www.GeltFinancialLLC.com.

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) t__he 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.

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