Janover, Xchange.Loans announces strategic partnership

Janover and Xchange.Loans 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.”