Los Angeles-based Privlo, a technology driven startup offering up mortgage loans to consumers, said this week that it has raised $350M in a debt financing round, along with $3.8M in equity. The equity funding came from Spark Capital and QED Investors; source of the debt funding was not announced. Privlo provides private origination of residential mortgages, focused on borrowers who do not conform to traditional, government-backed loans, all run via its online platform. The company is led by Michael Slavin. The company is in the midst of moving from Culver City to Pasadena.
Top NewsThursday, July 31, 2014
Privlo Gets $350M In Debt For Technology Driven Mortgage Loans