Privlo, an online marketplace for private mortgage loans, has landed $2.1 million in seed funding that the Santa Monica, Calif.-based company says it will use to expand on the $28 million in loans booked during a pilot launch.

Privlo says it can help homebuyers with non-traditional jobs secure funding,  drawing on multiple data sources to match credit-worthy borrowers who don’t meet traditional underwriting requirements with private lenders.

Privlo promotional video.

In addition to the seed stage funding round led by QED Investors, Privlo announced the addition of four senior level executives to its management team.

Kenn Stearns, formerly of Brookfield Residential Property Services, Prudential Real Estate Services, and eRealty Inc., joins Privlo as chief product officer, with a focus on bringing borrowers into the Privlo network and user experience for borrowers and lenders.

Saro Vasudevan, formerly of Capital One, joins Privlo as chief customer and credit officer, focusing on ensuring high quality of borrower loan requests while servicing lender needs.

David Subar, formerly of BreakMedia and Interthinx, joins Privlo as interim chief technology officer.

Michael Barton, formerly of Startup Exchange and TicketMaster-CitySearch, joins Privlo as chief operating officer.

Privlo CEO and founder Michael Slavin is a former Los Angeles area real estate developer and managing partner at private equity firm Napias Group.


Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription