An L.A. based startup called Fleq is launching a new product in Pittsburg, which allows home buyers to purchase a property without a mortgage down payment. Instead, buyers, as they pay down their loan, they receive shares in the home and will own it outright once the property is paid for.
Todd Sherer, founder and CEO of Fleq said, “We can do everything a mortgage can and can provide benefits you can’t get with a mortgage.”