Fleq is a sale-leaseback and rent-to-own service that helps buyers access the cash required to purchase a home in exchange for equity in the home.
A buyer that has found a home they want to purchase will sign up for Fleq and receive a quote that clarifies the initial and monthly payments for the buyer as well as how much home equity the buyer and Fleq will start with. Fleq will then purchase the home and charge rent to the buyer. The buyer will be able to purchase equity back in the home at an agreed upon price.
According to most sources, Fleq does not have a strict pricing scale and will set terms on a case-by-case basis with buyers.
Fleq primarily makes money by charging rent to buyers it works with based on ownership levels (Fleq charges rent proportional to the equity it has in the property). In cases where a buyer wants to sell their home before acquiring all of the equity back from Fleq, Fleq will share any upside in the house appreciation with the buyer.
Fleq is privately held.