Purpose linked for Site acquisition, build-out, refurbishment, inventory SME landlords / PropCos lease sites to OpCos or franchisees on turnover-based or hybrid rent structures. PropCos often have to charge fixed rents to support their own loans, which forces them to impose hard, fixed covenants on tenants, frequently misaligned with the tenants’ actual cashflows. With TLRF, we fund the PropCo, with our repayments linked directly to its turnover-based rent inflows. This lets landlords offer genuinely flexible, turnover-linked leases to their OpCos without breaching their own covenants. This product is especially catered to sectors such as pubs, childcare, hospitality, fitness, healthcare, franchised retail and co-working / flexible offices, where trading and occupancy can move sharply. PropCos gain flexibility to fill and retain sites on fairer terms, tenants get leases that flex with real-world performance, and the structure becomes a win-win for all stakeholders.