UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM ABS-15G
ASSET-BACKED SECURITIZER
Report Pursuant to Section 15G of
the Securities Exchange Act of 1934
Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:
[_] Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _________________ to _________________
| Date of Report (Date of earliest event reported)______________________ | |
| Commission File Number of securitizer: ____________________ | |
| Central Index Key Number of securitizer: ___________________ | |
| Name and telephone number, including area code, of the person to | |
| contact in connection with this filing | |
| Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [_] | |
| Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [_] | |
| Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) [_] |
[ü] Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)
| Central Index Key Number of depositor: 0002142294 | |
| BSPDF 2026-FL5 Issuer, LLC | |
| (Exact name of issuing entity as specified in its charter) | |
| Central Index Key Number of issuing entity (if applicable): Not applicable | |
| Central Index Key Number of underwriter (if applicable): Not applicable | |
| Jerome Baglien, (212) 588-6705 | |
| Name and telephone number, including area code, of the person to | |
| contact in connection with this filing | |
INFORMATION TO BE INCLUDED IN THE REPORT
FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS
Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer
Attached as Exhibit 1 hereto is a Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 23, 2026, of PricewaterhouseCoopers LLP, obtained by the sponsor, which report sets forth the findings and conclusions, as applicable, of PricewaterhouseCoopers LLP with respect to certain agreed-upon procedures performed by PricewaterhouseCoopers LLP.
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 23, 2026 | FBRED REIT Real Estate Debt OPCO, LLC | ||
| By: | /s/ Jerome Baglien | ||
| Name: | Jerome Baglien | ||
| Title: | Chief Financial Officer | ||
| Exhibit 1 | Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 23, 2026, of PricewaterhouseCoopers LLP. |