Form D · Other Banking and Financial Services

BP Commercial Funding Trust II, Series SPL-XVI

New York, NY · CIK 0001966278

Offering snapshot reported Feb 23, 2026 · SEC filing

Reported sold
$715M
Indefinite offering
Investors reported
43
Form D · investor count
Minimum accepted
$200K
Reported outside-investor minimum
First sale
Feb 10, 2023
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$358M$715MFeb 22, 2023: $327,291,086.00Feb 22, 2023Feb 23, 2024: $520,565,594.00Feb 23, 2024Feb 21, 2025: $568,583,561.00Feb 21, 2025Feb 23, 2026: $715,142,244.00Feb 23, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$568,583,561 → $715,142,244
  • Reported investors40 → 43

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 23, 2026Amendment$715,142,244$146,558,683vs Feb 21, 202543SEC filing
Feb 21, 2025Amendment$568,583,561$48,017,967vs Feb 23, 202440SEC filing
Feb 23, 2024Amendment$520,565,594$193,274,508vs Feb 22, 202329SEC filing
Feb 22, 2023Initial$327,291,086No comparison24SEC filing

Offering details

Securities
Other
Exemptions
06b
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-474057
LOAN PARTICIPATION

Source: Form D, filed Feb 23, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Michael Petronio Executive

Issuer details

Industry: Other Banking and Financial Services (See others in industry)

Address:
C/O Basepoint Capital Ii, Llc 75 Rockefeller Plaza, 19 Th Floor
New York, NY, 10019