# EDGAR Filing Document

**Accession Number:** 0001842283
**File Stem:** 0001539497-25-003075
**Filing Date:** 2025-11
**Character Count:** 21502
**Document Hash:** d8b40b1310a78f7c46474e376b420e46
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-003075.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001539497-25-003075

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251126

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPTIF Parent, LLC
- **CENTRAL INDEX KEY:** 0001842283

**ORGANIZATION NAME:**
- **EIN:** 843485488
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-05395
- **FILM NUMBER:** 251531041

**BUSINESS ADDRESS:**
- **STREET 1:** STARWOOD PROPERTY TRUST, INC.
- **STREET 2:** 591 WEST PUTNAM AVE.
- **CITY:** GREENWICH
- **STATE:** NY
- **ZIP:** 06830
- **BUSINESS PHONE:** 203-422-8191

**MAIL ADDRESS:**
- **STREET 1:** STARWOOD PROPERTY TRUST, INC.
- **STREET 2:** 591 WEST PUTNAM AVE.
- **CITY:** GREENWICH
- **STATE:** NY
- **ZIP:** 06830
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPTIF Parent, LLC
- **CENTRAL INDEX KEY:** 0001842283

**ORGANIZATION NAME:**
- **EIN:** 843485488
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** STARWOOD PROPERTY TRUST, INC.
- **STREET 2:** 591 WEST PUTNAM AVE.
- **CITY:** GREENWICH
- **STATE:** NY
- **ZIP:** 06830
- **BUSINESS PHONE:** 203-422-8191

**MAIL ADDRESS:**
- **STREET 1:** STARWOOD PROPERTY TRUST, INC.
- **STREET 2:** 591 WEST PUTNAM AVE.
- **CITY:** GREENWICH
- **STATE:** NY
- **ZIP:** 06830
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPTIF Parent, LLC
- **CENTRAL INDEX KEY:** 0001842283

**ORGANIZATION NAME:**
- **EIN:** 843485488
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-05395

**BUSINESS ADDRESS:**
- **STREET 1:** STARWOOD PROPERTY TRUST, INC.
- **STREET 2:** 591 WEST PUTNAM AVE.
- **CITY:** GREENWICH
- **STATE:** NY
- **ZIP:** 06830
- **BUSINESS PHONE:** 203-422-8191

**MAIL ADDRESS:**
- **STREET 1:** STARWOOD PROPERTY TRUST, INC.
- **STREET 2:** 591 WEST PUTNAM AVE.
- **CITY:** GREENWICH
- **STATE:** NY
- **ZIP:** 06830

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM ABS-l5G**

**ASSET-BACKED SECURITIZER**

**REPORT PURSUANT TO SECTION 15G OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

Check the appropriate box to indicate the filing obligation which this form is intended to satisfy:

Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period<u> </u>to

Date of Report (Date of earliest event reported)<u> </u>

Commission File Number of securitizer:<u> </u>

Central Index Key Number of securitizer:<u> </u>

  <br> 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) [_]<br>Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [_]<br>Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) [_]

<u>X</u> Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of sponsor: <u>0001842283</u>

<u>Starwood 2026-SIF7, LLC</u> <br> (Exact name of issuing entity as specified in its charter)

<u>Haig Najarian, (203) 487-8075</u> <br> Name and telephone number, including area code, of the person to contact in connection with this filing

**INFORMATION TO BE INCLUDED IN THE REPORT**

**PART II – 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.**

See Report of Independent Accountants on Applying Agreed-Upon Procedures, dated November 26, 2025, of PricewaterhouseCoopers LLP, which was obtained by the sponsor, attached as Exhibit 99.1 to this Form ABS-15G, which report sets forth the findings and conclusions, as applicable, of PricewaterhouseCoopers LLP with respect to certain agreed-upon procedures performed by PricewaterhouseCoopers LLP.

**Item 2.02 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Underwriter.**

Not applicable.

**Exhibits.**

99.1 Report of Independent Accountants on Applying Agreed-Upon Procedures, dated November 26, 2025, of PricewaterhouseCoopers LLP.

**SIGNATURES**

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 thereunto duly authorized.

---

| |
|:---|
| Date: November 26, 2025 |
| SPTIF PARENT, LLC |
| /s/ Rina Paniry |
| Rina Paniry, Authorized Signatory |

---

**EXHIBIT INDEX**

Exhibit Number Description <br>Exhibit 99.1 Report of Independent Accountants on Applying Agreed-Upon Procedures, dated November 26, 2025, of PricewaterhouseCoopers LLP.

## Exhibit 99.1

**Exhibit 99.1**

![[PWC Logo]](pwclogo.jpg)

**<u>Report of Independent Accountants on Applying</u>**

**<u>Agreed-Upon Procedures</u>**

SPTIF Parent, LLC

591 West Putnam Avenue

Greenwich, CT 06830

We ("us" or "PwC") have performed the procedures enumerated below, which were agreed to by SPTIF Parent, LLC (the "Company" as the engaging party) and MUFG Securities Americas Inc. (the "Initial Purchaser"), who are collectively referred to herein as the "Specified Parties", solely to assist you regarding the accuracy of certain attributes of the Collateral Obligations with respect to Starwood 2026-SIF7, LLC (the "Transaction" or "Issuer"). SPTIF Parent, LLC (the "Responsible Party") is responsible for the accuracy of certain attributes of the Collateral Obligations included in the Transaction (the "Subject Matter").

In an agreed-upon procedures engagement, we perform specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the intended purpose of the engagement and we report on findings based on the procedures performed. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose.

***Procedures and Findings***

In connection with the Transaction, the Specified Parties have requested that the procedures be performed on the Collateral Obligations included within the Transaction as of November 25 2025 labeled #2 through #17, #19 through #32, and #34 through #36 within the Transaction Excel Data Files. At the request of the Specified Parties, we performed no procedures on the Collateral Obligation labeled #1, #18 and #33 from the Transaction Excel Data Files.

This agreed-upon procedures engagement was not conducted for the purpose of satisfying any criteria for due diligence published by a nationally recognized statistical rating organization.

In addition, PwC should not be regarded as having in any way warranted or given any assurance as to the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The completeness, accuracy, appropriateness, quality
or integrity of any of the information provided by the Responsible Party, or any other party for purposes of PwC performing the procedures
agreed to by the Specified Parties. The procedures performed would not necessarily reveal any material misstatement of the amounts, balances,
ratios, percentages or other relationships of the information included in the data provided to us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The conformity of the origination of the assets
to stated underwriting or credit extension guidelines, standards, criteria or other requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The value of collateral securing such assets; and

www.pwc.com PricewaterhouseCoopers LLP, 655 New York Avenue <br> NW, Suite 1100, Washington, DC 20001 <br> T: 202-414-1000

![](pwclogo.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The compliance of the originator of the assets
with federal, state, and local laws and regulations.

We have not performed any procedures with respect to the fair value of the securities being offered in the Transaction or the Collateral Obligations within the Transaction. PwC expresses no opinion on the current fair value of these securities or whether the determinations of fair value are consistent with Accounting Standards Codification 820, "Fair Value Measurements and Disclosures". PwC should not be regarded as having performed any procedures other than those detailed in this report.

With respect to any terms or requirements of the Transaction documents that do not appear in this report, we performed no procedures and, accordingly, the procedures we performed would not ensure that any requirements are satisfied. Further, we have performed only the following agreed-upon procedures and therefore make no representations regarding the adequacy of disclosures or whether any material facts have been omitted from the Transaction documents.

It should be understood that we make no representations as to:

&nbsp;&nbsp;&nbsp;&nbsp;· The interpretation of Transaction documents (including, but not limited to, Preliminary Offering Circular or offering documents) included in connection with our procedures;

&nbsp;&nbsp;&nbsp;&nbsp;· Your compliance with Rule 15Ga-2 of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;· The reasonableness of any of the assumptions provided by the Company, the Initial Purchaser or any other party.

These procedures should not be taken to supplant any additional inquiries or procedures that the Specified Parties would undertake in consideration of the Transaction.

The procedures performed and results thereof are as follows. In performing this engagement, we received one or more preliminary Transaction documents and performed certain procedures as set forth as follows. The procedures identified differences, which were communicated to the Responsible Party and/or Initial Purchaser (each herein the "Representative"). The Representative revised one or more of the preliminary Transaction documents based on such communicated differences, where they determined it to be appropriate. We performed these procedures on the final Transaction documents, and the results of those procedures are as follows.

For purposes of this report:

&nbsp;&nbsp;&nbsp;&nbsp;· The electronic files in a standard Microsoft
Excel format containing information relating to the Collateral Obligations included in the Transaction as of November 25, 2025 as provided
by the Company or Initial Purchaser, shall be herein referred to as the "Transaction Excel Data Files":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Starwood 2026-SIF7 Target Portfolio Data Tape (11252025) - $500MM.xlsx

(provided on November 25, 2025)

&nbsp;&nbsp;&nbsp;&nbsp;· Each governing document, both final and draft,
or portion of a governing document, and any associated amendments for each of the underlying Collateral Obligations as provided by the
Company, for which the Company has represented to us are the most recent versions are herein referred to as "Credit Agreement",
"Common Security and Account Agreement", or "Guarantee and Security Agreement";

&nbsp;&nbsp;&nbsp;&nbsp;· Agent notices provided to us by the Company
and for which the Company has represented to us are the most recent versions are herein referred to as "Agent Notice";

![](pwclogo.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;· Funding memorandums or notices provided to us
by the Company and for which the Company has represented to us are the most recent versions are herein referred to as "Funding Memorandum";

&nbsp;&nbsp;&nbsp;&nbsp;· Audited or non-audited financial statements
for the obligors of the Collateral Obligations provided to us by the Company and for which the Company has represented to us are the most
recent versions are herein referred to as "Financial Statements";

&nbsp;&nbsp;&nbsp;&nbsp;· Information obtained from the Bloomberg Terminal
or Bloomberg screenshots are herein referred to as "Bloomberg"; and<br>

Our procedures and results thereof are as follows:

At the request of the Specified Parties, for the Collateral Obligations labeled #2 through #17, #19 through #32 and #34 through #36 within the Transaction Excel Data Files as of November 25, 2025, using additional assumptions and methodologies provided to us by the Company, we compared the attributes specified in the table below (the "Specified Attributes") for each Collateral Obligation to the sources listed below (the "Sources") and found such Specified Attributes to be in agreement with the corresponding source.

For the purposes of performing the procedures, we applied the Sources in priority of listing, as available. If a Specified Attribute did not agree to a Source, we utilized the Source that is the next on the list.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Specified Attributes** | &nbsp;&nbsp;**Sources in order of priority** |
| &nbsp;&nbsp;CUSIP<sup>1</sup> | &nbsp;&nbsp; 1) Agent Notice<br> 2) Funding Memorandum<br> 3) Bloomberg |
| &nbsp;&nbsp;issuer name | &nbsp;&nbsp;1) Credit Agreement |
| &nbsp;&nbsp;facility description | &nbsp;&nbsp; 1) Credit Agreement<br> 2) Common Security and Account Agreement<br> 3) Guarantee and Security Agreement |
| &nbsp;&nbsp;total deal size<sup>2</sup> | &nbsp;&nbsp; 1) Credit Agreement<br> 2) Financial Statements<br> 3) Agent Notice |
| &nbsp;&nbsp;coupon type | &nbsp;&nbsp;1) Credit Agreement |
| &nbsp;&nbsp;interest frequency | &nbsp;&nbsp; 1) Credit Agreement<br> 2) Agent Notice<br> 3) Funding Memorandum |
| &nbsp;&nbsp;spread / coupon | &nbsp;&nbsp; 1) Credit Agreement<br> 2) Agent Notice<br> 3) Funding Memorandum |
| &nbsp;&nbsp;index floor | &nbsp;&nbsp; 1) Credit Agreement<br> 2) Agent Notice<br> 3) Funding Memorandum |
| &nbsp;&nbsp;asset country | &nbsp;&nbsp;1) Credit Agreement |

---

------

<sup>1</sup> PwC performed no procedures for Collateral Obligations where the Company result from the Transaction Excel Data Files was "N/A"

<sup>2</sup> Differences of $1 or less were not considered exceptions.

![](pwclogo.jpg)

maturity date <u> 1) Credit Agreement 2) Funding Memorandum</u> <br> <u>deal close date</u> <u> 1) Credit Agreement 2) Bloomberg</u>

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to, and did not conduct an audit or an examination engagement, the objective of which would be the expression of an opinion, or a review engagement, the objective of which would be the expression of a conclusion, on the accuracy of certain attributes of the Collateral Obligations with respect to the Transaction. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

In performing this engagement, we are required to be independent of the Responsible Party and to meet our ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the Specified Parties, and is not intended to be and should not be used by anyone other than the Specified Parties.

If a party has obtained, or has access to, this report without having executed an agreement with PwC wherein such party accepts responsibility for the appropriateness of the procedures performed (such party is herein referred to as a "Non-Specified Party"), that Non-Specified Party cannot:

&nbsp;&nbsp;&nbsp;&nbsp;i) Rely upon this report, and any use of this report by that Non-Specified Party is its sole responsibility and at its sole and exclusive
risk;

ii) Acquire any rights or claims against PwC, and PwC assumes no duties or obligations to such Non-Specified Party.

A Non-Specified Party may not disclose or distribute this report or any of the report's contents to any other party (including but not limited to electronic distribution and/or posting to a website pursuant to Rule 17G-5 of the Securities Exchange Act of 1934).

The procedures enumerated above were performed as of the date of this report, and we disclaim any consideration of any events and circumstances occurring after the date of this report. Further, we have no obligation to update this report because of events occurring, or data or information coming to our attention, subsequent to the date of this report.

/s/ PricewaterhouseCoopers LLP

Washington, DC

November 26, 2025

![](pwclogo.jpg)

**<u>Exhibit A</u>**

**Additional assumptions and methodologies provided by the Company**

&nbsp;&nbsp;&nbsp;&nbsp;1. For any instances where multiple borrowers, guarantors, issuers, holdings, or obligors were listed in the Sources, use the name that
matched the issuer name provided by the Company.<br>

&nbsp;&nbsp;&nbsp;&nbsp;2. References to "Closing Date", "Effective Date", and "Acquisition Date" refer to the date on the
cover of the applicable document if not otherwise defined therein.

&nbsp;&nbsp;&nbsp;&nbsp;3. For the purposes of determining the "coupon type" Specified Attribute, if a Source contained a definition for any of the
following terms, the value was deemed to be "floating":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Adjusted Term SOFR

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Daily Simple SOFR

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Term SOFR

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. SOFR Advance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Term SOFR Advance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Term SOFR Loan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. SOFR Loan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Eurodollar Rate Advance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Benchmark Rate Loan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. ABR Loan

&nbsp;&nbsp;&nbsp;&nbsp;4. For the purposes of determining the "facility description" Specified Attribute, the following Source values within a Credit
Agreement, Common Security and Account Agreement or Guarantee and Security Agreement were deemed to be equivalent to "1<sup>st</sup>
Lien Loan":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. First Lien

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. First Priority

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. First Priority Basis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. First Priority Lien

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. First-Priority Liens

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. First-ranking or First Priority

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. First Priority Perfected Lien

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. First Priority Security Interest In and Lien

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. First Priority Perfected Liens

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. First Priority Secured Parties

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. First Priority Security Interest

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. First-Priority Security Interest

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. Prior to any other Lien

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n. Prior to the rights of all other Persons therein and subject to no other Liens

&nbsp;&nbsp;&nbsp;&nbsp;5. For the purposes of comparing the "index floor" Specified Attribute, utilize the "floor" column from the Transaction
Excel Data Files.

&nbsp;&nbsp;&nbsp;&nbsp;6. For the purposes of comparing the "spread/coupon" Specified Attribute, the Term Conversion Date has not occurred for Excel
Advantage Services LLC.

&nbsp;&nbsp;&nbsp;&nbsp;7. For the purposes of comparing the "maturity date" Specified Attribute for Excel Advantage Services LLC, and in accordance
with the Company's instructions, we have assumed the Scheduled Term Loan Maturity Date from the Credit Agreement to be five years
from April 30, 2026.