SEC filing record
Primary Source · SEC.gov

BI Credit Fund V REIT LLC

Fund Vehicle2026 vintage506(c), 3(c)
Latest signalNew Form D filerForm D · 2025-05-23Last filing 2025-05-23

Raised

$110K

Investors

110

Min Invest

$1,000

AltStreet Analysis

·

Generated from EDGAR primary sources

BI Credit Fund V REIT LLC is a Delaware-organized fund vehicle that filed an amended Form D on 2026-10-22, reporting $110K raised from 110 investors under Rule 506(c) combined with a 3(c) Investment Company Act exemption. The $1K minimum investment matches the average check size exactly, and the offering is managed by executives Daniel Stahl, Alex Horn, Isaac Marcushamer, and Jon Gitman; no parent platform or sibling entities have been matched to date.

This filing sits at the low end of the alternative investment fund spectrum, with a $1K minimum investment tier that is far more retail-accessible than the $25K-$250K+ minimums typical of 506(c) private credit or real estate vehicles. The combined 506(c)/3(c) exemption structure and REIT LLC wrapper suggest a non-traded, retail-oriented credit REIT model distinct from institutional private placements.

Data Flags

Total Amount Sold / Total InvestorsAverage investment of exactly $1,000 per investor across all 110 investors precisely matches the stated minimum, indicating a uniform, very small check size uncommon in alternative investment filings.
First Sale DateNo first sale date disclosed despite a sub-$100M raise ($110K); this does not qualify for the large-institutional-amendment exception and leaves the offering's actual launch timing unclear.
ExemptionFiling claims both 506(c) and a 3(c) Investment Company Act exemption simultaneously, a combined-exemption pattern worth noting though not necessarily irregular for a credit REIT structure.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002069728
Entity NameBI Credit Fund V REIT LLC
ExemptionRule 506(c), Section 3(c), 3C.5
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationDelaware
Issuer Address2601 Bayshore Dr., Suite 1400, Miami, FL 33133
Phone(305) 749-9887
Industry / Fund TypeREITS and Finance
Investment Company ActExcluded under Section 3(c)
Securities TypeEquity, Other
First Sale Date—
Filing DateOctober 22, 2026
Accession Number0002069728-26-000001
Total Offering Amount$125,000
Total Amount Sold$110,000
Amount Remaining$15,000
Total Investors110
Non-Accredited InvestorsNone
Minimum Investment$1,000
Offering DurationOne year or less
Sales Commissions$5,500 (to ICA, LLC)
Finders' Fees$0
Revenue RangeDecline to Disclose
State (Issuer Address)FL
Amendment Count2 filings on record

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

In the Terminal

Filing events

1

latest May 23, 2025

Critical / warning

0 / 0

0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

raising

Latest event New filer · May 23, 2025

SEC.gov
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  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Daniel Stahl

Executive Officer, Director · MIAMI, FL

Alex Horn

Executive Officer, Director · MIAMI, FL

Isaac Marcushamer

Executive Officer · MIAMI, FL

Jon Gitman

Executive Officer, Director · MIAMI, FL

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

ICA, LLCCRD 145235 on BrokerCheck

Associated broker-dealer: None · Nashville, TN · Soliciting in FL, TN

Questions About BI Credit Fund V REIT LLC

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is BI Credit Fund V REIT LLC?

BI Credit Fund V REIT LLC is a Delaware limited liability company that filed a Form D with the SEC on October 21, 2025 in the REITS and Finance industry group. The filing claims Rule 506(c), Section 3(c), 3C.5 for an offering of equity.

Is BI Credit Fund V REIT LLC legit?

AltStreet does not rate legitimacy; it reports the public record. BI Credit Fund V REIT LLC filed a Form D with the SEC on October 21, 2025 claiming Rule 506(c), Section 3(c), 3C.5. A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $110,000 sold to 110 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is BI Credit Fund V REIT LLC registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that BI Credit Fund V REIT LLC claimed Rule 506(c), Section 3(c), 3C.5 and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has BI Credit Fund V REIT LLC raised?

BI Credit Fund V REIT LLC reported $110,000 sold from 110 investors of a $125,000 total offering as of the Form D filed October 21, 2025.

Who can invest in BI Credit Fund V REIT LLC?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $1,000.

What is the minimum investment in BI Credit Fund V REIT LLC?

The Form D lists $1,000 as the minimum investment accepted from any outside investor as of October 21, 2025. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling BI Credit Fund V REIT LLC and how are they paid?

The Form D names ICA, LLC (CRD 145235), associated with None as the recipient of sales compensation soliciting in FL, TN. Sales commissions are reported as $5,500 and finders' fees as $0. Form D allows these to be estimates.

Who is behind BI Credit Fund V REIT LLC?

The Form D lists 4 related persons: Daniel Stahl, executive officer, director; Alex Horn, executive officer, director; Isaac Marcushamer, executive officer; Jon Gitman, executive officer, director. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is BI Credit Fund V REIT LLC located?

The issuer's address on its SEC filings is 2601 Bayshore Dr., Suite 1400, Miami, FL 33133. Its phone number of record is 3057499887. It is organized under the laws of Delaware.

How long is the BI Credit Fund V REIT LLC offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.

What is BI Credit Fund V REIT LLC's revenue?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.