10-Q
Quarterly Report
AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC
CIK: 1876255
File #: 000-56320
Balance Sheet
63 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Loan receivables held for investment, net, at amortized cost | ||
Mortgage loans receivable | 948,185,000 | 867,687,000 |
Loan Nine | 157,509,000 | 157,509,000 |
Loan 14 | 99,255,000 | 97,945,000 |
Loan 8 | 34,788,000 | 34,540,000 |
Loan 1 | 29,276,000 | 29,276,000 |
Loan 17 | 66,528,000 | — |
Loan 15 | 58,196,000 | 58,417,000 |
Loan 18 | 74,824,000 | — |
Loan 16 | 60,814,000 | — |
Loan 12 | 29,781,000 | 29,758,000 |
Loan 7 | 19,625,000 | 19,625,000 |
Loan 13 | 99,404,000 | 99,275,000 |
Loan Five | 55,935,000 | 55,935,000 |
Loan 6 | 27,738,000 | 27,715,000 |
Loan 11 | 134,512,000 | 132,228,000 |
Loan 3 | — | 40,971,000 |
Equity Method Investments | — | 426,163,000 |
Loan 10 | — | 84,493,000 |
Allowance for credit losses | 6,142,000 | 6,127,000 |
Equity method investments | 28,129,000 | 31,045,000 |
AB Commercial Real Estate Debt Fund AB Cred Three | 24,500,000 | 27,300,000 |
AB Commercial Real Estate Debt Fund AB Cred Two | 3,600,000 | 3,700,000 |
Cash and cash equivalents | 10,800,000 | 10,913,000 |
Equity Method Investments | — | 13,722,000 |
Accrued interest receivable | 4,158,000 | 5,538,000 |
Other assets | 69,000 | 52,000 |
Equity Method Investments | — | 11,875,000 |
Deferred financing costs, net | 845,000 | 1,208,000 |
Total assets | 986,044,000 | 910,316,000 |
Equity Method Investments | — | 451,759,000 |
Liabilities and Members' Capital | ||
Liabilities | ||
Credit facility | 133,000,000 | 38,000,000 |
Notes payable | 119,707,000 | 119,707,000 |
Credit facility | 133,000,000 | 38,000,000 |
HSBC Loan | 86,080,000 | 141,330,000 |
Total Debt Obligation | 626,131,000 | 545,528,000 |
Repurchase agreement | 287,344,000 | 246,491,000 |
Repurchase agreement | 287,344,000 | 246,491,000 |
Notes payable | 205,787,000 | 261,037,000 |
Distribution payable | 8,010,000 | 8,269,000 |
Redemption payable | 2,917,000 | 4,094,000 |
Related Party | 554,000 | 1,158,000 |
Reimbursement payable (see Note 8) | 0 | 168,000 |
Incentive fee payable (see Note 8) | 675,000 | 1,152,000 |
Management fee payable (see Note 8) | 2,444,000 | 2,459,000 |
Investment Manager | 2,400,000 | 2,500,000 |
Accounts payable and accrued expenses | 3,657,000 | 2,868,000 |
Other liabilities | 324,000 | 509,000 |
Equity Method Investments | — | 14,310,000 |
Total liabilities | 644,712,000 | 566,205,000 |
Equity Method Investments | — | 16,280,000 |
Commitments and contingencies (see Note 10) | 0 | 0 |
Members' capital | ||
Common units (36,304,697 and 36,290,817 units issued and outstanding at March 31, 2025 and December 31, 2024) | 354,649,000 | 354,488,000 |
Distributions in excess of earnings | (13,317,000) | (10,377,000) |
Total member's capital | 341,332,000 | 344,111,000 |
Distributions in excess of earnings | (13,317,000) | (10,377,000) |
Additional Paid-in Capital | 354,649,000 | 354,488,000 |
Total liabilities and members' capital | 986,044,000 | 910,316,000 |
Equity Method Investments | — | 451,759,000 |