10-Q
Quarterly Report
AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC
CIK: 1876255
File #: 000-56320
Balance Sheet
51 line items · 2 periods
XBRL
| Item | Sep 30, 2023 | Dec 31, 2022 |
|---|---|---|
Assets | ||
Loan receivables held for investments, net, at amortized cost | ||
Mortgage loans receivable | 549,735,000 | 264,896,000 |
Loan 1 | 41,218,000 | 40,569,000 |
Loan 2 | 41,190,000 | 43,331,000 |
Loan 4 | 39,689,000 | 37,597,000 |
Loan 3 | 40,787,000 | 40,685,000 |
Loan 6 | 37,554,000 | 37,472,000 |
Loan 5 | 52,198,000 | 50,628,000 |
Loan 7 | 15,505,000 | 14,614,000 |
Equity Method Investments | — | 845,297,000 |
Loan 8 | 34,200,000 | — |
Loan 9 | 163,236,000 | — |
Loan 10 | 84,158,000 | — |
Allowance for credit losses | 2,890,000 | 1,603,000 |
Equity method investments | 53,148,000 | 58,539,000 |
AB Commercial Real Estate Debt Fund AB Cred Two | 8,000,000 | — |
AB Commercial Real Estate Debt Fund AB Cred Three | 45,100,000 | — |
Cash and cash equivalents | 13,188,000 | 5,199,000 |
Equity Method Investments | — | 37,221,000 |
Restricted cash | 82,644,000 | — |
Accrued interest receivable | 2,760,000 | 1,415,000 |
Other assets | 92,000 | — |
Equity Method Investments | — | 9,522,000 |
Related Party | 131,000 | 890,000 |
Investment Manager | 100,000 | 900,000 |
Deferred financing costs, net | 414,000 | 742,000 |
Total assets | 699,222,000 | 330,078,000 |
Equity Method Investments | — | 892,041,000 |
Liabilities and Members' Capital | ||
Liabilities | ||
Debt obligations | 408,573,000 | 211,453,000 |
Capital received in advance | 82,644,000 | — |
Distribution payable | 5,391,000 | 4,904,000 |
Related Party | 88,000 | 63,000 |
Incentive fee payable | 1,067,000 | 268,000 |
Management fee payable | 1,141,000 | 865,000 |
Investment Manager | 1,100,000 | 900,000 |
Accounts payable and accrued expenses | 2,976,000 | 2,077,000 |
Other liabilities | 331,000 | 276,000 |
Equity Method Investments | — | 1,651,000 |
Total Liabilities | 502,211,000 | 219,906,000 |
Equity Method Investments | — | 2,784,000 |
Members' capital | ||
Common units (20,233,501 and 11,424,012 units issued and outstanding at September 30, 2023 and December 31, 2022, respectively) | 199,153,000 | 112,603,000 |
Distributions in excess of earnings | (2,142,000) | (2,431,000) |
Total member's capital | 197,011,000 | 110,172,000 |
Additional Paid-in Capital | 199,153,000 | 112,603,000 |
Distributions in excess of earnings | (2,142,000) | (2,431,000) |
Total liabilities and members' capital | 699,222,000 | 330,078,000 |
Equity Method Investments | — | 892,041,000 |