10-K
Annual Report
AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC
CIK: 1876255
File #: 000-56320
Balance Sheet
46 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
Assets | ||
Loan receivables held for investment, net, at amortized cost: | ||
Mortgage loans receivable | 675,211,000 | 264,896,000 |
Loan 2 | 41,224,000 | 43,331,000 |
Loan 4 | 40,591,000 | 37,597,000 |
Loan 5 | 54,157,000 | 50,628,000 |
Loan 10 | 84,222,000 | — |
Loan 8 | 34,227,000 | — |
Loan 9 | 161,044,000 | — |
Loan 1 | 41,270,000 | 40,569,000 |
Loan 6 | 37,583,000 | 37,472,000 |
Loan 7 | 17,325,000 | 14,614,000 |
Loan 3 | 40,822,000 | 40,685,000 |
Loan 11 | 122,746,000 | — |
Allowance for credit losses | 5,275,000 | 1,603,000 |
Equity method investments | 47,251,000 | 58,539,000 |
AB Commercial Real Estate Debt Fund AB Cred Two | 6,000,000 | 11,600,000 |
AB Commercial Real Estate Debt Fund AB Cred Three | 41,200,000 | 46,900,000 |
Cash and cash equivalents | 26,622,000 | 5,199,000 |
Accrued interest receivable | 3,750,000 | 1,415,000 |
Other assets | 111,000 | 0 |
Related Party | 0 | 890,000 |
Investment Manager | 0 | 900,000 |
Deferred financing costs, net | 1,519,000 | 742,000 |
Total assets | 749,189,000 | 330,078,000 |
Liabilities and Members' Capital | ||
Liabilities | ||
Credit facility | 0 | 52,800,000 |
Credit facility | 65,000,000 | — |
Repurchase agreement | 186,945,000 | 158,653,000 |
Notes payable | 259,417,000 | 0 |
Distribution payable | 8,233,000 | 4,904,000 |
Related Party | 141,000 | 63,000 |
Incentive fee payable | 1,547,000 | 268,000 |
Management fee payable | 1,041,000 | 865,000 |
Investment Manager | 1,000,000 | 900,000 |
Accounts payable and accrued expenses | 2,573,000 | 2,077,000 |
Other liabilities | 108,000 | 276,000 |
Total Liabilities | 460,005,000 | 219,906,000 |
Members' capital | ||
Common units (30,006,873 and 11,424,012 units issued and outstanding at December 31, 2023 and 2022, respectively) | 294,615,000 | 112,603,000 |
Distributions in excess of earnings | (5,431,000) | (2,431,000) |
Total members' capital | 289,184,000 | 110,172,000 |
Additional Paid-in Capital | 294,615,000 | 112,603,000 |
Distributions in excess of earnings | (5,431,000) | (2,431,000) |
Total liabilities and members' capital | 749,189,000 | 330,078,000 |