10-Q
Quarterly Report
AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC
CIK: 1876255
File #: 000-56320
Balance Sheet
52 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Loan receivables held for investments, net, at amortized cost | ||
Mortgage loans receivable | 667,099,000 | 675,211,000 |
Loan 3 | 40,858,000 | 40,822,000 |
Loan 9 | 161,645,000 | 161,044,000 |
Loan 8 | 34,256,000 | 34,227,000 |
Loan 10 | 84,288,000 | 84,222,000 |
Loan 5 | 55,703,000 | 54,157,000 |
Loan 4 | 40,626,000 | 40,591,000 |
Loan 2 | 41,259,000 | 41,224,000 |
Loan 11 | 122,915,000 | 122,746,000 |
Loan 7 | 18,732,000 | 17,325,000 |
Loan 6 | 37,613,000 | 37,583,000 |
Loan 1 | 29,204,000 | 41,270,000 |
Equity Method Investments | — | 688,366,000 |
Allowance for credit losses | 8,439,000 | 5,275,000 |
Equity method investments | 46,740,000 | 47,251,000 |
AB Commercial Real Estate Debt Fund AB Cred Three | 41,000,000 | 41,200,000 |
AB Commercial Real Estate Debt Fund AB Cred Two | 5,700,000 | 6,000,000 |
Cash and cash equivalents | 30,297,000 | 26,622,000 |
Equity Method Investments | — | 1,057,000 |
Accrued interest receivable | 3,680,000 | 3,750,000 |
Other assets | 132,000 | 111,000 |
Equity Method Investments | — | 10,306,000 |
Deferred financing costs, net | 1,313,000 | 1,519,000 |
Total assets | 740,822,000 | 749,189,000 |
Equity Method Investments | — | 699,729,000 |
Liabilities and Members' Capital | ||
Liabilities | ||
Repurchase agreement | 177,345,000 | 186,945,000 |
Notes payable | 259,417,000 | 259,417,000 |
Distribution payable | 8,143,000 | 8,233,000 |
Related Party | 76,000 | 141,000 |
Reimbursement payable (see Note 8) | 147,000 | 0 |
Investment Manager | 100,000 | 0 |
Incentive fee payable (see Note 8) | 2,296,000 | 1,547,000 |
Management fee payable (see Note 8) | 2,073,000 | 1,041,000 |
Investment Manager | 2,100,000 | 1,000,000 |
Accounts payable and accrued expenses | 2,789,000 | 2,573,000 |
Other liabilities | 517,000 | 108,000 |
Equity Method Investments | — | 1,297,000 |
Total Liabilities | 452,803,000 | 460,005,000 |
Equity Method Investments | — | 2,275,000 |
Commitments and contingencies (see Note 10) | 0 | 0 |
Members' capital | ||
Common units (30,317,777 and 30,006,873 units issued and outstanding at March 31, 2024 and December 31, 2023, respectively) | 297,602,000 | 294,615,000 |
Distributions in excess of earnings | (9,583,000) | (5,431,000) |
Total member's capital | 288,019,000 | 289,184,000 |
Additional Paid-in Capital | 297,602,000 | 294,615,000 |
Distributions in excess of earnings | (9,583,000) | (5,431,000) |
Total liabilities and members' capital | 740,822,000 | 749,189,000 |
Equity Method Investments | — | 699,729,000 |