10-Q
Quarterly Report
AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC
CIK: 1876255
File #: 000-56320
Balance Sheet
64 line items · 2 periods
XBRL
| Item | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
Assets | ||
Loan receivables held for investment, net, at amortized cost: | ||
Mortgage loans receivable | 1,300,208,000 | 1,107,555,000 |
Loan 22 | 111,127,000 | 111,036,000 |
Loan 19 | 34,808,000 | 34,768,000 |
Loan 6 | 27,748,000 | 27,748,000 |
Loan 8 | 35,282,000 | 35,533,000 |
Loan 24 | 71,163,000 | 71,087,000 |
Loan 17 | 69,127,000 | 68,408,000 |
Loan 18 | 77,275,000 | 76,873,000 |
Loan Nine | 105,256,000 | 105,256,000 |
Loan 14 | 99,583,000 | 99,502,000 |
Loan 15 | 58,482,000 | 58,408,000 |
Loan Five | 55,935,000 | 55,935,000 |
Loan 23 | 96,476,000 | 96,387,000 |
Loan 21 | 26,351,000 | 26,332,000 |
Loan 20 | 119,579,000 | 119,060,000 |
Loan 12 | 29,880,000 | 29,854,000 |
Loan 16 | 62,410,000 | 62,092,000 |
Loan 1 | — | 29,276,000 |
Loan 26 | 89,105,000 | — |
Loan 25 | 130,621,000 | — |
Allowance for credit losses | 5,502,000 | 4,439,000 |
Commercial debt securities, at fair value (cost of $ $17,700 and $7,700, respectively) | 17,692,000 | 7,716,000 |
Equity method investments | 43,704,000 | 45,486,000 |
AB CRED II | 21,300,000 | 3,400,000 |
Horton Plaza JV LLC | 19,100,000 | 19,200,000 |
Variable Interest Entity | 43,704,000 | 45,486,000 |
AB CRED III | 3,300,000 | 23,000,000 |
Cash and cash equivalents | 6,669,000 | 21,324,000 |
Accrued interest receivable | 5,217,000 | 4,840,000 |
Other assets | 50,000 | 65,000 |
Deferred financing costs, net | 1,286,000 | 1,950,000 |
Total assets | 1,369,324,000 | 1,184,497,000 |
Variable Interest Entity | 43,704,000 | 45,486,000 |
Liabilities and Members' Capital | ||
Liabilities | ||
Credit facility | 90,000,000 | 0 |
Morgan Stanley repurchase agreement | 421,763,000 | 445,327,000 |
Notes payable | 79,995,000 | 79,995,000 |
Total Debt Obligation | 944,301,000 | 772,050,000 |
Commercial Debt Securities | 17,692,000 | 7,700,000 |
Credit facility | 90,000,000 | 0 |
Citibank repurchase agreement | 208,776,000 | 102,960,000 |
HSBC Loan | 143,767,000 | 143,768,000 |
Repurchase agreement | 630,539,000 | 548,288,000 |
Notes payable | 223,762,000 | 223,762,000 |
Liability for securities purchased | 10,000,000 | 0 |
Distribution payable | 6,841,000 | 4,760,000 |
Redemption payable | 3,701,000 | 1,882,000 |
Related Party | 947,000 | 615,000 |
Incentive fee payable (see Note 9) | 189,000 | 101,000 |
Management fee payable (see Note 9) | 4,221,000 | 2,794,000 |
Investment Manager | 4,200,000 | 2,800,000 |
Accounts payable and accrued expenses | 4,144,000 | 3,379,000 |
Other liabilities | 610,000 | 528,000 |
Total Liabilities | 974,954,000 | 786,109,000 |
Members' capital | ||
Common units (42,213,046 and 42,420,090 units issued and outstandin at March 31, 2026 and December 31, 2025, respectively) | 409,992,000 | 411,932,000 |
Distributions in excess of earnings | (15,622,000) | (13,544,000) |
Total members' capital | 394,370,000 | 398,388,000 |
Additional Paid-in Capital | 409,992,000 | 411,932,000 |
Distributions in excess of earnings | (15,622,000) | (13,544,000) |
Total liabilities and equity | 1,369,324,000 | 1,184,497,000 |