10-Q
Quarterly Report
AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC
CIK: 1876255
File #: 000-56320
Balance Sheet
67 line items · 2 periods
XBRL
| Item | Jun 30, 2026 | Dec 31, 2025 |
|---|---|---|
Assets | ||
Loan receivables held for investment, net, at amortized cost: | ||
Mortgage loans receivable | 1,422,223,000 | 1,107,555,000 |
Loan 6 | 27,748,000 | 27,748,000 |
Loan 20 | 121,672,000 | 119,060,000 |
Loan 27 | 74,443,000 | — |
Loan 22 | 111,220,000 | 111,036,000 |
Loan 16 | 63,102,000 | 62,092,000 |
Loan 28 | 57,834,000 | — |
Loan 17 | 70,474,000 | 68,408,000 |
Loan 21 | 26,371,000 | 26,332,000 |
Loan 18 | 77,953,000 | 76,873,000 |
Loan 8 | 35,304,000 | 35,533,000 |
Loan 19 | 35,668,000 | 34,768,000 |
Loan 26 | 89,179,000 | — |
Loan 30 | 65,343,000 | — |
Loan 23 | 96,640,000 | 96,387,000 |
Loan Nine | 105,256,000 | 105,256,000 |
Loan Five | 55,935,000 | 55,935,000 |
Loan 25 | 137,522,000 | — |
Loan 29 | 40,761,000 | — |
Loan 15 | 58,557,000 | 58,408,000 |
Loan 24 | 71,241,000 | 71,087,000 |
Loan 14 | — | 99,502,000 |
Loan 12 | — | 29,854,000 |
Loan 1 | — | 29,276,000 |
Allowance for credit losses | 8,189,000 | 4,439,000 |
Commercial debt securities, at fair value (cost of $ $17,656 and $7,700, respectively) | 17,671,000 | 7,716,000 |
Equity method investments | 43,639,000 | 45,486,000 |
Variable Interest Entity | 43,639,000 | 45,486,000 |
AB CRED II | 3,200,000 | 3,400,000 |
Horton Plaza JV LLC | 19,600,000 | 19,200,000 |
AB CRED III | 20,900,000 | 23,000,000 |
Cash and cash equivalents | 14,089,000 | 21,324,000 |
Accrued interest receivable | 5,412,000 | 4,840,000 |
Other assets | 79,000 | 65,000 |
Deferred financing costs, net | 2,560,000 | 1,950,000 |
Total assets | 1,497,484,000 | 1,184,497,000 |
Variable Interest Entity | 43,639,000 | 45,486,000 |
Liabilities and Members' Capital | ||
Liabilities | ||
Credit facility | 77,500,000 | 0 |
Total Debt Obligation | 1,011,724,000 | 772,050,000 |
Credit facility | 77,500,000 | 0 |
Notes payable | 79,995,000 | 79,995,000 |
Commercial Debt Securities | 17,671,000 | 7,700,000 |
Citibank repurchase agreement | 345,389,000 | 102,960,000 |
HSBC Loan | 143,767,000 | 143,768,000 |
Morgan Stanley repurchase agreement | 365,073,000 | 445,327,000 |
Repurchase agreement | 710,462,000 | 548,288,000 |
Notes payable | 223,762,000 | 223,762,000 |
Distribution payable | 8,138,000 | 4,760,000 |
Redemption payable | 8,541,000 | 1,882,000 |
Related Party | 1,290,000 | 615,000 |
Incentive fee payable (see Note 9) | 378,000 | 101,000 |
Management fee payable (see Note 9) | 5,869,000 | 2,794,000 |
Investment Manager | 5,900,000 | 2,800,000 |
Accounts payable and accrued expenses | 4,633,000 | 3,379,000 |
Other liabilities | 1,079,000 | 528,000 |
Total Liabilities | 1,041,652,000 | 786,109,000 |
Members' capital | ||
Common units (49,147,532 and 42,420,090 units issued and outstanding at June 30, 2026 and December 31, 2025, respectively) | 474,888,000 | 411,932,000 |
Distributions in excess of earnings | (19,056,000) | (13,544,000) |
Total members' capital | 455,832,000 | 398,388,000 |
Additional Paid-in Capital | 474,888,000 | 411,932,000 |
Distributions in excess of earnings | (19,056,000) | (13,544,000) |
Total liabilities and equity | 1,497,484,000 | 1,184,497,000 |