AB Commercial Real Estate Private Debt Fund, LLC (the “Company”) is a Delaware limited liability company formed on June 1, 2021 (“Formation”) to operate as a private investment entity generally for qualified US investors. The Company has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”). The investment objective of the Company is to generate attractive risk-adjusted returns through investments primarily in loans secured by high quality commercial real estate properties located in the United States. The Company will seek to prioritize capital preservation and high current income by investing primarily in directly originated first mortgage loans, senior and junior mezzanine loans,B-notes,
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AB CRE PDF Member I LLC • AB CRE PDF Athena LLC • AB CRE PDF TNVA1 LLC ...
IRS number
871137341
Latest filings (excl ownership)
10-K
2023 FY
Annual report
1 Apr 24
8-K
Entry into a Material Definitive Agreement
15 Dec 23
8-K
Entry into a Material Definitive Agreement
13 Dec 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Unregistered Sales of Equity Securities
21 Sep 23
D/A
Indefinite amount in investment fund / equity, sold $247.63 mm, 548 investors
25 Aug 23
8-K
Unregistered Sales of Equity Securities
24 Aug 23
10-Q
2023 Q2
Quarterly report
10 Aug 23
10-Q
2023 Q1
Quarterly report
11 May 23
8-K
Unregistered Sales of Equity Securities
24 Apr 23
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 95.83 mm | 95.83 mm | 95.83 mm | 95.83 mm | 95.83 mm | 95.83 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 393.00 k | 113.25 k |
Cash used (since last report) | n/a | n/a | n/a | n/a | 2.68 mm | 772.76 k |
Cash remaining | n/a | n/a | n/a | n/a | 93.15 mm | 95.06 mm |
Runway (months of cash) | n/a | n/a | n/a | n/a | 237.0 | 839.4 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Sep 23 | Peter Gordon | Limited Liability Company Units | Buy | Acquire P | No | No | 0 | 0 | 0.00 | 1,474.381 |
21 Sep 23 | Marguerite Brogan | Limited Liability Company Units | Buy | Acquire P | No | No | 0 | 0 | 0.00 | 2,518.856 |
21 Sep 23 | Edward Gellert | Limited Liability Company Units | Buy | Acquire P | No | No | 0 | 0 | 0.00 | 953.146 |
21 Sep 23 | Edward Gellert | Limited Liability Company Units | Buy | Acquire P | No | No | 9.7265 | 1,722.099 | 16.75 k | 3,253.309 |
21 Sep 23 | Peter Gordon | Limited Liability Company Units | Buy | Acquire P | No | No | 9.7265 | 2,583.149 | 25.12 k | 5,001.179 |