AB Commercial Real Estate Private Debt Fund Amends Loan, Adds $40.88M

What Happened
AB Commercial Real Estate Private Debt Fund, LLC filed an 8-K reporting that on July 23, 2026 its wholly owned subsidiary AB CRE PDF TNVA1 LLC entered into an amendment to its Loan and Security Agreement with HSBC Bank USA, N.A. and the lenders. The amendment (i) extends the initial maturity date to June 9, 2028 and (ii) provides an additional loan of $40,880,000, increasing total borrowings under the HSBC facility to $188,592,500.

Key Details

• Amendment date: July 23, 2026; 8-K filed July 27, 2026.
• Additional Loan: $40,880,000; total HSBC TNVA1 Loan after amendment: $188,592,500.
• Interest: Additional Loan bears interest at Term SOFR plus a margin of 1.25%.
• Security & guarantee: Additional Loan is secured by a first-priority security interest in a mortgage loan of the Fund (collaterally assigned to lenders). The Fund reinstated and modified its guarantee equal to the lesser of (i) 25% of the outstanding principal or (ii) $47,148,125.
• The Amendment adds customary covenants and events of default related to the new loan.

Why It Matters
This amendment increases the Fund’s indebtedness under the HSBC facility and reinstates a significant guarantor obligation, which raises the Fund’s potential credit exposure. Investors should note the larger borrowing capacity, the fixed margin over Term SOFR, the extended maturity (June 9, 2028), and the first‑priority security interest securing the Additional Loan—facts that affect the Fund’s leverage, collateral structure, and potential liability under its guarantee. The full amendment text is filed as Exhibit 10.1 for more detail.