# EDGAR Filing Document

**Accession Number:** 0001876255
**File Stem:** 0001193125-26-090787
**Filing Date:** 2026-3
**Character Count:** 15435
**Document Hash:** 626db9b740c531798ee7f71ebbfe1227
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-090787.hdr.sgml**: 20260304

**ACCESSION NUMBER**: 0001193125-26-090787

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260226

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260304

**DATE AS OF CHANGE**: 20260304

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB Commercial Real Estate Private Debt Fund, LLC
- **CENTRAL INDEX KEY:** 0001876255
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 871137341
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56320
- **FILM NUMBER:** 26720105

**BUSINESS ADDRESS:**
- **STREET 1:** 66 HUDSON BOULEVARD EAST
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-969-1000

**MAIL ADDRESS:**
- **STREET 1:** 66 HUDSON BOULEVARD EAST
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### Current Report

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): February 26, 2026

## AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC

#### (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **000-56320** | **87-1137341** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

#### 66 Hudson Boulevard East

#### New York, New York 10001

#### (Address of principal executive offices and zip code)

#### Registrant's telephone number, including area code: (212) 486-5800
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol(s)** | **Name of each exchange**<br> **on which registered** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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#### Item 2.03 – Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure set forth below under Item 8.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03

#### Item 8.01 – Other Events.
On February 26, 2026, AB CRE PDF Lending C LLC ("<u>PDF</u>"), a wholly-owned subsidiary of AB Commercial Real Estate Private Debt Fund, LLC (the "<u>Company</u>"), entered into an amendment (the "<u>Amendment</u>") to the fee letter (as amended, the "<u>Fee Letter</u>"), by and between PDF, as the seller, the Company, as the guarantor, and Citibank, N.A., as the buyer.

The Amendment increased the master repurchase facility amount from $250,000,000 to $258,220,000. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment attached hereto as Exhibit 10.1.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment attached hereto as Exhibit 10.1.

#### Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [First Amendment to Fee Letter, dated February 26, 2026, among AB CRE PDF Lending C LLC, as Seller, the Company as Guarantor, and Citibank, N.A as the Buyer.](d104303dex101.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: March 4, 2026 | AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC | AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC |
|  | By: | /s/ Leon Hirth |
|  |  | Leon Hirth |
|  |  | Secretary |

---

## Exhibit 10.1

**Exhibit 10.1** 

**FIRST AMENDMENT TO FEE LETTER** 

**THIS FIRST AMENDMENT TO FEE LETTER** (this "**<u>Amendment</u>**") is made as of February 26, 2026 (the "**<u>Effective Date</u>**"), by and between **AB CRE PDF LENDING C LLC**, a Delaware limited liability company ("**<u>Seller</u>**"), **AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC**, a Delaware limited liability company ("**<u>Guarantor</u>**"), and **CITIBANK, N.A.**, a national banking association ("**<u>Buyer</u>**").

**RECITALS:** 

**WHEREAS**, Seller and Buyer entered into that certain Master Repurchase Agreement and Securities Contract, dated as of April 1, 2025 (as the same may be further amended, supplemented, extended, restated, replaced or otherwise modified from time to time, the "**<u>Repurchase Agreement</u>**"), and that certain Fee Letter, dated as of April 1, 2025 (as the same may be further amended, supplemented, extended, restated, replaced or otherwise modified from time to time, the "**<u>Fee Letter</u>**");

**WHEREAS**, capitalized terms used but not defined herein shall have the meanings assigned to them in the Repurchase Agreement; and

**WHEREAS**, Seller and Buyer desire to modify certain terms and provisions of the Fee Letter as set forth herein.

**NOW THEREFORE**, in consideration of the foregoing and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby consent and agree as follows:

**AGREEMENT:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>AMENDMENTS TO FEE LETTER</u>. The Fee Letter is hereby amended as of the Effective Date as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The following definition in Section 1 of the Fee Letter is hereby deleted in its entirety and the following definition is substituted therefor:

"<u>Facility Amount</u>" shall mean $258,220,000. Upon the written request of Seller from time to time prior to the Facility Availability Period Expiration Date, Buyer may, in Buyer's sole and absolute discretion, approve an increase of the Facility Amount in writing, provided, however, that the Facility Amount may not exceed $500,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>REAFFIRMATION OF GUARANTY</u>. Guarantor hereby represents, warrants and covenants that notwithstanding the execution and delivery of this Amendment and the amendment of the Fee Letter hereunder, all of Guarantor's obligations under the Guaranty remain in full force and effect and the same are hereby irrevocably and unconditionally ratified and confirmed by Guarantor in all respects.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>GUARANTOR'S REPRESENTATIONS</u>. Guarantor represents and warrants that (i) Guarantor has taken all necessary action to authorize the execution, delivery and performance of this Amendment, (ii) this Amendment has been duly executed and delivered by or on behalf of Guarantor and constitutes the legal, valid and binding obligation of Guarantor enforceable against Guarantor in accordance with its terms subject to bankruptcy, insolvency, and other limitations on creditors' rights generally and to equitable principles, (iii) no Event of Default has occurred and is continuing, and no Event of Default will occur as a result of the execution, delivery and performance by Guarantor of this Amendment, and (iv) any consent, approval, authorization, order, registration or qualification of or with any Governmental Authority required for the execution, delivery and performance by Guarantor of this Amendment has been obtained and is in full force and effect (other than consents, approvals, authorizations, orders, registrations or qualifications that if not obtained, are not reasonably likely to have a Material Adverse Effect).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>SELLER'S REAFFIRMATION</u>. Seller represents, warrants and covenants to Buyer that all of the terms, covenants and conditions of the Fee Letter and the other Transaction Documents remain unmodified (except as expressly modified hereby) and are in full force and effect and enforceable in accordance with their respective terms. Any inconsistency between this Amendment and the Fee Letter (as same existed before this Amendment) shall be resolved in favor of this Amendment, whether or not this Amendment specifically modifies the particular provision(s) in the Fee Letter inconsistent with this Amendment. All references to the "Fee Letter" in the Transaction Documents shall mean and refer to the Fee Letter as modified and amended hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>SELLER'S REPRESENTATIONS</u>. Seller represents and warrants that (i) Seller has taken all necessary action to authorize the execution, delivery and performance of this Amendment, (ii) this Amendment has been duly executed and delivered by or on behalf of Seller and constitutes the legal, valid and binding obligation of Seller enforceable against Seller in accordance with its terms subject to bankruptcy, insolvency, and other limitations on creditors' rights generally and to equitable principles, (iii) no Event of Default has occurred and is continuing, and no Event of Default will occur as a result of the execution, delivery and performance by Seller of this Amendment, and (iv) any consent, approval, authorization, order, registration or qualification of or with any Governmental Authority required for the execution, delivery and performance by Seller of this Amendment has been obtained and is in full force and effect (other than consents, approvals, authorizations, orders, registrations or qualifications that if not obtained, are not reasonably likely to have a Material Adverse Effect).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>CONDITIONS PRECEDENT</u>. This Amendment and its provisions shall become effective upon the execution and delivery of this Amendment by a duly authorized representative of each of Seller, Buyer and Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>AGREEMENT REGARDING EXPENSES</u>. Seller agrees to pay Buyer's reasonable out-of-pocket expenses (including reasonable legal fees of outside counsel) incurred in connection with the preparation and negotiation of this Amendment, the Repurchase Agreement and the Guaranty promptly after Buyer or Buyer's counsel gives Seller an invoice for such expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>NO WAIVER</u>. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Buyer under the Repurchase Agreement, the Fee Letter, any of the other Transaction Documents or any other document, instrument or agreement executed and/or delivered in connection therewith.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>GOVERNING LAW</u>. This Amendment shall be governed in accordance with the terms and provisions of Section 19 of the Repurchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>SEVERABILITY</u>. Wherever possible, each provision of this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>COUNTERPARTS</u>. This Amendment may be executed in any number of counterparts, and all such counterparts shall together constitute the same agreement. Signatures delivered by email (in PDF format) shall be considered binding with the same force and effect as original signatures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>SUCCESSORS AND ASSIGNS</u>. This Amendment shall inure to the benefit of and shall be binding on the parties hereto and their respective successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>AMENDMENTS</u>. This Amendment may not be modified, amended, waived, changed or terminated orally, but only by an agreement in writing signed by the party against whom the enforcement of the modification, amendment, waiver, change or termination is sought.

[NO FURTHER TEXT ON THIS PAGE]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their duly authorized representatives, all as of the day and year first above written.

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| | |
|:---|:---|
| <u>**SELLER**:</u> | <u>**SELLER**:</u> |
| **AB CRE PDF LENDING C LLC**, | **AB CRE PDF LENDING C LLC**, |
| a Delaware limited liability company | a Delaware limited liability company |
| By: AB Commercial Real Estate Private Debt Fund, LLC, its sole member | By: AB Commercial Real Estate Private Debt Fund, LLC, its sole member |
| By: | /s/ Marguerite Brogan |
|  | Name: Marguerite Brogan |
|  | Title: Chief Financial Officer |
| **<u>GUARANTOR</u>:** | **<u>GUARANTOR</u>:** |
| **AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC**, | **AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC**, |
| a Delaware limited liability company | a Delaware limited liability company |
| By: | /s/ Marguerite Brogan |
|  | Name: Marguerite Brogan |
|  | Title: Chief Financial Officer |

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[Signatures Continue on Following Page]

*Signature Page to First Amendment to Fee Letter (Citi-AB)* 

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| | |
|:---|:---|
| **<u>BUYER</u>:** | **<u>BUYER</u>:** |
| **CITIBANK, N.A.**, a national banking association | **CITIBANK, N.A.**, a national banking association |
| By: | /s/ Alicia L. Mioli |
|  | Name: Alicia L. Mioli |
|  | Title: Authorized Signatory |

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*Signature Page to First Amendment to Fee Letter (Citi-AB)*