AB Commercial Real Estate Private Debt Fund, LLC (the “Company”) filed a Current Report on Form 8-K on September 14, 2026, disclosing the entry into a material definitive agreement. The Company’s wholly-owned subsidiary, AB CRE PDF Lending VI LLC (“PDF”), executed a master repurchase agreement with Sumitomo Mitsui Banking Corporation, New York Branch (“SMBC”).
The agreement establishes a facility with a maximum capacity of $500,000,000. Under the terms of the repurchase agreement, PDF is authorized to sell and subsequently repurchase eligible commercial mortgage loans. The eligible collateral includes loans secured by office, retail, industrial, hospitality, multi-family, or self-storage properties, or other property types that SMBC deems acceptable.
The facility allows for the addition of new loans until the expiration date of September 14, 2029. This date is subject to extension or earlier termination in accordance with the specific terms of the agreement. The Company has agreed to guarantee certain obligations of PDF under the terms of the transaction documents.
The purchase price for each asset is calculated based on the Advance Rate and the Market Value of the asset at the time of purchase. The repurchase price is determined by the outstanding purchase price, accrued and unpaid price differentials, costs and expenses incurred by SMBC, and any applicable exit or release fees.
Exhibit 10.1 to the filing contains the full text of the uncommitted master repurchase agreement. The filing was signed by Leon Hirth on September 16, 2026.
