Financial Obligation (Form 8-K)

Item 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-BalanceSheet Arrangement of a Registrant.

The disclosure set forth below under Item 8.01 of this Current Report on Form 8-Kis incorporated by reference into this Item 2.03

Item 8.01 - Other Events.

On February 26, 2026, AB CRE PDF Lending C LLC ("PDF"), a wholly-owned subsidiary of AB Commercial Real Estate Private Debt Fund, LLC (the "Company"), entered into an amendment (the "Amendment") to the fee letter (as amended, the "Fee Letter"), 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.