Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 - Entry into a Material Definitive Agreement.

On July 23, 2026, AB CRE PDF TNVA1 LLC ("TNVA1"), a wholly owned subsidiary of AB Commercial Real Estate Private Debt Fund, LLC (the "Fund"), entered into an amendment (the "Amendment") to the Loan and Security Agreement (the "HSBC Loan and Security Agreement") by and among TNVA1, as borrower, HSBC Bank USA, National Association ("HSBC"), as administrative agent for itself and the other lenders signatory thereto, and the lenders signatory thereto (the "Lenders").

The Amendment, among other changes, (i) extends the initial maturity date of borrowings under the HSBC Loan and Security Agreement to June 9, 2028 and (ii) provides for an additional loan under the HSBC Loan and Security Agreement of $40,880,000.00 (the "Additional Loan"), increasing the aggregate total borrowings under the HSBC Loan and Security Agreement to $188,592,500.00 (the "HSBC TNVA1 Loan"). The Additional Loan bears interest at Term SOFR plus a margin of 1.25%, and it is secured by a first priority security interest in a mortgage loan of the Fund that was collaterally assigned to the Lenders in connection with the Amendment. The Amendment also introduced new customary covenants and events of default with respect to the Additional Loan.

In connection with the Amendment, the Fund reinstated and modified its obligations to guarantee the payment of the HSBC TNVA1 Loan in an amount equal to the lesser of (i) 25% of the outstanding principal balance of the HSBC TNVA1 Loan and (ii) $47,148,125.00.

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 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.