v3.26.1
Subsequent Events
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

14. Subsequent Events

Subsequent events after the balance sheet date have been evaluated through the date the consolidated financial statements were issued. Other than the items discussed below, there were no subsequent events requiring adjustment to, or disclosure in, the consolidated financial statements.

Origination of mortgage loan receivables

In February 2026, one loan was closed totaling $178.0 million of commitment.

First Citibank Repurchase Agreement Amendment

On February 26, 2026, AB CRE PDF Lending C LLC (“PDF Lending C”) entered into that certain first amendment to fee
letter (“the First Amendment to Fee Letter”). The First Amendment to Fee Letter increased the master repurchase facility
amount from $
250,000,000 to $258,220,000.