10-Q Filing

AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC CIK: 1876255 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001193125-24-136079`
Period End Date	20240331
Filing Date	20240510
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	d827784d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 84 Cash Flow Statement 134 Stockholders Equity 38

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Common unit, issued	`CommonUnitIssued`	30.32M	shares	Point-in-time
Common unit, issued	`CommonUnitIssued`	30.32M	shares	Point-in-time
Common unit, issued	`CommonUnitIssued`	30.01M	shares	Point-in-time
Common unit, issued	`CommonUnitIssued`	30.01M	shares	Point-in-time
Common unit, outstanding	`CommonUnitOutstanding`	30.01M	shares	Point-in-time
Common unit, outstanding	`CommonUnitOutstanding`	30.01M	shares	Point-in-time
Common unit, outstanding	`CommonUnitOutstanding`	30.32M	shares	Point-in-time
Common unit, outstanding	`CommonUnitOutstanding`	30.32M	shares	Point-in-time
Mortgage loans receivable	`MortgageLoansOnRealEstate`	$667.10M	USD	Point-in-time
Mortgage loans receivable	`MortgageLoansOnRealEstate`	$667.10M	USD	Point-in-time
Mortgage loans receivable	`MortgageLoansOnRealEstate`	$675.21M	USD	Point-in-time
Mortgage loans receivable	`MortgageLoansOnRealEstate`	$675.21M	USD	Point-in-time
Allowance for credit losses	`AllowanceForLoanAndLeaseLossesRealEstate`	$8.44M	USD	Point-in-time
Allowance for credit losses	`AllowanceForLoanAndLeaseLossesRealEstate`	$8.44M	USD	Point-in-time
Allowance for credit losses	`AllowanceForLoanAndLeaseLossesRealEstate`	$5.28M	USD	Point-in-time
Allowance for credit losses	`AllowanceForLoanAndLeaseLossesRealEstate`	$5.28M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$47.25M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$47.25M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$46.74M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$46.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.62M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$3.75M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$3.75M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$3.68M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$3.68M	USD	Point-in-time
Other assets	`OtherAssets`	$111.00K	USD	Point-in-time
Other assets	`OtherAssets`	$111.00K	USD	Point-in-time
Other assets	`OtherAssets`	$132.00K	USD	Point-in-time
Other assets	`OtherAssets`	$132.00K	USD	Point-in-time
Deferred financing costs, net	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$1.52M	USD	Point-in-time
Deferred financing costs, net	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$1.52M	USD	Point-in-time
Deferred financing costs, net	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$1.31M	USD	Point-in-time
Deferred financing costs, net	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$1.31M	USD	Point-in-time
Total assets	`Assets`	$749.19M	USD	Point-in-time
Total assets	`Assets`	$749.19M	USD	Point-in-time
Total assets	`Assets`	$740.82M	USD	Point-in-time
Total assets	`Assets`	$740.82M	USD	Point-in-time
Repurchase agreement	`RepurchaseAgreementCounterpartyAmountAtRisk`	$186.94M	USD	Point-in-time
Repurchase agreement	`RepurchaseAgreementCounterpartyAmountAtRisk`	$186.94M	USD	Point-in-time
Repurchase agreement	`RepurchaseAgreementCounterpartyAmountAtRisk`	$177.34M	USD	Point-in-time
Repurchase agreement	`RepurchaseAgreementCounterpartyAmountAtRisk`	$177.34M	USD	Point-in-time
Notes payable	`NotesPayable`	$259.42M	USD	Point-in-time
Notes payable	`NotesPayable`	$259.42M	USD	Point-in-time
Notes payable	`NotesPayable`	$259.42M	USD	Point-in-time
Notes payable	`NotesPayable`	$259.42M	USD	Point-in-time
Distribution payable	`DividendsPayableCurrentAndNoncurrent`	$8.14M	USD	Point-in-time
Distribution payable	`DividendsPayableCurrentAndNoncurrent`	$8.14M	USD	Point-in-time
Distribution payable	`DividendsPayableCurrentAndNoncurrent`	$8.23M	USD	Point-in-time
Distribution payable	`DividendsPayableCurrentAndNoncurrent`	$8.23M	USD	Point-in-time
Reimbursement payable (see Note 8)	`ReimbursementPayable`	-	USD	Point-in-time
Reimbursement payable (see Note 8)	`ReimbursementPayable`	-	USD	Point-in-time
Reimbursement payable (see Note 8)	`ReimbursementPayable`	$147.00K	USD	Point-in-time
Reimbursement payable (see Note 8)	`ReimbursementPayable`	$147.00K	USD	Point-in-time
Incentive fee payable (see Note 8)	`IncentiveFeesPayable`	$2.30M	USD	Point-in-time
Incentive fee payable (see Note 8)	`IncentiveFeesPayable`	$2.30M	USD	Point-in-time
Incentive fee payable (see Note 8)	`IncentiveFeesPayable`	$1.55M	USD	Point-in-time
Incentive fee payable (see Note 8)	`IncentiveFeesPayable`	$1.55M	USD	Point-in-time
Management fee payable (see Note 8)	`ManagementFeePayable`	$2.07M	USD	Point-in-time
Management fee payable (see Note 8)	`ManagementFeePayable`	$2.07M	USD	Point-in-time
Management fee payable (see Note 8)	`ManagementFeePayable`	$1.04M	USD	Point-in-time
Management fee payable (see Note 8)	`ManagementFeePayable`	$1.04M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.57M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.57M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.79M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.79M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$517.00K	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$517.00K	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$108.00K	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$108.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$452.80M	USD	Point-in-time
Total Liabilities	`Liabilities`	$452.80M	USD	Point-in-time
Total Liabilities	`Liabilities`	$460.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$460.00M	USD	Point-in-time
Commitments and contingencies (see Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common units (30,317,777 and 30,006,873 units issued and outstanding at March 31, 2024 and December 31, 2023, respectively)	`CommonUnitIssuanceValue`	$297.60M	USD	Point-in-time
Common units (30,317,777 and 30,006,873 units issued and outstanding at March 31, 2024 and December 31, 2023, respectively)	`CommonUnitIssuanceValue`	$297.60M	USD	Point-in-time
Common units (30,317,777 and 30,006,873 units issued and outstanding at March 31, 2024 and December 31, 2023, respectively)	`CommonUnitIssuanceValue`	$294.62M	USD	Point-in-time
Common units (30,317,777 and 30,006,873 units issued and outstanding at March 31, 2024 and December 31, 2023, respectively)	`CommonUnitIssuanceValue`	$294.62M	USD	Point-in-time
Distributions in excess of earnings	`RetainedEarningsAccumulatedDeficit`	$-9.58M	USD	Point-in-time
Distributions in excess of earnings	`RetainedEarningsAccumulatedDeficit`	$-9.58M	USD	Point-in-time
Distributions in excess of earnings	`RetainedEarningsAccumulatedDeficit`	$-5.43M	USD	Point-in-time
Distributions in excess of earnings	`RetainedEarningsAccumulatedDeficit`	$-5.43M	USD	Point-in-time
Total member's capital	`MembersEquity`	$110.17M	USD	Point-in-time
Total member's capital	`MembersEquity`	$110.17M	USD	Point-in-time
Total member's capital	`MembersEquity`	$111.69M	USD	Point-in-time
Total member's capital	`MembersEquity`	$111.69M	USD	Point-in-time
Total member's capital	`MembersEquity`	$289.18M	USD	Point-in-time
Total member's capital	`MembersEquity`	$289.18M	USD	Point-in-time
Total member's capital	`MembersEquity`	$288.02M	USD	Point-in-time
Total member's capital	`MembersEquity`	$288.02M	USD	Point-in-time
Total liabilities and members' capital	`LiabilitiesAndStockholdersEquity`	$749.19M	USD	Point-in-time
Total liabilities and members' capital	`LiabilitiesAndStockholdersEquity`	$749.19M	USD	Point-in-time
Total liabilities and members' capital	`LiabilitiesAndStockholdersEquity`	$740.82M	USD	Point-in-time
Total liabilities and members' capital	`LiabilitiesAndStockholdersEquity`	$740.82M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Interest income net of amortization/accretion	`InterestAndFeeIncomeLoansAndLeases`	$16.76M	USD	1 Quarter
Interest income net of amortization/accretion	`InterestAndFeeIncomeLoansAndLeases`	$16.76M	USD	1 Quarter
Interest income net of amortization/accretion	`InterestAndFeeIncomeLoansAndLeases`	$6.65M	USD	1 Quarter
Interest income net of amortization/accretion	`InterestAndFeeIncomeLoansAndLeases`	$6.65M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.39M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.39M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$8.36M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$8.36M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$2.60M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$2.60M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$3.16M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$3.16M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$1.02M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$1.02M	USD	1 Quarter
Net interest income after provision for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$1.58M	USD	1 Quarter
Net interest income after provision for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$1.58M	USD	1 Quarter
Net interest income after provision for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$5.20M	USD	1 Quarter
Net interest income after provision for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$5.20M	USD	1 Quarter
Management fees (see Note 8)	`ManagementFees`	$398.00K	USD	1 Quarter
Management fees (see Note 8)	`ManagementFees`	$398.00K	USD	1 Quarter
Management fees (see Note 8)	`ManagementFees`	$1.03M	USD	1 Quarter
Management fees (see Note 8)	`ManagementFees`	$1.03M	USD	1 Quarter
Incentive fees (see Note 8)	`IncentiveFeeExpense`	$259.00K	USD	1 Quarter
Incentive fees (see Note 8)	`IncentiveFeeExpense`	$259.00K	USD	1 Quarter
Incentive fees (see Note 8)	`IncentiveFeeExpense`	$749.00K	USD	1 Quarter
Incentive fees (see Note 8)	`IncentiveFeeExpense`	$749.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$269.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$269.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$231.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$231.00K	USD	1 Quarter
Administration and custodian fees	`AdministrationAndCustodianFees`	$59.00K	USD	1 Quarter
Administration and custodian fees	`AdministrationAndCustodianFees`	$59.00K	USD	1 Quarter
Administration and custodian fees	`AdministrationAndCustodianFees`	$249.00K	USD	1 Quarter
Administration and custodian fees	`AdministrationAndCustodianFees`	$249.00K	USD	1 Quarter
Other expenses	`OtherGeneralExpense`	$3.00K	USD	1 Quarter
Other expenses	`OtherGeneralExpense`	$3.00K	USD	1 Quarter
Other expenses	`OtherGeneralExpense`	$3.00K	USD	1 Quarter
Other expenses	`OtherGeneralExpense`	$3.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$950.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$950.00K	USD	1 Quarter
Reimbursement - Investment Manager (see Note 8)	`ReimbursementInvestmentManager`	$-104.00K	USD	1 Quarter
Reimbursement - Investment Manager (see Note 8)	`ReimbursementInvestmentManager`	$-104.00K	USD	1 Quarter
Reimbursement - Investment Manager (see Note 8)	`ReimbursementInvestmentManager`	$38.00K	USD	1 Quarter
Reimbursement - Investment Manager (see Note 8)	`ReimbursementInvestmentManager`	$38.00K	USD	1 Quarter
Waived management fees (see Note 8)	`WaivedManagementFees`	-	USD	1 Quarter
Waived management fees (see Note 8)	`WaivedManagementFees`	-	USD	1 Quarter
Waived management fees (see Note 8)	`WaivedManagementFees`	-	USD	1 Quarter
Waived management fees (see Note 8)	`WaivedManagementFees`	-	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$609.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$609.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$1.73M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$1.73M	USD	1 Quarter
Other income	`MiscellaneousOtherOperatingIncome`	$31.00K	USD	1 Quarter
Other income	`MiscellaneousOtherOperatingIncome`	$31.00K	USD	1 Quarter
Other income	`MiscellaneousOtherOperatingIncome`	$590.00K	USD	1 Quarter
Other income	`MiscellaneousOtherOperatingIncome`	$590.00K	USD	1 Quarter
Total Other Income	`OtherOperatingIncome`	$1.09M	USD	1 Quarter
Total Other Income	`OtherOperatingIncome`	$1.09M	USD	1 Quarter
Total Other Income	`OtherOperatingIncome`	$1.80M	USD	1 Quarter
Total Other Income	`OtherOperatingIncome`	$1.80M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.43M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.43M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Net income per unit, Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Net income per unit, Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Net income per unit, Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Net income per unit, Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Net income per unit, Diluted	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Net income per unit, Diluted	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Net income per unit, Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Net income per unit, Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Weighted average units outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.21M	shares	1 Quarter
Weighted average units outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.21M	shares	1 Quarter
Weighted average units outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.54M	shares	1 Quarter
Weighted average units outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.54M	shares	1 Quarter
Weighted average units outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.54M	shares	1 Quarter
Weighted average units outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.54M	shares	1 Quarter
Weighted average units outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.21M	shares	1 Quarter
Weighted average units outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.21M	shares	1 Quarter

Cash Flow Statement 134 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Amortization of net loan fees and discount/premiums on loans receivable	`AmortizationOfNetLoanFeesAndDiscountPremiumsOnLoansReceivable`	$936.00K	USD	1 Quarter
Amortization of net loan fees and discount/premiums on loans receivable	`AmortizationOfNetLoanFeesAndDiscountPremiumsOnLoansReceivable`	$936.00K	USD	1 Quarter
Amortization of net loan fees and discount/premiums on loans receivable	`AmortizationOfNetLoanFeesAndDiscountPremiumsOnLoansReceivable`	$175.00K	USD	1 Quarter
Amortization of net loan fees and discount/premiums on loans receivable	`AmortizationOfNetLoanFeesAndDiscountPremiumsOnLoansReceivable`	$175.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$609.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$609.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$1.13M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$1.13M	USD	1 Quarter
Distributions of earnings from equity method investments	`DistributedEarnings`	$1.12M	USD	1 Quarter
Distributions of earnings from equity method investments	`DistributedEarnings`	$1.12M	USD	1 Quarter
Distributions of earnings from equity method investments	`DistributedEarnings`	$1.13M	USD	1 Quarter
Distributions of earnings from equity method investments	`DistributedEarnings`	$1.13M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$220.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$220.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$241.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$241.00K	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$3.16M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$3.16M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$1.02M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$1.02M	USD	1 Quarter
(Increase) in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$379.00K	USD	1 Quarter
(Increase) in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$379.00K	USD	1 Quarter
(Increase) in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-70.00K	USD	1 Quarter
(Increase) in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-70.00K	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.00K	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.00K	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$21.00K	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$21.00K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Decrease (increase) in reimbursement receivable	`IncreaseDecreaseInDueFromRelatedParties`	$-147.00K	USD	1 Quarter
Decrease (increase) in reimbursement receivable	`IncreaseDecreaseInDueFromRelatedParties`	$-147.00K	USD	1 Quarter
Decrease (increase) in reimbursement receivable	`IncreaseDecreaseInDueFromRelatedParties`	$38.00K	USD	1 Quarter
Decrease (increase) in reimbursement receivable	`IncreaseDecreaseInDueFromRelatedParties`	$38.00K	USD	1 Quarter
(Decrease) increase in related party payables and accrued expenses	`IncreaseDecreaseInDueToRelatedParties`	$-65.00K	USD	1 Quarter
(Decrease) increase in related party payables and accrued expenses	`IncreaseDecreaseInDueToRelatedParties`	$-65.00K	USD	1 Quarter
(Decrease) increase in related party payables and accrued expenses	`IncreaseDecreaseInDueToRelatedParties`	$8.00K	USD	1 Quarter
(Decrease) increase in related party payables and accrued expenses	`IncreaseDecreaseInDueToRelatedParties`	$8.00K	USD	1 Quarter
Increase in incentive fees payable	`IncreaseDecreaseInIncentiveFeesPayable`	$749.00K	USD	1 Quarter
Increase in incentive fees payable	`IncreaseDecreaseInIncentiveFeesPayable`	$749.00K	USD	1 Quarter
Increase in incentive fees payable	`IncreaseDecreaseInIncentiveFeesPayable`	$259.00K	USD	1 Quarter
Increase in incentive fees payable	`IncreaseDecreaseInIncentiveFeesPayable`	$259.00K	USD	1 Quarter
Increase in management fee payable	`IncreaseDecreaseInManagementFeesPayable`	$398.00K	USD	1 Quarter
Increase in management fee payable	`IncreaseDecreaseInManagementFeesPayable`	$398.00K	USD	1 Quarter
Increase in management fee payable	`IncreaseDecreaseInManagementFeesPayable`	$1.03M	USD	1 Quarter
Increase in management fee payable	`IncreaseDecreaseInManagementFeesPayable`	$1.03M	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$433.00K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$433.00K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$217.00K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$217.00K	USD	1 Quarter
Decrease (increase) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$410.00K	USD	1 Quarter
Decrease (increase) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$410.00K	USD	1 Quarter
Decrease (increase) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-199.00K	USD	1 Quarter
Decrease (increase) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-199.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.97M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.97M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.51M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.51M	USD	1 Quarter
Origination, purchase, and drawdown of mortgage loan receivables	`PaymentsToAcquireLoansHeldForInvestment`	$198.20M	USD	1 Quarter
Origination, purchase, and drawdown of mortgage loan receivables	`PaymentsToAcquireLoansHeldForInvestment`	$198.20M	USD	1 Quarter
Origination, purchase, and drawdown of mortgage loan receivables	`PaymentsToAcquireLoansHeldForInvestment`	$2.95M	USD	1 Quarter
Origination, purchase, and drawdown of mortgage loan receivables	`PaymentsToAcquireLoansHeldForInvestment`	$2.95M	USD	1 Quarter
Repayment of mortgage loan receivables	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$12.00M	USD	1 Quarter
Repayment of mortgage loan receivables	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$12.00M	USD	1 Quarter
Distributions from equity method investments in excess of earnings	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$1.84M	USD	1 Quarter
Distributions from equity method investments in excess of earnings	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$1.84M	USD	1 Quarter
Distributions from equity method investments in excess of earnings	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	1 Quarter
Distributions from equity method investments in excess of earnings	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$9.05M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$9.05M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-196.35M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-196.35M	USD	1 Quarter
Issuance of common units	`ProceedsFromIssuanceOfCommonStock`	$1.68M	USD	1 Quarter
Issuance of common units	`ProceedsFromIssuanceOfCommonStock`	$1.68M	USD	1 Quarter
Issuance of common units	`ProceedsFromIssuanceOfCommonStock`	$2.99M	USD	1 Quarter
Issuance of common units	`ProceedsFromIssuanceOfCommonStock`	$2.99M	USD	1 Quarter
Distributions paid	`PaymentsOfDistributionsToAffiliates`	$4.90M	USD	1 Quarter
Distributions paid	`PaymentsOfDistributionsToAffiliates`	$4.90M	USD	1 Quarter
Distributions paid	`PaymentsOfDistributionsToAffiliates`	$8.23M	USD	1 Quarter
Distributions paid	`PaymentsOfDistributionsToAffiliates`	$8.23M	USD	1 Quarter
Line of credit borrowings	`ProceedsFromLongTermLinesOfCredit`	$230.13M	USD	1 Quarter
Line of credit borrowings	`ProceedsFromLongTermLinesOfCredit`	$230.13M	USD	1 Quarter
Line of credit borrowings	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Line of credit borrowings	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Line of credit paydowns	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Line of credit paydowns	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Line of credit paydowns	`RepaymentsOfLongTermLinesOfCredit`	$59.80M	USD	1 Quarter
Line of credit paydowns	`RepaymentsOfLongTermLinesOfCredit`	$59.80M	USD	1 Quarter
Repurchase agreement borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$25.75M	USD	1 Quarter
Repurchase agreement borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$25.75M	USD	1 Quarter
Repurchase agreement borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	1 Quarter
Repurchase agreement borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	1 Quarter
Repurchase agreement paydowns	`RepaymentsOfOtherLongTermDebt`	-	USD	1 Quarter
Repurchase agreement paydowns	`RepaymentsOfOtherLongTermDebt`	-	USD	1 Quarter
Repurchase agreement paydowns	`RepaymentsOfOtherLongTermDebt`	$9.60M	USD	1 Quarter
Repurchase agreement paydowns	`RepaymentsOfOtherLongTermDebt`	$9.60M	USD	1 Quarter
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$36.00K	USD	1 Quarter
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$36.00K	USD	1 Quarter
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$128.00K	USD	1 Quarter
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$128.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$192.72M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$192.72M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.88M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.88M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.67M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.67M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$341.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$341.00K	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.30M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.30M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.54M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.54M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.62M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.62M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.20M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.20M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.30M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.30M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.54M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.54M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.62M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.62M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.20M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.20M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$8.36M	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$8.36M	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$3.57M	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$3.57M	USD	1 Quarter

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Members' capital, Beginning balance (Value)	`MembersEquity`	$110.17M	USD	Point-in-time
Members' capital, Beginning balance (Value)	`MembersEquity`	$110.17M	USD	Point-in-time
Members' capital, Beginning balance (Value)	`MembersEquity`	$111.69M	USD	Point-in-time
Members' capital, Beginning balance (Value)	`MembersEquity`	$111.69M	USD	Point-in-time
Members' capital, Beginning balance (Value)	`MembersEquity`	$289.18M	USD	Point-in-time
Members' capital, Beginning balance (Value)	`MembersEquity`	$289.18M	USD	Point-in-time
Members' capital, Beginning balance (Value)	`MembersEquity`	$288.02M	USD	Point-in-time
Members' capital, Beginning balance (Value)	`MembersEquity`	$288.02M	USD	Point-in-time
Members' capital, Beginning balance (Shares)	`CommonUnitOutstanding`	30.01M	shares	Point-in-time
Members' capital, Beginning balance (Shares)	`CommonUnitOutstanding`	30.01M	shares	Point-in-time
Members' capital, Beginning balance (Shares)	`CommonUnitOutstanding`	30.32M	shares	Point-in-time
Members' capital, Beginning balance (Shares)	`CommonUnitOutstanding`	30.32M	shares	Point-in-time
Issuance of common units (Value)	`StockIssuedDuringPeriodValueNewIssues`	$2.99M	USD	1 Quarter
Issuance of common units (Value)	`StockIssuedDuringPeriodValueNewIssues`	$2.99M	USD	1 Quarter
Issuance of common units (Value)	`StockIssuedDuringPeriodValueNewIssues`	$1.68M	USD	1 Quarter
Issuance of common units (Value)	`StockIssuedDuringPeriodValueNewIssues`	$1.68M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.43M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.43M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Distributions declared	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$8.14M	USD	1 Quarter
Distributions declared	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$8.14M	USD	1 Quarter
Distributions declared	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$2.59M	USD	1 Quarter
Distributions declared	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$2.59M	USD	1 Quarter
Redemption of common units (Value)	`StockRedeemedOrCalledDuringPeriodValue`	-	USD	1 Quarter
Redemption of common units (Value)	`StockRedeemedOrCalledDuringPeriodValue`	-	USD	1 Quarter
Members' capital, Ending balance (Value)	`MembersEquity`	$110.17M	USD	Point-in-time
Members' capital, Ending balance (Value)	`MembersEquity`	$110.17M	USD	Point-in-time
Members' capital, Ending balance (Value)	`MembersEquity`	$111.69M	USD	Point-in-time
Members' capital, Ending balance (Value)	`MembersEquity`	$111.69M	USD	Point-in-time
Members' capital, Ending balance (Value)	`MembersEquity`	$289.18M	USD	Point-in-time
Members' capital, Ending balance (Value)	`MembersEquity`	$289.18M	USD	Point-in-time
Members' capital, Ending balance (Value)	`MembersEquity`	$288.02M	USD	Point-in-time
Members' capital, Ending balance (Value)	`MembersEquity`	$288.02M	USD	Point-in-time
Members' capital, Ending balance (Shares)	`CommonUnitOutstanding`	30.01M	shares	Point-in-time
Members' capital, Ending balance (Shares)	`CommonUnitOutstanding`	30.01M	shares	Point-in-time
Members' capital, Ending balance (Shares)	`CommonUnitOutstanding`	30.32M	shares	Point-in-time
Members' capital, Ending balance (Shares)	`CommonUnitOutstanding`	30.32M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.