Clipper Realty Inc. 8-K

What Happened Clipper Realty Inc. announced that its subsidiary, 250 Livingston Owner LLC, and the Company's operating subsidiary are parties to a Consent and Cooperation Agreement with the lender regarding the $125.0 million loan secured by 250 Livingston Street in Brooklyn. The original Loan Agreement dates to May 31, 2019 (with Citi Real Estate Funding Inc. as initial counterparty); as previously disclosed, Wells Fargo Bank, N.A., as trustee for the GS Mortgage Securities Trust 2019‑GC40, is now the lender. The Agreement is effective June 4, 2026 and starts a marketing process to sell the loan.

Key Details

• Loan principal: $125.0 million; evidenced by promissory notes secured by the 250 Livingston Street property.
• Note terms: matures June 6, 2029; interest rate 3.63%; interest-only payments for the life of the loan.
• Marketing period: commenced June 4, 2026 and runs 45 days (may be extended at the lender’s sole discretion).
• Remedies: at the end of the marketing period the lender may foreclose (including accepting the deed in lieu); the borrower may submit an offer to purchase the loan.

Why It Matters This filing notifies investors that Clipper’s Brooklyn property loan is being actively marketed for sale and that the lender retains the right to foreclose if the loan is not sold within the marketing window. The outcome — a sale, borrower purchase, or lender foreclosure — could affect Clipper’s asset ownership, liabilities, and future cash flows tied to the 250 Livingston property. The 3.63% interest-only note and near-term maturity (2029) are important specifics for assessing financing risk and potential changes to the company’s operating position.