---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-035496"
form_type: "8-K"
ticker: "CLPR"
cik: "0001649096"
company_name: "Clipper Realty Inc."
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:48:51.663262+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Clipper Realty subsidiary's $100M loan accelerated; disputes default

## Summary
- Special servicer notified on Nov 11, 2024 that $100M loan for 141 Livingston property was accelerated due to alleged failure to make reserve payments starting July 2024.
- Lender demands $100M principal, ~$5M default yield maintenance premium, $10M reserve deposit, and ~$1.6M default interest and penalties.
- Company believes it made timely payments and servicer misinterpreted loan terms; no current obligation to make reserve deposits.
- Good-faith discussions underway under pre-negotiation agreement; lender may exercise remedies if unresolved.

## SEC filing metadata
- accession: 0001437749-24-035496
- form_type: 8-K
- ticker: CLPR
- cik: 0001649096
- company_name: Clipper Realty Inc.
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649096/000143774924035496/0001437749-24-035496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649096/000143774924035496/clpr20241115_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-035496
- JSON: https://secwatch.observer/filing/0001437749-24-035496.json
- Plain text: https://secwatch.observer/filing/0001437749-24-035496.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.