Clipper Realty closes $160M refinancing for Dean Street Property; repays $126M prior loans

Clipper Realty Inc.

Entered $115M senior and $45M mezzanine loans with MF1 Capital; additional $18.2M available under mezzanine.
Loans mature May 2027, with three one-year extensions; interest rate 2.65% plus 1M SOFR (floor 2.25%).
Repaid ~$126M in principal and accrued interest under prior $115M senior and $8M mezzanine construction loans.
Deposited $4.3M shortfall reserve and $1.6M completion reserve; purchased interest rate cap at 6% SOFR.
Incurred ~$3.1M in closing costs for new loans; no fees from termination of prior agreements.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.