{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-015484","form_type":"8-K","ticker":"CLPR","cik":"0001649096","company_name":"Clipper Realty Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.191572+00:00","generated_at":"2026-05-22T04:40:06.646278+00:00","sec_items":["1.01","1.02","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Clipper Realty closes $160M refinancing for Dean Street Property; repays $126M prior loans","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-015484","json":"https://secwatch.observer/filing/0001437749-25-015484.json","markdown":"https://secwatch.observer/filing/0001437749-25-015484.md","text":"https://secwatch.observer/filing/0001437749-25-015484.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649096/000143774925015484/0001437749-25-015484-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649096/000143774925015484/clpr20250508_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T04:40:06.646278+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}