---
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"
generated_at: "2026-05-22T04:40:06.646278+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-015484
- JSON: https://secwatch.observer/filing/0001437749-25-015484.json
- Plain text: https://secwatch.observer/filing/0001437749-25-015484.txt

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