{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-030532","form_type":"8-K","ticker":"CLPR","cik":"0001649096","company_name":"Clipper Realty Inc.","filed_at":"2025-10-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.041267+00:00","generated_at":"2026-05-17T04:35:34.640267+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 subsidiary refinances $80M loan with new $84.5M loan at 5.73%, due 2030","bullets":["New $84.5M loan secured by 1010 Pacific Street, Brooklyn; bears 5.73% interest, matures Oct 6, 2030.","Repaid prior $80M Valley National Bank loans ($60M at 5.55%, $20M at 6.37%) on Oct 1, 2025.","Paid ~$80.4M in principal and accrued interest; incurred ~$1.7M closing costs and ~$0.2M in escrows.","Net proceeds to company of ~$2.1M from the refinancing; no termination fees on prior loan."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-030532","json":"https://secwatch.observer/filing/0001437749-25-030532.json","markdown":"https://secwatch.observer/filing/0001437749-25-030532.md","text":"https://secwatch.observer/filing/0001437749-25-030532.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649096/000143774925030532/0001437749-25-030532-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649096/000143774925030532/clpr20251006_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:35:34.640267+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":[{"claim_id":"184d5911ccaafd8348ac63fc37911c37ec8da9db","claim":"Clipper Realty Inc. incurred credit facility of $84.5 million with Citi Real Estate Funding Inc., a New York corporation, and Morgan Stanley Bank, N.A., a national banking association at 5.73% rate per annum maturing October 6, 2030.","evidence_excerpt":"The Loan Agreement provides for the $84.5 million loan to 1010 Pacific (the “Loan”). The Loan has a maturity date of October 6, 2030 and bears interest at a 5.73% rate per annum.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649096/000143774925030532/0001437749-25-030532-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$84.5 million"},{"label":"Counterparty","value":"Citi Real Estate Funding Inc., a New York corporation, and Morgan Stanley Bank, N.A., a national banking association"},{"label":"Rate","value":"5.73% rate per annum"},{"label":"Maturity","value":"October 6, 2030"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}