---
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"
generated_at: "2026-05-17T04:35:34.640267+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Clipper Realty subsidiary refinances $80M loan with new $84.5M loan at 5.73%, due 2030

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1649096/000143774925030532/0001437749-25-030532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649096/000143774925030532/clpr20251006_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-030532
- JSON: https://secwatch.observer/filing/0001437749-25-030532.json
- Plain text: https://secwatch.observer/filing/0001437749-25-030532.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $84.5 million
  - Counterparty: Citi Real Estate Funding Inc., a New York corporation, and Morgan Stanley Bank, N.A., a national banking association
  - Rate: 5.73% rate per annum
  - Maturity: October 6, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1649096/000143774925030532/0001437749-25-030532-index.htm

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