secwatch.observer — SEC 8-K summary
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Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0001437749-25-030532
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774925030532/0001437749-25-030532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774925030532/clpr20251006_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-030532

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