---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-000079"
form_type: "8-K"
ticker: "CLPR"
cik: "0001649096"
company_name: "Clipper Realty Inc."
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:49:00.153348+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Clipper Realty settles litigation, modifies $100M loan with $10M LOC and $2.2M fees

## Summary
- Agreement resolves pending foreclosure action; Lender dismisses suit with prejudice.
- Borrower provided $10M renewal tenant reserve LOC and paid ~$2.2M in fees (modification, servicing, legal).
- Lender waived claimed default interest and late charges; interest rate remains 3.21% with maturity March 2031.
- Five-year lease extension with NYC tenant approved, effective December 28, 2025.
- Loan principal remains $100M; monthly interest-only payments continue.

## SEC filing metadata
- accession: 0001437749-26-000079
- form_type: 8-K
- ticker: CLPR
- cik: 0001649096
- company_name: Clipper Realty Inc.
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649096/000143774926000079/0001437749-26-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649096/000143774926000079/clpr20260102_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-000079
- JSON: https://secwatch.observer/filing/0001437749-26-000079.json
- Plain text: https://secwatch.observer/filing/0001437749-26-000079.txt

## Key facts
- Debt Financings
  Clipper Realty Inc. amended loan with Wells Fargo Bank, National Association, as trustee.
  - Instrument: loan
  - Counterparty: Wells Fargo Bank, National Association, as trustee
  - Event: amendment
  source text: On December 24, 2025, the Borrower, the Operating Partnership, and the Company entered into the Loan Modification Agreement (the “Agreement”) with Wells Fargo Bank, National Association, as trustee for the benefit of the registered holders of certain commercial mortgage pass-through certificates related to the Loan (collectively, the “Lender”), to settle the ongoing litigation between the Lender, the Borrower, the Company and the Operating Partnership. The Agreement became effective on December 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649096/000143774926000079/0001437749-26-000079-index.htm
- Material Agreements
  Clipper Realty Inc. amended Loan Modification Agreement with Wells Fargo Bank, National Association, as trustee for the benefit of the registered holders of certain commercial mortgage pass-through certificates related to the Loan valued at approximately $2.2 million (effective 2025-12-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as trustee for the benefit of the registered holders of certain commercial mortgage pass-through certificates related to the Loan
  - Value: approximately $2.2 million
  - Effective: 2025-12-30
  source text: On December 24, 2025, the Borrower, the Operating Partnership, and the Company entered into the Loan Modification Agreement (the “Agreement”) with Wells Fargo Bank, National Association, as trustee for the benefit of the registered holders of certain commercial mortgage pass-through certificates related to the Loan (collectively, the “Lender”), to settle the ongoing litigation between the Lender, the Borrower, the Company and the Operating Partnership. The Agreement became effective on December 30, 2025. Pursuant to the Agreement, the Borrower provided a $10 million renewal tenant reserve account letter of credit and paid fees of approximately $2.2 million to the special servicer and to counsel to the Lender, the Lender waived its claimed late charges and default interest, agreed to dismiss with prejudice the pending foreclosure actions, and approved the previously submitted five-year lease extension with the Property’s New York City tenant effective December 28, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649096/000143774926000079/0001437749-26-000079-index.htm

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