Lender sues Clipper Realty subsidiary over $125M loan default; $6.3M interest owed

Clipper Realty Inc.

Lender filed complaint March 25, 2026, seeking foreclosure and receiver for 250 Livingston St. property.
Borrower subsidiary defaulted on $125M loan (3.63% rate, interest-only through June 2029) since December 2025.
Company estimates $6.3M in accrued interest and default interest as of March 31, 2026, excluding fees.
Negotiating Consent and Cooperation Agreement for loan sale, but no assurance of consummation.
Company and operating partnership serve as guarantors on the loan obligations.

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