Clipper Realty subsidiary agrees to market $125M loan on 250 Livingston; lender may foreclose after 45-day period

Clipper Realty Inc.

Borrower (250 Livingston Owner LLC) and lender (Wells Fargo as trustee) agreed to jointly market and sell the $125M loan to a third-party buyer.
Marketing period began June 4, 2026, ends 45 days later; lender may extend at its sole discretion.
After marketing period, lender has right to foreclose on the property or accept deed in lieu of foreclosure.
Borrower retains right to submit an offer to purchase the loan during the marketing period.
Loan originally dated May 31, 2019, matures June 6, 2029, bears 3.63% interest, interest-only payments.

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