Clipper Realty entered into a $125.0 million loan secured by 250 Livingston Street with a 3.63% interest rate and interest-only payments; lender to market or foreclose under agreement.
Key Highlights:
- Borrower’s $125.0M loan for 250 Livingston Street is evidenced by notes maturing June 6, 2029 with 3.63% interest and interest-only payments.
- Clipper Realty and its operating subsidiary serve as guarantors of certain loan obligations, maintaining credit exposure.
- Consent and Cooperation Agreement launched a 45-day marketing period (from June 4, 2026) to jointly market and sell the loan to a third party.
- If not sold, lender may foreclose or take the deed in lieu of foreclosure; borrower may submit an offer to purchase the loan.
Original SEC Filing:
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