tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Clipper Realty Faces Loan Default, Eyes Property Sale

Story Highlights
  • Clipper Realty was declared in default on a $125 million loan secured by its 250 Livingston Street property after missed payments in 2025 and now faces potential foreclosure while negotiating a possible sale-related workout.
  • The company is also negotiating a settlement on the $100 million 141 Livingston Street mortgage that would trade a letter of credit and fees for waived penalties, ended foreclosure actions, and a five-year lease extension with its main tenant.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Clipper Realty Faces Loan Default, Eyes Property Sale

Claim 70% Off TipRanks Premium

The latest announcement is out from Clipper Realty ( (CLPR) ).

Clipper Realty’s subsidiary 250 Livingston Owner LLC, borrower under a $125 million loan secured by the 250 Livingston Street property in Brooklyn and maturing in 2029 at a 3.63% interest-only rate, was notified on December 18, 2025 that it is in default after failing to make required cash management deposits and other amounts due following the termination of a major New York City agency lease effective August 23, 2025; as of December 22, 2025, the company estimated about $3.4 million of interest and default interest outstanding, and the lender has warned it may pursue foreclosure or other remedies while the company attempts, without assurance of success, to negotiate a consent and cooperation arrangement tied to a potential property sale. Separately, Clipper Realty, through its subsidiary 141 Livingston Owner LLC, is working toward a potential settlement with the special servicer for the $100 million mortgage on 141 Livingston Street that would likely involve the company posting a $10 million letter of credit and paying up to $3 million in fees in exchange for waiver of claimed penalties and default interest, dismissal of foreclosure actions with prejudice, and approval of a five-year lease extension with the building’s main New York City tenant effective December 28, 2025, a deal that, if completed, could stabilize that asset and ease the company’s litigation and refinancing pressures.

The most recent analyst rating on (CLPR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Clipper Realty stock, see the CLPR Stock Forecast page.

Spark’s Take on CLPR Stock

According to Spark, TipRanks’ AI Analyst, CLPR is a Neutral.

Clipper Realty’s overall score reflects significant financial challenges, including negative profitability and high leverage, despite strong revenue growth and cash flow generation. The technical indicators suggest bearish momentum, while the high dividend yield provides some appeal. Recent corporate events and earnings call insights show positive developments but also underline ongoing risks.

To see Spark’s full report on CLPR stock, click here.

More about Clipper Realty

Clipper Realty Inc. is a real estate company that owns and operates multifamily and commercial properties, including office and mixed-use assets, with a focus on Brooklyn, New York. Its portfolio includes properties at 250 Livingston Street and 141 Livingston Street, where it leases commercial space, including to agencies of the City of New York.

Average Trading Volume: 62,105

Technical Sentiment Signal: Sell

Current Market Cap: $54.74M

Find detailed analytics on CLPR stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1