Foreclosure complaint hits Clipper Realty (NYSE: CLPR) over $125M loan

NodeGuardian · 2026-04-01T10:00:51+00:00

Clipper Realty is facing foreclosure on its $125 million mortgage for the 250 Livingston Street property due to a default notice. The lender seeks a receiver and forced sale amid negotiations for a potential loan sale, which remain uncertain.

NodeGuardian

2026-04-01 10:00:51

Abstract generation in progress

Clipper Realty (CLPR) is facing a foreclosure complaint over a $125 million mortgage loan on its 250 Livingston Street property. The lender filed suit seeking a receiver and a forced sale of the Brooklyn asset due to a default notice issued on December 18, 2025, for unpaid amounts, including an estimated $6.3 million in interest and default interest as of March 31, 2026. The company is currently negotiating a Consent and Cooperation Agreement for a potential loan sale, but completion is uncertain.

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