{"filing":{"accession_number":"0001437749-26-022495","cik":"0001649096","ticker":"CLPR","company_name":"Clipper Realty Inc.","form":"8-K","filing_date":"2026-07-02","report_date":null,"primary_document":"clpr20260630_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1649096/000143774926022495/clpr20260630_8k.htm"},"events":[{"id":15798,"run_id":14092,"accession_number":"0001437749-26-022495","anchor_item_number":"8.01","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.75,"summary":"The disclosure reveals that Clipper Realty's subsidiary has entered into a \"Consent and Cooperation Agreement\" with its lender effective June 4, 2026, permitting the lender to foreclose on the 250 Livingston Street property (securing a $125 million loan) after a 45-day marketing period. This arrangement—where the lender gains explicit foreclosure rights and the parties jointly market the loan for sale—is a strong indicator of a covenant breach or default triggering acceleration of the lender's remedies. The materiality is evident: the property secures a substantial $125 million obligation, and the lender's newly granted foreclosure rights represent a material adverse change in the company's financial position and debt obligations.","company_name":"Clipper Realty Inc.","ticker":"CLPR","filing_date":"2026-07-02","form":"8-K","submitted_at":null,"items":[{"id":13695,"accession_number":"0001437749-26-022495","item_number":"8.01","item_title":"Other Events.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The disclosure reveals that Clipper Realty's subsidiary has entered into a \"Consent and Cooperation Agreement\" with its lender effective June 4, 2026, permitting the lender to foreclose on the 250 Livingston Street property (securing a $125 million loan) after a 45-day marketing period. This arrangement—where the lender gains explicit foreclosure rights and the parties jointly market the loan for sale—is a strong indicator of a covenant breach or default triggering acceleration of the lender's remedies. The materiality is evident: the property secures a substantial $125 million obligation, and the lender's newly granted foreclosure rights represent a material adverse change in the company's financial position and debt obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T20:02:08.890733+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":13695,"accession_number":"0001437749-26-022495","item_number":"8.01","item_title":"Other Events.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The disclosure reveals that Clipper Realty's subsidiary has entered into a \"Consent and Cooperation Agreement\" with its lender effective June 4, 2026, permitting the lender to foreclose on the 250 Livingston Street property (securing a $125 million loan) after a 45-day marketing period. This arrangement—where the lender gains explicit foreclosure rights and the parties jointly market the loan for sale—is a strong indicator of a covenant breach or default triggering acceleration of the lender's remedies. The materiality is evident: the property secures a substantial $125 million obligation, and the lender's newly granted foreclosure rights represent a material adverse change in the company's financial position and debt obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T20:02:08.890733+00:00","company_name":"Clipper Realty Inc.","ticker":"CLPR","filing_date":"2026-07-02"}]}