Clipper Realty Inc. has announced the entry into a Loan Modification Agreement involving its subsidiary, 141 Livingston Owner LLC, and Wells Fargo Bank, National Association, as trustee for certain commercial mortgage pass-through certificate holders. The agreement, effective December 30, 2025, settles ongoing litigation related to a $100 million loan secured by the company's 141 Livingston Street property. Under the terms, Clipper Realty provided a $10 million renewal tenant reserve account letter of credit and paid approximately $2.2 million in fees. In return, the lender waived claimed late charges and default interest, agreed to dismiss pending foreclosure actions, and approved a five-year lease extension with the property's New York City tenant.

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