other material
confidence high
sentiment neutral
materiality 0.75
Hubilu Venture (HBUV) acquires three LA properties for ~$2.05M and refinances four others
Hubilu Venture Corp
- Acquired 4021 Halldale Ave, LA for $650,000 on July 22, 2021; financed with $585k first note at 8.5% and $145k second note at 3%
- Acquired 3908 Denker Ave, LA for $668,000 on June 18, 2021; financed with $655k note at 6%
- Acquired 1284 W 38th St, LA for $735,000 on Aug 10, 2021; financed with $661.5k note at 8.5% and $110k note at 5.25%
- Refinanced four LA properties with 30-yr fixed notes totaling $2.784M; rates range 4.975%–5.225%