Hubilu Venture acquires Los Angeles property for $605,000; financed with two loans

Hubilu Venture Corp

Closed on purchase of 4517 Orchard Avenue, Los Angeles on March 2, 2022 for $605,000.
First mortgage of $484,000 from Visio Financial Services at 5.225% fixed, 30-year term, monthly P&I of $2,665.18.
Second note of $158,000 from Belladonna Lily Investments at 5.225% interest-only, monthly payment of $687.95 until Feb 2029.
Property was vacant at time of purchase.

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