Hubilu Venture acquires LA property for $630,500, financed with two interest-only loans

Hubilu Venture Corp

Purchased 1733 W. 37th Place, Los Angeles, a vacant property, through subsidiary Mopane Investments, LLC.
Closed March 25, 2022; total acquisition cost $630,500.
First note: $576,450 from Center Street Lending at 7.5% interest-only, maturing March 2023.
Second note: $100,000 from Belladonna Lily Investments at 6% interest-only, maturing March 2029.
Monthly interest payments on first note: $3,546.56; second note: $500.00, beginning May 2022.

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