Hubilu Venture Corp (HBUV): M&A transaction — Hubilu Venture closes $670k acquisition of LA property via subsidiary Mopane

Hubilu Venture Corp

Acquired 1460 N Eastern Ave, Los Angeles for $670k; closed June 27, 2024.
First-position loan of $670k from LendingOne at 9.5% interest-only through April 2025.
Second-position loan of $175k from Belladonna at 6% interest-only through June 2029.
Property was partially vacant at purchase; subsidiary Mopane Investments is the buyer.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Hubilu Venture Corp completed an acquisition involving David A., Victor A., Edmund A., and Paul A. Garcia for $670,000 (closed 2024-06-27).

Action: acquisition
Counterparty: David A., Victor A., Edmund A., and Paul A. Garcia
Consideration: $670,000
Closing: 2024-06-27

Exact text from the filing

David A., Victor A., Edmund A., and Paul A. Garcia (“Property Sellers”) to acquire real property located at 1460 North Eastern Avenue in Los Angeles. The acquisition for $670,000 closed on June 27, 2024. The foregoing description of the acquisition of the Eastern Agreement and the transaction contemplated thereby contained herein is qualified in its

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Hubilu Venture Corp filing history →

Source: SEC EDGAR

accession 0001493152-24-025896

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