Hubilu Venture Corp (HBUV): M&A transaction — Hubilu Venture acquires LA property for $710k, financed with two loans

Hubilu Venture Corp

Acquired 1457 W. 35th Street, Los Angeles for $710,000 through subsidiary Mopane Investments.
Property was vacant at the time of purchase.
First-position loan of $624,750 from Churchill Funding at 10% interest-only, due July 2025.
Second-position loan of $130,000 from Belladonna Lily at 6% interest-only, due June 2029.

item 1.01 item 2.01

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 Andrea Abler for $710,000 (closed 2024-06-27).

Action: acquisition
Counterparty: Andrea Abler
Consideration: $710,000
Closing: 2024-06-27

Exact text from the filing

agreement (“the 35 th Street Agreement”) with Andrea Abler (“Property Seller”) to acquire real property located at 1457 W. 35 th Street in Los Angeles. The acquisition for $710,000 closed on June 27, 2024. The foregoing description of the acquisition of the 35 th Street Agreement and the transaction contemplated thereby contained herein is qualified in

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Hubilu Venture Corp filing history →

Source: SEC EDGAR

accession 0001493152-24-025899

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