Hubilu Venture Corp (HBUV): M&A transaction — Hubilu Venture completes $670K LA property acquisition with two loans totaling $778K

Hubilu Venture Corp

Acquired 1460 North Eastern Ave, Los Angeles for $670,000; property partially vacant at purchase.
First-position loan of $603,000 from LendingOne at 9.5% interest-only until April 2025.
Second-position loan of $175,000 from Belladonna Lily Investments at 6% interest-only until June 2029.
Amendment corrects previously reported loan balance error; specifics of correction not disclosed.

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 0001493152-24-026098

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