Hubilu Venture Corp (HBUV): M&A transaction — Hubilu Venture acquires Los Angeles property for $650,000 via subsidiary

Hubilu Venture Corp

Closed on Aug 20, 2024 for 802 E. 25th St, LA; property was vacant at purchase.
First-position loan of $520,000 from LendingOne at 6.71% interest, monthly payments of $3,359, maturity July 2054.
Second-position loan of $150,000 from Belladonna Lily Investments at 6% interest-only through Dec 2029, then balloon.
Acquisition was through subsidiary Mopane Investments, LLC; initial non-binding agreement dated July 25, 2024.

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 Hector and Octavio Edeza for $650,000 (closed 2024-08-20).

Action: acquisition
Counterparty: Hector and Octavio Edeza
Consideration: $650,000
Closing: 2024-08-20

Exact text from the filing

(“the E. 25th” Agreement”) with Hector and Octavio Edeza (“Property Sellers”) to acquire real property located at 802 E. 25 th Street in Los Angeles. The acquisition for $650,000 closed on August 20, 2024. The foregoing description of the acquisition of the E. 25th 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 0001493152-24-033508

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