secwatch.observer — SEC 8-K summary
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Issuer:     Hubilu Venture Corp (HBUV)
CIK:        0001639068
Form:       8-K
Filed at:   2024-08-22T23:59:59+00:00
Accession:  0001493152-24-033508
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Hubilu Venture acquires Los Angeles property for $650,000 via subsidiary
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639068/000149315224033508/0001493152-24-033508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639068/000149315224033508/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-033508

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