Hubilu Venture Corp (HBUV): M&A transaction — Hubilu Venture acquires Los Angeles property for $760,000, financed with two loans

Hubilu Venture Corp

Acquired vacant property at 1659 Roosevelt Ave, Los Angeles for $760,000 via subsidiary Mopane Investments.
Purchase funded by $570k first-position loan from LendingOne at 6.9% interest, maturing Sept 2054.
Second-position $200k loan from Belladonna at 6% interest, interest-only until Dec 2029, then balloon.
Property was vacant at time of purchase.

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 Jun Heasup Cho, Trustee for $760,000 (closed 2024-08-30).

Action: acquisition
Counterparty: Jun Heasup Cho, Trustee
Consideration: $760,000
Closing: 2024-08-30

Exact text from the filing

(“the Roosevelt Agreement”) with Jun Heasup Cho, Trustee (“Property Seller”) to acquire real property located at 1659 Roosevelt Avenue in Los Angeles. The acquisition for $760,000 closed on August 30, 2024. The foregoing description of the acquisition of the Roosevelt 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 0001493152-24-035191

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