secwatch.observer — SEC 8-K summary
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Issuer:     Hubilu Venture Corp (HBUV)
CIK:        0001639068
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001493152-24-035191
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Hubilu Venture acquires Los Angeles property for $760,000, financed with two loans
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639068/000149315224035191/0001493152-24-035191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639068/000149315224035191/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-035191

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer