Hubilu Venture Corp (HBUV): M&A transaction — Hubilu Venture acquires LA property for $650k with two mortgages

Hubilu Venture Corp

Closed on May 13, 2025, purchase of 1650 S Rimpau Blvd, Los Angeles for $650,000 via subsidiary Elata Investments.
First mortgage $520k at 7.125% interest, monthly payments $3,503.34 through June 1, 2055.
Second mortgage $250k at 8% interest-only until December 31, 2029.
Property was vacant at time of purchase.

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 Nadine Heustis N'Diaye and Ronald Jason Heustis, Successor Co-Trustees for $650,000 (closed 2025-05-13).

Action: acquisition
Counterparty: Nadine Heustis N'Diaye and Ronald Jason Heustis, Successor Co-Trustees
Consideration: $650,000
Closing: 2025-05-13

Exact text from the filing

On May 13, 2025, the Company, through its subsidiary, Elata Investments, LLC, closed on the acquisition of the real property located at 1650 S Rimpau Blvd. in Los Angeles. The property was vacant at the time of purchase. The acquisition was for $650,000.

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Hubilu Venture Corp filing history →

Source: SEC EDGAR

accession 0001641172-25-011318

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