other_material
confidence high
sentiment neutral
materiality 0.60
Hubilu Venture acquires L.A. property for $640K; closes June 2, 2025
Hubilu Venture Corp
- Acquired vacant property at 1434 W. 22nd Street, Los Angeles for $640,000 through subsidiary Elata Investments.
- First position note of $520,000 from Vontive at 7.5% interest, amortized monthly to June 2055.
- Second position note of $190,000 from Jacaranda3 Investments at 8% interest-only through Dec 31, 2029.
- Property was vacant at time of purchase; loans secured by the property.
item 1.01item 2.01