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Hubilu Venture Corporation (OTC:HBUV) has finalized the acquisition of a property located at 1434 W. 22nd Street in Los Angeles. The transaction, which closed on Monday, was executed for a total of $640,000. This acquisition was facilitated through Hubilu’s subsidiary, Elata Investments, LLC, as outlined in a recent SEC filing.
The purchase agreement, initially entered on May 5, 2025, with Journey Investments, Inc., was non-binding. The property was vacant at the time of acquisition.
Financing for the acquisition involves two loans. The first is a $520,000 note with Vontive, Inc., carrying an interest rate of 7.5% per annum. Payments for this loan will be made in monthly installments of $3,579.98, commencing on July 1, 2025, and continuing until June 1, 2055. The second loan is a $190,000 note with Jacaranda3 Investments, Inc., with an interest-only payment structure at a rate of 8% per annum. Monthly interest payments of $1,266.66 will begin on July 1, 2025, and continue until December 31, 2029.
This information is based on a statement from an SEC filing, providing details on Hubilu Venture Corporation’s recent business activities.
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