Hubilu Venture Corp Announces Acquisition of Los Angeles Property

What Happened

• Hubilu Venture Corp, through its subsidiary Elata Investments, LLC, acquired real property located at 5717 4th Ave, Los Angeles for $600,000. The filing reports a purchase agreement with Finance of America Reverse LLC dated September 3, 2026 and a closing on September 11, 2026 (Item 1.01). Separately, Item 2.01 of the same 8-K states the acquisition closed on August 10, 2026. The property was vacant at the time of purchase.

Key Details

• Purchase price: $600,000 for 5717 4th Ave, Los Angeles.
• Seller named (Item 1.01): Finance of America Reverse LLC.
• Financing: $550,000 first‑position note from Orchard Funding at 9.990% annual interest.
• Payment terms: interest‑only monthly payments of $4,578.75 (or more) beginning October 1, 2026, with the full principal and any accrued interest due November 26, 2027.

Why It Matters

• This transaction adds a real‑estate asset to Hubilu’s balance sheet and is largely financed by a $550,000 loan, which creates a near‑term repayment obligation (balloon due Nov 26, 2027) and monthly interest cash outflows.
• The property being vacant at purchase could mean additional costs or decisions ahead (e.g., rehab, leasing, or sale), and the financing schedule may affect the company’s liquidity planning.
• Investors should note the acquisition and the specific loan terms when assessing Hubilu’s asset base, leverage and upcoming cash obligations.