Hubilu Venture buys LA property for $520,000
Hubilu Venture Corporation, through its subsidiary Elata Investments, LLC, completed the purchase of a vacant property at 1460 Exposition Blvd. in Los Angeles for $520,000.
Rhea-AI Filing Summary
Hubilu Venture Corporation, through its subsidiary Elata Investments, LLC, completed the purchase of a vacant property at 1460 Exposition Blvd. in Los Angeles for $520,000. The deal was documented under a non-binding purchase agreement with the sellers, The Morales Family Trust, and the transaction closed on September 24, 2025.
The acquisition is financed primarily with a $478,000 first-position loan from Center Street Lending VIII SPE, LLC at an annual interest rate of 9.990%. Elata is required to make interest-only monthly payments of $3,896.10 or more beginning on November 1, 2025, with the full principal and remaining interest due on September 17, 2026.
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Insights
Hubilu adds a financed Los Angeles property with a short-term, interest-only loan.
The company, via Elata Investments, acquired a vacant property at 1460 Exposition Blvd. in Los Angeles for $520,000. Most of the purchase price is funded by a $478,000 first-position note from Center Street Lending VIII SPE, LLC at an annual interest rate of 9.990%. This structure indicates meaningful leverage on the asset.
The loan requires interest-only monthly payments of $3,896.10 or more starting on November 1, 2025, with the entire principal and any remaining interest due on September 17, 2026. Because the property is vacant at acquisition, future lease-up or disposition steps will be important to support debt service and eventual repayment.
The arrangement introduces a near-term refinancing or payoff decision by September 2026, tied to how the company utilizes or stabilizes the property. Subsequent disclosures may provide details on occupancy, rental income, or changes to financing that would clarify the asset’s contribution to cash flow.
8-K Event Classification
FAQ
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What property did Hubilu Venture Corporation (HBUV) acquire in this 8-K?
How much did HBUV pay for the 1460 Exposition Blvd. property?
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What are the payment terms on HBUV’s loan for the Exposition Blvd. property?
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AI-generated analysis. How Rhea-AI works. Not financial advice.