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Hubilu Venture acquires Los Angeles property for $600K, finances $550K with Orchard Funding note due Nov 2027
HBUVHubilu Venture Corp
Hubilu Venture Corporation acquired real property located at 5717 4th Ave in Los Angeles through its subsidiary, Elata Investments, LLC. The transaction closed on September 11, 2026, for a purchase price of $600,000. The vacant property is financed by a first-position note from Orchard Funding totaling $550,000 at an annual interest rate of 9.990%. Monthly interest-only payments of $4,578.75 commenced on October 1, 2026, with the entire principal balance due and payable on November 26, 2027. Hubilu Venture Corporation operates in the real estate investment sector.