Hubilu Venture Corporation has announced the completion of a real estate acquisition in Los Angeles through its subsidiary, Elata Investments, LLC. The company entered into a purchase agreement on September 3, 2026, with Finance of America Reverse LLC to acquire a property located at 5717 4th Ave.
The transaction closed on September 11, 2026, with the purchase price set at $600,000. The property was vacant at the time of the acquisition.
Hubilu Venture Corporation disclosed that the purchase is financed by a specific loan obligation. The company has taken out a first position note from Orchard Funding in the amount of $550,000. This promissory note carries an interest rate of 9.990% per annum on the unpaid principal balance.
Interest payments are set to begin on October 1, 2026, and will be made in monthly installments of $4,578.75. The loan terms stipulate that the entire principal balance, along with accrued interest, becomes due and payable on November 26, 2027.
