Form 8-K Hubilu Venture Corp For: Jul 01

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July 2, 2024 6:11 AM EDT

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 1, 2024

HUBILU VENTURE CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

000-55611		47-3342387
(Commission File Number)		(I.R.S. Employer Identification No.)

205 S. Beverly Drive, Suite 205
Beverly Hills, California		90212
(Address of Principal Executive Offices)		(Zip Code)

310-308-7887

(Registrant’s Telephone Number, including Area Code)

N/A

(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common	HBUV	OTC Pink Sheet
Preferred	N/A	N/A

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” “may increase,” “forecast” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts. Forward-looking statements are based on management’s current expectations or beliefs about the Company’s future, expectations and objectives. These forward-looking statements are not historical facts and are subject to risks and uncertainties that could cause the actual results to differ materially from those projected in these forward-looking statements including, the general economic climate; the supply of and demand for real properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or the costs may be greater than anticipated and other risk factors that may be described from time to time in the Company’s filings with the Securities and Exchange Commission. Readers of this release are cautioned not to place undue reliance on forward-looking statements contained herein, which speak only as of the date stated, or if no date is stated, as of the date of this Current Report. The Company undertakes no obligation to publicly update or revise the forward-looking statements contained herein to reflect changed events or circumstances after the date of this release, unless required by law.

Item 1.01 Entry into a Material Definitive Agreement.

(a) On May 27, 2024, Hubilu Venture Corporation (“the Company”), through its subsidiary, Mopane Investments, LLC, a Wyoming Limited Liability Company (“Mopane”) entered into a non-binding purchase agreement (“the 35^th Street Agreement”) with Andrea Abler (“Property Seller”) to acquire real property located at 1457 W. 35^th Street in Los Angeles. The acquisition for $710,000 closed on June 27, 2024.

The foregoing description of the acquisition of the 35^th Street Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the 35^th Street Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated into this Item 1.01 by reference.

Item 2.01 Completion of Acquisition of Assets.

(a) On June 27, 2024, the Company, through its subsidiary, Mopane Investments, LLC, closed on the acquisition of the real property located at 1457 W. 35^th Street in Los Angeles. The property was vacant at the time of purchase. The acquisition was for $710,000. The Mopane purchase is subject to two loans as follows: (1) $624,750 first position note owing by Mopane to Churchill Funding I, LLC (“Churchill”), whose terms of payments due were interest only, payable on unpaid principal at the rate of 10% per annum. Interest only payable in monthly installments of $4,997.92 or more on the 1st day of each month beginning on the 1st day of August 2024 and continuing until the 1st day of July 2025, at which time the entire principal balance together with interest due thereon, shall become due and payable. (2) A $130,000 second position note owing by Mopane to Belladonna Lily Investments, Inc. (“Belladonna”), whose terms of payments due were interest only, payable on unpaid principal at the rate of 6% per annum. Interest only payable in monthly installments of $650.00 or more on the 1st day of each month beginning on the 1st day of July 2024 and continuing until the 30th day of June 2029, at which time the entire principal balance together with interest due thereon, shall become due and payable.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 2, 2024	HUBILU VENTURE CORPORATION

	By:	/s/ David Behrend
	Name:	David Behrend
	Title:	Chief Executive Officer

EXHIBIT INDEX

Exhibit Number		Description

10.1		Purchase Contract dated May 27, 2024 among Mopane Investments, LLC and Andrea Abler.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)