Item 1.01 Entry into a Material Definitive Agreement.

(a) On February 2, 2022, 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 37th Place Agreement") with Omari Mack ("Property Seller") to acquire real property located at 1733 W. 37th Place in Los Angeles. The acquisition for $630,500 closed on March 25, 2022.

The foregoing description of the acquisition of the 37th Place Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the 37th Place 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 March 25, 2022, the Company, through its subsidiary, Mopane Investments, LLC, closed on the acquisition of the real property located at 1733 W. 37th Place in Los Angeles. The property was vacant at the time of purchase. The acquisition was for $630,500. The Mopane purchase is subject to two loans as follows: (1) $576,450 first position note owing by Mopane to Center Street Lending VIII SPE, LLC. ("Center Street"), whose terms of payments due were interest only, payable on unpaid principal at the rate of 7.50% per annum. Interest only payable in monthly installments of $3,546.56 or more on the 1st day of each month beginning on the 1st day of May 2022 and continuing until the 22rd day of March 2023, at which time the entire principal balance together with interest due thereon, shall become due and payable. (2) A $100,000 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 $500.00 or more on the 1st day of each month beginning on the 1st day of May 2022 and continuing until the 31st day of March 2029, at which time the entire principal balance together with interest due thereon, shall become due and payable.

The foregoing description of the acquisition of the 37th Place Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the 37th Place Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated into this Item 1.01 by reference.





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