Hubilu Venture Corporation (OTCPK:HBUV) entered into a membership interest purchase agreement to acquire Elata Investments LLC from Jacaranda Investments Inc. on March 22, 2019. The purchase includes the real property asset located at 1267 W. 38th Street, Los Angeles. Hubilu Venture Corporation (OTCPK:HBUV) completed the acquisition of Elata Investments LLC from Jacaranda Investments Inc. for $0.6 million on July 12, 2019.  The purchase consideration comprises two loan notes of $415,000 and $185,000. For the $415,000 position note, the terms of payments due were interest only, payable on unpaid principal at the rate of 5.50% per annum. Interest only payable in monthly installments of $1,902.08 or more on the 20th day of each month beginning on the 20th day of August, 2019 and continuing until the 19h day of March 2023, at which time the entire principal balance together with interest due thereon, shall become due and payable. For the second note of $185,000, the terms of payments due were interest only, payable on unpaid principal at the rate of 2.25% per annum. Interest only payable in monthly installments of $346.87 or more on the 20th day of each month beginning on the 20th day of August 2019 and continuing until the 19th day of March 2023, at which time the entire principal balance together with interest due thereon, shall become due and payable.