Hubilu Venture Corporation (OTCPK:HBUV) entered into an agreement to acquire Kapok Investments, LLC from Jacaranda Investments, Inc. for $0.76 million on March 8, 2019. The terms of the Hubilu membership interest purchase was subject to two loans as follows. (1) A $0.493 million first position note owing by Kapok whose terms of payments due were interest only, payable on unpaid principal at the rate of 10.00% per annum. Interest only payable in monthly installments of $4,108.33 or more on the 1st day of each month beginning on the 1st day of April, 2019 and continuing until the 31th day of August, 2019, at which time the entire principal balance together with interest due thereon, shall become due and payable. (2) A $270,00 second position note owing by Kapok, whose terms of payments due were interest only, payable on unpaid principal at the rate of 6.00% per annum. Interest only payable in monthly installments of $1,350.00 or more on the 1st day of each month beginning on the 1st day of April, 2019 continuing until the 31st day of March, 2022 at which time the entire principal balance together with interest due thereon, shall become due and payable. The acquisition includes a student housing property located at 1981 Estrella Avenue, Los Angeles. The transaction is scheduled to close in Q4, 2019. Hubilu Venture Corporation (OTCPK:HBUV) completed the acquisition of Kapok Investments, LLC from Jacaranda Investments, Inc. for $0.87 million on December 31, 2019. The purchase consideration comprises two loan notes: (1) A $600,000 first position note owing by Kapok to Belladonna Lily Investments, Inc. (“Bella”) whose terms of payments due were interest only, payable on unpaid principal at the rate of 5.00% per annum. Interest only payable in monthly installments of $2,500 or more on the 1st day of each month beginning on the 1st day of January, 2020 and continuing until the 30th day of November, 2023, at which time the entire principal balance together with interest due thereon, shall become due and payable. (2) A $265,000 second position note owing by Kapok to Bella, whose terms of payments due were interest only, payable on unpaid principal at the rate of 5.00% per annum. Interest only payable in monthly installments of $1,200.00 or more on the 1st day of each month beginning on the 1st day of February 2020 and continuing until the 30th day of November, 2023 at which time the entire principal balance together with interest due thereon, shall become due and payable.