# EDGAR Filing Document

**Accession Number:** 0001639068
**File Stem:** 0001493152-26-025208
**Filing Date:** 2026-5
**Character Count:** 79195
**Document Hash:** 6a99eb65afa1c8a4ef98f4ce12bcb352
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-025208.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001493152-26-025208

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 81

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hubilu Venture Corp
- **CENTRAL INDEX KEY:** 0001639068
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 473342387
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55611
- **FILM NUMBER:** 261018206

**BUSINESS ADDRESS:**
- **STREET 1:** 9777 WILSHIRE BLVD
- **STREET 2:** SUITE 804
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90212
- **BUSINESS PHONE:** (310) 308-7887

**MAIL ADDRESS:**
- **STREET 1:** 9777 WILSHIRE BLVD
- **STREET 2:** SUITE 804
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90212

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q**

☒ **QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the quarterly period ended: March 31, 2026**

OR

☐ **TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from __________ to __________**

**Commission File No. 000-55611**

**Hubilu Venture Corporation**

(Exact Name of Registrant as Specified in its Charter)

<u>Delaware</u> <u>47-3342387</u> <br> (State or other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.)

<u>205 South Beverly Drive, Suite 205 Beverly Hills, CA</u> <u>90212</u> <br> (Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (310) 308-7887

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§230.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading Symbol(s) | &nbsp;&nbsp;Name of each exchange on which registered |
| &nbsp;&nbsp;N/A | &nbsp;&nbsp;HBUV | &nbsp;&nbsp;OTC Pink |

---

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: As of May 15, 2026 the number of shares outstanding of the issuer's sole class of common stock, $0.001 par value per share, is 26,237,125.

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| **[PART I – FINANCIAL INFORMATION](#Y-001)** | 3 |
| **[Item 1. Financial Statements](#Y-002)** | 3 |
| &nbsp;&nbsp;&nbsp;**[Condensed Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025](#Y-003)** | 3 |
| &nbsp;&nbsp;&nbsp;**[Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (Unaudited)](#Y-004)** | 4 |
| &nbsp;&nbsp;&nbsp;**[Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) for the Three Months Ended March 31, 2026 and 2025 (Unaudited)](#Y-005)** | 5 |
| &nbsp;&nbsp;&nbsp;**[Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (Unaudited)](#Y-006)** | 6 |
| &nbsp;&nbsp;&nbsp;**[Notes to the Condensed Consolidated Financial Statements (Unaudited)](#Y-007)** | 7 |
| **[Item 2. Management's Discussion and Analysis of Financial Conditions and Results of Operations](#Y-008)** | 17 |
| **[Item 3. Quantitative and Qualitative Disclosures about Market Risk](#m_001)** | 19 |
| **[Item 4. Controls and Procedures](#m_002)** | 19 |
| **[PART II — OTHER INFORMATION](#m_003)** | 20 |
| **[Item 1. Legal Proceedings](#m_004)** | 20 |
| **[Item 1A. Risk Factors](#m_005)** | 20 |
| **[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#m_006)** | 20 |
| **[Item 3. Defaults Upon Senior Securities](#m_007)** | 20 |
| **[Item 4. Mine Safety Disclosures](#m_008)** | 20 |
| **[Item 5. Other Information](#m_009)** | 20 |
| **[Item 6. Exhibits](#m_010)** | 20 |
| **[SIGNATURES](#m_011)** | 21 |

---

**Part I – FINANCIAL INFORMATION**

**Item 1. Financial Statements**

**HUBILU VENTURE CORPORATION**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
|  | March 31,<br>2026 | December 31,<br>2025 |
|  | (Unaudited) | |
| ASSETS |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash | 151782 | 52071 |
| &nbsp;&nbsp;&nbsp;Accounts receivable | 68462 | 64178 |
| &nbsp;&nbsp;&nbsp;Prepaid Expenses | - | 8330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 220244 | 124579 |
| Real estate: |  |  |
| &nbsp;&nbsp;&nbsp;Land | 15889273 | 15889273 |
| &nbsp;&nbsp;&nbsp;Building and capital improvements | 8754088 | 8738731 |
| &nbsp;&nbsp;&nbsp;Less: accumulated depreciation | (1298305) | (1224813) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total real estate, net | 23345056 | 23403191 |
| Security deposits | 6600 | 6600 |
| Total assets | 23571900 | 23534370 |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | 8513 | 34655 |
| &nbsp;&nbsp;&nbsp;Advanced rents received | 19019 | 40189 |
| &nbsp;&nbsp;&nbsp;Accrued interest | 300901 | 257229 |
| &nbsp;&nbsp;&nbsp;Security deposits payable | 186328 | 197568 |
| &nbsp;&nbsp;&nbsp;Due to related party, current maturities | 474271 | 474271 |
| &nbsp;&nbsp;&nbsp;Mortgages payable, net of debt discounts, current maturities | 419061 | 1326091 |
| &nbsp;&nbsp;&nbsp;Dividends payable | 237865 | 231449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 1645958 | 2561452 |
| Mortgages payable, related party | 997094 | 1017094 |
| Mortgages payable, net of debt discounts | 22343373 | 21213070 |
| Convertible preferred stock payable | 520400 | 520400 |
| Total liabilities | 25506825 | 25312016 |
| Stockholders' equity (deficit): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.001 par value, 100,000,000 shares authorized, 26,237,125 shares issued and outstanding | 26237 | 26237 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 1069597 | 1054699 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (3030759) | (2858582) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity (deficit) | (1934925) | (1777646) |
| Total liabilities and stockholders' equity (deficit) | 23571900 | 23534370 |

---

See accompanying notes to financial statements.

**HUBILU VENTURE CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | For the Three Months Ended | For the Three Months Ended |
|  | March 31, | March 31, |
|  | 2026 | 2025 |
| Rental revenue | 593738 | 383512 |
| Operating expenses: |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | 50526 | 59273 |
| &nbsp;&nbsp;&nbsp;Salaries and benefits | 16500 | 15600 |
| &nbsp;&nbsp;&nbsp;Utilities | 15218 | 9276 |
| &nbsp;&nbsp;&nbsp;Professional fees | 25783 | 35224 |
| &nbsp;&nbsp;&nbsp;Property taxes | 73888 | 46600 |
| &nbsp;&nbsp;&nbsp;Repairs and maintenance | 88087 | 107992 |
| &nbsp;&nbsp;&nbsp;Depreciation | 73492 | 61745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 343494 | 335710 |
| Net operating income | 250244 | 47802 |
| Other income (expense): |  |  |
| &nbsp;&nbsp;&nbsp;Consulting Income |  |  |
| &nbsp;&nbsp;&nbsp;Interest income |  | 107 |
| &nbsp;&nbsp;&nbsp;Interest expense | (396003) | (353842) |
| &nbsp;&nbsp;&nbsp;Dividends expense | (6416) | (6398) |
| &nbsp;&nbsp;&nbsp;Gain/(Loss) on early extinguishment of debt | (20002) | (10229) |
| &nbsp;&nbsp;&nbsp;Other Income | - |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense) | (422421) | (370362) |
| Net Income/(loss) | (172177) | (322560) |
| Weighted average common shares outstanding - basic and diluted | 26237125 | 26237125 |
| &nbsp;&nbsp;&nbsp;Net loss per common share - basic and diluted | (0.01) | (0.01) |

---

See accompanying notes to financial statements.

**HUBILU VENTURE CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)**

(Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** |
|  |  |  |  |  | Total |
|  |  |  | Additional |  | Stockholders' |
|  | Common Stock | Common Stock | Paid-In | Accumulated | Equity |
|  | Shares | Amount | Capital | Deficit | (Deficit) |
| Balance, December 31, 2025 | $26237125 | $26237 | $1054699 | $(2858582) | $&nbsp;&nbsp;&nbsp;&nbsp;(1777646) |
| &nbsp;&nbsp;&nbsp;Imputed interest |  |  | 14898 |  | 14898 |
| &nbsp;&nbsp;&nbsp;Net Income/(loss) | - | - |  | (172177) | (172177) |
| Balance, March 31, 2026 | 26237125 | $26237 | $1069597 | $(3030759) | $(1934925) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** |
|  |  |  |  |  | Total |
|  |  |  | Additional |  | Stockholders' |
|  | Common Stock | Common Stock | Paid-In | Accumulated | Equity |
|  | Shares | Amount | Capital | Deficit | (Deficit) |
| Balance, December 31, 2024 | 26237125 | $26237 | $994279 | $(2307140) | $&nbsp;&nbsp;&nbsp;&nbsp;(1286624) |
| &nbsp;&nbsp;&nbsp;Imputed interest |  |  | 21973 |  | 21973 |
| &nbsp;&nbsp;&nbsp;Net Income/(loss) | - | - |  | (322560) | (322560) |
| Balance, March 31, 2025 | 26237125 | $26237 | $1016252 | $(2629700) | $(1587211) |

---

See accompanying notes to financial statements.

**HUBILU VENTURE CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | For the Three Months Ended | For the Three Months Ended |
|  | March 31 | March 31 |
|  | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES |  |  |
| Net loss | (172177) | (322560) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 73492 | 61745 |
| &nbsp;&nbsp;&nbsp;Imputed interest | 14898 | 21973 |
| &nbsp;&nbsp;&nbsp;Cumulative preferred stock dividends payable | 6416 | 6398 |
| &nbsp;&nbsp;&nbsp;Impairment of Investment in Securities |  |  |
| &nbsp;&nbsp;&nbsp;Amortization of debt discounts | 8136 | 11804 |
| &nbsp;&nbsp;&nbsp;Loss on early extinguishment of debt | 20002 | 10229 |
| &nbsp;&nbsp;&nbsp;Decrease (increase) in current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | (4284) | (29083) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 8330 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security deposits |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (26142) | 35490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced rents received | (21170) | 12323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 43672 | 7142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security deposits payable | (11240) | 55693 |
| Net cash provided by operating activities | (60067) | (128846) |
| CASH FLOWS FROM INVESTING ACTIVITIES |  |  |
| &nbsp;&nbsp;&nbsp;Purchase of property and equipment | (15357) | (65538) |
| &nbsp;&nbsp;&nbsp;Purchase of investment at Cost |  |  |
| Net cash used in investing activities | (15357) | (65538) |
| CASH FLOWS FROM FINANCING ACTIVITIES |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds received from mortgages payable | 263089 | 294416 |
| &nbsp;&nbsp;&nbsp;Repayments on mortgages payable | (87954) | (56169) |
| Net cash provided by (used in) financing activities | 175135 | 238247 |
| NET CHANGE IN CASH | 99711 | 43863 |
| &nbsp;&nbsp;&nbsp;CASH AT BEGINNING OF PERIOD | 52071 | 9799 |
| &nbsp;&nbsp;&nbsp;CASH AT END OF PERIOD | 151782 | 53662 |
| SUPPLEMENTAL INFORMATION: |  |  |
| &nbsp;&nbsp;&nbsp;Interest paid | 321727 | 312923 |
| &nbsp;&nbsp;&nbsp;Income taxes paid |  |  |
| Non-cash investing and financing transactions: |  |  |
| &nbsp;&nbsp;&nbsp;Acquistion of properties financed with debt |  |  |

---

See accompanying notes to financial statements.

**HUBILU VENTURE CORPORATION Notes to Condensed Consolidated Financial Statements**

**(Unaudited)**

**Note 1 – Nature of Business and Significant Accounting Policies**

Nature of Business

Hubilu Venture Corporation ("the Company," "we," "our" or "us") was incorporated under the laws of the state of Delaware on March 2, 2015 and is a publicly traded real estate consulting, asset management and business acquisition company, which specializes in acquiring student housing income properties and development/business opportunities located near within the Los Angeles area. The Company currently owns thirty properties within the Los Angeles area under a total of nine subsidiaries in the form of Limited Liability Companies.

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) and the rules of the Securities and Exchange Commission (SEC). Intercompany accounts and transactions have been eliminated.

The unaudited condensed consolidated financial statements of the Company and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with GAAP and do not contain certain information included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the following entities, all of which were under common control and ownership at March 31, 2026:

Schedule of Common Control and Ownership

---

| | | |
|:---|:---|:---|
|  | State of |  |
| Name of Entity | Incorporation | Relationship |
| Hubilu Venture Corporation<sup>(1)</sup> | Delaware | Parent |
| Akebia Investments, LLC<sup>(2)</sup> | Wyoming | Subsidiary |
| Boabab Investments, LLC<sup>(2)</sup> | Wyoming | Subsidiary |
| Elata Investments, LLC<sup>(2)</sup> | Wyoming | Subsidiary |
| Kapok Investments, LLC<sup>(2)</sup> | Wyoming | Subsidiary |
| Lantana Investments, LLC<sup>(2)</sup> | Wyoming | Subsidiary |
| Mopane Investments, LLC<sup>(2)</sup> | Wyoming | Subsidiary |
| Sunza Investments, LLC<sup>(2)</sup> | Wyoming | Subsidiary |
| Trilosa Investments, LLC<sup>(2)</sup> | Wyoming | Subsidiary |
| Zinnia Investments, LLC<sup>(2)</sup> | Wyoming | Subsidiary |

---

<sup>(1)</sup> Holding company in the form of a corporation

<sup>(2)</sup> Wholly-owned subsidiary in the form of a limited liability corporation

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

Segment Reporting

Under ASC 280, *Segment Reporting*, operating segments are defined as components of an enterprise where discrete financial information is available that is evaluated regularly by the chief operating decision maker ("CODM"), in deciding how to allocate resources and in assessing performance. The Company operates as a single segment, consisting of its property leasing operations in the Los Angeles area. Therefore, the Company's Chief Executive Officer, who is also the CODM, makes decisions and manages the Company's operations based on the consolidated operating segment.

**HUBILU VENTURE CORPORATION Notes to Condensed Consolidated Financial Statements**

**(Unaudited)**

Fair Value of Financial Instruments

The Company discloses the fair value of certain assets and liabilities in accordance with ASC 820 – Fair Value Measurement and Disclosures (ASC 820). Under ASC 820-10-05, the FASB establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company's financial statements as reflected herein. The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments.

Revenue Recognition

The Company recognizes revenue in accordance with ASC 606, *Revenue from Contracts with Customer*. Under ASC 606, the Company recognizes revenue from leases with its various tenants under operating leases in accordance with a five-step model in which the Company evaluates the performance obligations in an amount that reflects the consideration which the Company expects to be entitled to receive in exchange for those services. To determine revenue recognition for arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation.

The Company's sales are predominantly generated from leasing its properties to various tenants under operating leases. These sales contain a single performance obligation, and revenue is recognized on a straight-line basis using the effective interest method, based on the Company's borrowing rate, over the life of the leases. The Company records adjustments to revenue for incidentals and move out, or janitorial reimbursements in the same period that the related revenue is recorded.

**HUBILU VENTURE CORPORATION**

 **Notes to Condensed Consolidated Financial Statements**

**(Unaudited)**

Basic and Diluted Loss Per Share

The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. As of March 31, 2026 there were 30,636,970 potentially dilutive shares outstanding. For the three months ended March 31, 2026 and 2025, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.

Recent Accounting Pronouncements

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company's financial statements upon adoption.

**Note 2 – Going Concern**

As shown in the accompanying condensed consolidated financial statements, as of March 31, 2026, the Company has incurred recurring losses from operations resulting in an accumulated deficit of $3,030,759 with negative working capital of $1,425,714 and cash on hand of $151,782, which may not be sufficient to sustain operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management is actively working to increase occupancy rates to increase revenues. In addition, the Company is currently seeking additional sources of capital to fund short term operations. Management believes these factors will contribute to achieving profitability. There can be no assurance that we will be successful in achieving these objectives.

The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. These condensed consolidated financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities, that might be necessary should the Company be unable to continue as a going concern.

**Note 3 – Fair Value of Financial Instruments**

Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value.

The Company has cash and debts that must be measured under the fair value standard. The Company's financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows:

Level 1 – Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2 – Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 – Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.

**HUBILU VENTURE CORPORATION Notes to Condensed Consolidated Financial Statements**

**(Unaudited)**

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balances sheet as of March 31, 2026 and December 31, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Fair Value Measurements at March 31, 2026 | Fair Value Measurements at March 31, 2026 | Fair Value Measurements at March 31, 2026 |
|  | Level 1 | Level 2 | Level 3 |
| **Assets** |  |  |  |
| Cash | $151782 | $- | $- |
| &nbsp;&nbsp;&nbsp;Total assets | 151782 | - | - |
| **Liabilities** |  |  |  |
| Due to related party |  | 474271 |  |
| Mortgages payable, related party |  | 997094 |  |
| Mortgages payable, net of $364,951 of debt discounts |  | 22762434 |  |
| Dividends payable |  | 237865 |  |
| Convertible preferred stock payable | - | - | 520400 |
| &nbsp;&nbsp;&nbsp;Total liabilities | - | 24471664 | 520400 |
|  | $151782 | $(24471664) | $(520400) |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Fair Value Measurements at December 31, 2025 | Fair Value Measurements at December 31, 2025 | Fair Value Measurements at December 31, 2025 |
|  | Level 1 | Level 2 | Level 3 |
| **Assets** |  |  |  |
| Cash | $52071 | $- | $- |
| &nbsp;&nbsp;&nbsp;Total assets | 52071 | - | - |
| **Liabilities** |  |  |  |
| Due to related party |  | 474271 |  |
| Mortgages payable, related party |  | 1017094 |  |
| Mortgages payable, net of $354,996 of debt discounts |  | 22539161 |  |
| Dividends payable |  | 231449 |  |
| Convertible preferred stock payable |  | - | 520400 |
| &nbsp;&nbsp;&nbsp;Total liabilities |  | 24261975 | 520400 |
|  | $— | $(24261975) | $(520400) |

---

There were no transfers of financial assets or liabilities between Level 1 and Level 2 inputs for the three months ended March 31, 2026 or the year ended December 31, 2025.

**Note 4 - Real Estate**

Acquisitions and Dispositions

The Company didn't acquire, or dispose of any properties during the three months ended March 31, 2026.

Schedule of Real Estate

The Company's real estate investments consisted of the following at March 31, 2026 and December 31, 2025:

---

| | | |
|:---|:---|:---|
|  | March 31, 2026 | December 31, 2025 |
| Land | $15889273 | $15889273 |
| Buildings and capital improvements | 8754088 | 8738731 |
|  | 24643361 | 24628004 |
| Less: Accumulated depreciation | (1298305) | (1224813) |
| &nbsp;&nbsp;&nbsp;Total Real estate, net | $23345056 | $23403191 |

---

Depreciation and amortization expense totaled $73,492 and $61,745, for the three months ended March 31, 2026 and 2025, respectively.

**HUBILU VENTURE CORPORATION Notes to Condensed Consolidated Financial Statements**

**(Unaudited)**

Summary of Changes in Real Estate Investments

The change in the real estate investments is as follows for the three months ended March 31, 2026 and the year ended December 31, 2025:

---

| | | |
|:---|:---|:---|
|  | Three months ended<br>March 31, 2026 | Year ended<br>December 31, 2025 |
| Balance, prior period | $24628004 | $21873855 |
| &nbsp;&nbsp;&nbsp;Acquisitions: | - | 2335000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate investment property, at cost | 24628004 | 24208855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital improvements | 15357 | 419149 |
| Balance, end of period | $24643361 | $24628004 |

---

**Note 5 – Security Deposits**

Security deposits consisted of the $6,600 deposit on the Company's office lease as of March 31, 2026 and December 31, 2025.

**Note 6 – Due to Related Party**

As of March 31, 2026 and December 31, 2025, Jacaranda Investments, Inc., had provided total advances of $474,271. These advances are unsecured and do not carry a contractual interest rate or repayment terms. In connection with these advances, the Company has recorded imputed interest charges of $14,898 and $21,973 for the three months ended March 31, 2026 and 2025, respectively, which was credited to additional paid-in capital.

**Note 7 – Mortgages Payable, Related Party**

The Company's mortgages payable to related parties are as follows:

Schedule of Mortgages Payable

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Principal balance | Principal balance | | |
|  | March 31,<br>2026 | December 31,<br>2025 |<br>Stated<br>Interest Rate | <br>Maturity<br>Date |
| 2909 South Catalina Street | $599594 | $599594 | 6% | April 20, 2029 |
| 1434 W. 22nd Street | $147500 | 167500 | 8% | December 31, 2029 |
| 1650 S. Rimpau Ave | $250000 | 250000 | 8% | December 31, 2029 |
|  | 997094 | $1017094 |  |  |

---

On April 10, 2017, Esteban Coaloa loaned the Company $655,000 via an All Inclusive Trust Deed ("AITD") as part of the purchase of 2909 S. Catalina Street, Los Angeles, CA. This loan is considered a related party loan due to Esteban Coaloa's preferred stock holding. If converted to common stock at the current share price, the conversion would result in Mr. Coaloa owning > 5% of the Company's outstanding common stock. This is an interest only note with principal due on April 20, 2029.

On March 7, 2025, Jacaranda3 Investments, Inc., loaned the Company $250,000 via a Promissory Note, as part of the purchase of 1650 S. Rimpau Blvd, Los Angeles, CA. This loan is considered a related party loan due to Jacaranda3 Investments, Inc. being owned by David Behrend, our President. This is an interest only note with principal due on December 31, 2029.

On June 1, 2025, Jacaranda3 Investments, Inc., loaned the Company $183,200 via a Promissory Note, as part of the purchase of 1434 W. 22nd Street, Los Angeles, CA. This loan is considered a related party loan due to Jacaranda3 Investments, Inc. being owned by David Behrend, our President. This is an interest only note with principal due on December 31, 2029.

The Company recognized $16,132and $8,335 of interest expense on notes payable to related parties for the three months ended March 31, 2026 and 2025, respectively.

**HUBILU VENTURE CORPORATION Notes to Condensed Consolidated Financial Statements**

**(Unaudited)**

**Note 8 - Mortgages Payable**

Mortgages payable consists of the following at March 31, 2026 and December 31, 2025, respectively:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Principal Balance | Principal Balance | | |
|  | March 31, December 31, | March 31, December 31, | Stated<br>Interest Rate | <br>Maturity Date |
|  | 2026 | 2025 | |  |
| 3711 South Western Avenue | 643585 | 643585 | 5.000% | December 1, 2029 |
| 2115 Portland Street | 977323 | 979915 | 7.250% | July 1, 2054 |
| 4505 Orchard Avenue | 611260 | 614287 | 4.625% | March 1, 2052 |
| 3791 S. Normandie Avenue |  |  |  |  |
| -First Note | 584237 | 586849 | 5.225% | April, 1 2052 |
| -Second Note | 150000 | 150000 | 5.000% | March 1, 2029 |
| 2029 W. 41<sup>st</sup> Place | 820000 | 820000 | 6.000% | December 31, 2029 |
| 1267 West 38<sup>th</sup> Street | 571668 | 574491 | 4.975% | June 1, 2051 |
| 1618 West 38<sup>th</sup> Street | 635764 | 637598 | 6.350% | August 1, 2055 |
| 4016 Dalton Avenue | 575360 | 578201 | 4.975% | June 1, 2051 |
| 1981 Estrella Ave | 846251 | 850656 | 5.225% | June 1, 2051 |
| 3912 S. Hill Street | 839000 | 633307 | 6.000% | April 1, 2056 |
| 1557 West 29<sup>th</sup> Street | 566711 | 569893 | 4.975% | June 1, 2051 |
| 1650 S Rimpau Blvd | 516167 | 517468 | 7.125% | June 1, 2055 |
| 1434 W 22nd Street | 508493 | 509684 | 7.5%\| | June 1, 2055 |
| 417 W 52<sup>nd</sup> Street | 537475 | 472500 | 6.115% | February 1, 2056 |
| 1460 Exposition Blvd | 495512 | 468000 | 6.065% | February 1, 2056 |
| 3408 S. Budlong Street |  |  |  |  |
| -First Note | 571487 | 574640 | 4.875% | December 1, 2051 |
| -Second Note | 120000 | 120000 | 5.000% | November 1, 2029 |
| 3777 Ruthelen Street | 670812 | 674135 | 4.625% | March 1, 2052 |
| 1733 W. 37<sup>th</sup> Place |  |  |  |  |
| -First Note | 583530 | 585117 | 7.225% | April 1, 2052 |
| -Second Note | 100000 | 100000 | 6.000% | March 31, 2029 |
| 1457 W. 35<sup>th</sup> Street |  |  |  |  |
| -First Note | 712756 | 714615 | 7.050% | March 1, 2055 |
| -Second Note | 115000 | 115000 | 6.000% | June 30, 2029 |
| 1460 N. Eastern Avenue |  |  |  |  |
| -First Note | 655873 | 657446 | 7.450% | April, 1, 2055 |
| -Second Note | 305000 | 305000 | 6.000% | June 30, 2029 |
| 4700 S. Budlong Avenue |  |  |  |  |
| -First Note | 718895 | 720781 | 7.125% | December 1, 2054 |
| -Second Note | 199500 | 199500 | 6.000% | March 31, 2029 |

---

**HUBILU VENTURE CORPORATION Notes to Condensed Consolidated Financial Statements**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Principal Balance | Principal Balance | | |
|  | March 31, December 31, | March 31, December 31, | Stated<br>Interest Rate | <br>Maturity Date |
|  | 2026 | 2025 | |  |
| 1659 Roosevelt Avenue |  |  |  |  |
| -First Note | 569800 | 570000 | 6.900% | September 1, 2054 |
| -Second Note | 200000 | 200000 | 6.000% | December 31, 2029 |
| 802 E. 25<sup>th</sup> Street |  |  |  |  |
| -First Note | 511380 | 512961 | 6.710% | September 1, 2054 |
| -Second Note | 150000 | 150000 | 6.000% | December 31, 2029 |
| 1100 W. 48<sup>th</sup> Street |  |  |  |  |
| -First Note | 479672 | 481353 | 6.300% | November 1, 2054 |
| -Second Note | 200000 | 200000 | 6.000% | December 31, 2029 |
| 3910 Walton Avenue | 723804 | 725922 | 6.650% | September 1, 2054 |
| 3910 Wisconsin Street | 652725 | 655736 | 5.225% | March 1, 2052 |
| 4021 Halldale Avenue | 733765 | 736295 | 6.575% | October 1, 2052 |
| 717 West 42<sup>nd</sup> Place |  |  |  |  |
| -First Note | 559392 | 560959 | 6.850% | November 1, 2048 |
| -Second Note | 134968 | 134968 | 6.850% | April 30, 2029 |
| 3906 Denker Avenue | 620555 | 622290 | 6.475% | September 1, 2055 |
| 4009 Brighton Avenue | 679686 | 682996 | 4.875% | November 1, 2051 |
| 4517 Orchard Avenue |  |  |  |  |
| -First Note | 454077 | 456124 | 5.225% | April 1, 2052 |
| -Second Note | 158000 | 158000 | 5.000% | March 1, 2029 |
| 3908 Denker Avenue | 595906 | 598749 | 4.975% | December 1, 2051 |
| 1284 W. 38<sup>th</sup> Street |  |  |  |  |
| -First Note | 608996 | 612136 | 4.625% | March 1, 2052 |
| -Second Note | 188000 | 188000 | 5.250% | June 30, 2029 |
| Hubilu general loan | 275000 | 275000 | 6.000% | December 1, 2029 |
| **Total mortgages payable** | **23127385** | **22894157** |  |  |
| Less: unamortized debt discounts | 364951 | 354996 |  |  |
| Mortgages payable, net of discounts | 22762434 | 22539161 |  |  |
| **Less: current maturities** | **419061** | **1326091** |  |  |
| **Mortgages payable, long-term portion** | **22343373** | **21213070** |  |  |

---

**HUBILU VENTURE CORPORATION Notes to Condensed Consolidated Financial Statements**

**(Unaudited)**

In addition to the mortgages incurred on current period property acquisitions disclosed in Note 4, the Company refinanced the following debts:

On January 29, 2026, the first note for 1460 Exposition Blvd. was refinanced for $496,000 with Investor Mortgage Finance, LLC, whose terms of payments due are principal and interest, on unpaid principal at the rate of 6.065% per annum. Principal and interest payable in monthly installments of $2,994.53 or more starting on March 1, 2026, and continuing until the 1<sup>st</sup> day of February 1, 2056, at which time the entire principal balance together with interest due thereon, shall become due and payable.

On February 2, 2026, the first note for 417 W 52<sup>nd</sup> Street was refinanced for $538,000 with Investor Mortgage Finance, LLC, whose terms of payments due are principal and interest, on unpaid principal at the rate of 6.115% per annum. Principal and interest payable in monthly installments of $3,285.47 or more starting on March 1, 2026, and continuing until the 1<sup>st</sup> day of February 1, 2056, at which time the entire principal balance together with interest due thereon, shall become due and payable.

On March 11, 2026, the first and second notes for 3912 S. Hill Street was refinanced for $839,000 with Investor Mortgage Finance, LLC, whose terms of payments due are principal and interest, on unpaid principal at the rate of 6% per annum. Principal and interest payable in monthly installments of $5,030.23 or more starting on May 1, 2026, and continuing until the 1<sup>st</sup> day of April 1, 2056, at which time the entire principal balance together with interest due thereon, shall become due and payable.

The Company recognized $356,837 and $311,730 of interest expense on notes payable for the three months ended March 31, 2026 and 2025, respectively.

**Note 9 – Convertible Preferred Stock Payable**

The Company has authorized 10,000,000 shares of preferred stock, and designated 100,000 and 2,000,000 shares of 5% voting, cumulative convertible Series A ("Series A") and Series 1 ("Series 1") preferred stock (collectively, "Preferred Stock"), respectively.

The Series A matures on September 30, 2030, and Series 1 matures on September 30, 2029.

The Preferred Stock has the following rights and privileges:

*Voting* – The holders of the Preferred Stock shall be entitled to the number of votes equal to the number of shares of common stock into which such shares of Preferred Stock could be converted.

*Conversion* – Each share of Series A preferred stock, is convertible at the option of the holder, into shares of common stock, equal to three hundred thirty-three and 33/100 (333 1/3) shares of common stock, calculated by dividing the number of Series A preferred shares by $0.003. The Series A preferred stock is also subject to certain adjustments for dilution, if any, resulting from future stock issuances, including for any subsequent issuance of common stock at a price per share less than that paid by the holders of the preferred stock.

Each share of Series 1 preferred stock, is convertible at the option of the holder, into shares of common stock, at the lesser of $0.50 per share or a ten percent (10%) discount to the average closing bid price of the common stock 5 days prior to the notice of conversion. The Series 1 preferred stock is also subject to certain adjustments for dilution, if any, resulting from future stock issuances, including for any subsequent issuance of common stock at a price per share less than that paid by the holders of the preferred stock.

*Dividends* – The holders of the Preferred Stock in preference to the holders of common stock, are entitled to receive dividends at the rate of 5% per annum, in kind, which shall accrue quarterly. Such dividends are cumulative. No such dividends have been declared to date.

*Liquidation* – In the event of any liquidation, dissolution, winding-up or sale or merger of the Company, whether voluntarily or involuntarily, each holder of Preferred Stock is entitled to receive, in preference to the holders of common stock, a per-share amount equal to the original issue price of $1.00 (as adjusted, as defined), plus all declared but unpaid dividends.

No shares of Series A preferred stock have been issued to date. Outstanding Series 1 preferred stock is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Shares** | **Amount** | **Dividend <br> in Arrears** | **Total** |
| Balance, December 31, 2025 | 520400 | $520400 | $231449 | $751849 |
| &nbsp;&nbsp;&nbsp;Dividends accrued | - | - | 6416 | 6416 |
| Balance, March 31, 2026 | 520400 | $520400 | $237865 | $758265 |

---

**Note 10 – Commitments and Contingencies**

Legal Matters

From time to time, the Company may be a party to various legal matters, threatened claims, or proceedings in the normal course of business. Legal fees and other costs associated with such actions are expensed as incurred. The Company assesses, in conjunction with its legal counsel, the need to record a liability for litigation and contingencies. Legal accruals are recorded when and if it is determined that a loss related to a certain matter is both probable and reasonably estimable.

**HUBILU VENTURE CORPORATION Notes to Condensed Consolidated Financial Statements**

**(Unaudited)**

**Note 11 – Changes in Stockholders' Equity (Deficit)**

Common Stock

The Company has authorized 100,000,000 shares of $0.001 par value common stock. As of March 31, 2026, a total of 26,237,125 shares of common stock had been issued. Each holder of common stock is entitled to one vote for each share of common stock held.

No shares of common stock were issued during the three months ended, March 31, 2026.

**Note 12 – Income Taxes**

The Company accounts for income taxes under FASB ASC 740-10, which requires use of the liability method. FASB ASC 740-10-25 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences.

For the three months ended March 31, 2026, and the year ended December 31, 2025, the Company incurred a net operating loss and, accordingly, no provision for income taxes has been recorded. In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets. At March 31, 2026, the Company had approximately $3,335,000 of federal net operating losses. The net operating loss carry forwards, if not utilized, will begin to expire in 2042.

Based on the available objective evidence, including the Company's history of its loss, management believes it is more likely than not that the net deferred tax assets will not be fully realizable. Accordingly, the Company provided for a full valuation allowance against its net deferred tax assets at March 31, 2026 and December 31, 2025, respectively.

In accordance with FASB ASC 740, the Company has evaluated its tax positions and determined there are no uncertain tax positions.

**Note 13 – Segment Reporting**

ASC Topic 280, "Segment Reporting," establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company's chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company's Chief Executive Officer has been identified as the chief operating decision maker ("CODM"), who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, we determined we operate in a single reporting segment – being a provider of rental properties in a single geographic area.

As of March 31, 2026, the Company's total real estate, net of accumulated depreciation, was $23,345,056. All of the Company's properties are located in Los Angeles, CA. When evaluating the Company's performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

---

| | | |
|:---|:---|:---|
|  | For the<br>Three Months Ended<br>March 31,<br>2026 | For the<br>Three Months Ended<br>March 31,<br>2025 |
| Rental revenue | $593738 | $383512 |
| Depreciation | $73492 | $61745 |
| Other operating expenses | $270002 | $273965 |
| Net operating income | $250244 | $47802 |
| Interest expense | $396003 | $353842 |
| Other expenses | 26418 | 16520 |
|  | $(172177) | $(322560) |

---

The key measures of segment profit or loss reviewed by our CODM are rental revenues, depreciation on properties, and interest expenses. The CODM reviews rental revenue to measure and monitor stockholder value and determine the most effective strategy of real estate investment. Depreciation and interest expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to fund operations. The CODM also reviews other general and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

**Note 14 - Subsequent Events**

On April 1, 2026, Hubilu vacated there office located in Beverly Hills, CA. Their new mailing address is 333 Washington Blvd. #704, Marina Del Rey, CA 90292.

**Item 2. Management's Discussion and Analysis of Financial Conditions and Results of Operations**

*You should read the following discussion of our financial condition and results of operations in conjunction with the condensed consolidated financial statements and the notes thereto included elsewhere in this Quarterly Report on Form 10-Q and with our audited financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025. In addition to historical condensed financial information, the following discussion contains forward-looking statements that reflect our plans, estimates, and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements.*

**Overview**

We were incorporated under the laws of the state of Delaware on March 5, 2015, and are a real estate consulting, asset management and business acquisition company, which specializes in acquiring student housing income properties and development/business opportunities located near within the Los Angeles area.

Due to high demand for houses from students, non- profit, and for-profit corporate tenants around the USC Campus and neighboring Metro/subway stations, we have focused on acquiring multiple houses, remodeling and renting out. Rents have increased dramatically for houses in our target areas, allowing us to target larger and higher priced houses, while factoring in current interest rates.

With multiple properties within a small radius, we're able to take advantage of economies of scale and benefit from property management efficiencies. Our focus is to continue acquiring houses and expand rental operations.

We purchased two new properties during the third quarter of 2025, and entered into agreements to acquire two additional properties during the fourth quarter of 2024, bringing our total properties under management to thirty-five. All properties have been purchased in conjunction with various debt financing arrangements.

**Going Concern Uncertainty**

As of March 31, 2026, our balance of cash on hand was $151,782, and we had negative working capital of $1,425,714 and an accumulated deficit of $3,030,759. We expect to incur further losses in the development of its business; therefore, we may not have sufficient funds to sustain our operations for the next twelve months and we may need to raise additional cash to fund our operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. In the event revenues do not materialize at the expected rates, management would seek additional financing and would attempt to conserve cash by further reducing expenses. There can be no assurance that we will be successful in achieving these objectives.

The condensed consolidated financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company's ability to continue as a going concern. The condensed consolidated financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. Our ability to acquire new properties and increase revenues is largely dependent on our success in raising additional capital.

**Results of Operations for the Three Months Ended March 31, 2026 and 2025**

The following table summarizes selected items from the statement of operations for the three months ended March 31, 2026 and 2025, respectively.

---

| | | | |
|:---|:---|:---|:---|
|  | For the Three Months Ended | For the Three Months Ended | |
|  | March 31, | March 31, | |
|  | 2026 | 2025 |<br>Increase/<br>(Decrease) |
| Rental revenue | 593738 | 383512 | 210226 |
| Operating expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | 50526 | 59273 | (8747) |
| &nbsp;&nbsp;&nbsp;Salaries and benefits | 16500 | 15600 | 900 |
| &nbsp;&nbsp;&nbsp;Utilities | 15218 | 9276 | 5942 |
| &nbsp;&nbsp;&nbsp;Professional fees | 25783 | 35224 | (9441) |
| &nbsp;&nbsp;&nbsp;Property taxes | 73888 | 46600 | 27288 |
| &nbsp;&nbsp;&nbsp;Repairs and maintenance | 88087 | 107992 | (19905) |
| &nbsp;&nbsp;&nbsp;Depreciation | 73492 | 61745 | 11747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 343494 | 335710 | 7784 |
| Net operating income | 250244 | 47802 | 202442 |
| Other income (expense): |  |  |  |
| &nbsp;&nbsp;&nbsp;Consulting Income |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income |  | 107 | (107) |
| &nbsp;&nbsp;&nbsp;Interest expense | (396003) | (353842) | (42161) |
| &nbsp;&nbsp;&nbsp;Dividends expense | (6416) | (6398) | (18) |
| &nbsp;&nbsp;&nbsp;Gain/(Loss) on early extinguishment of debt | (20002) | (10229) | (9773) |
| &nbsp;&nbsp;&nbsp;Other Income | - |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense) | (422421) | (370362) | (52059) |
| Net Income/(loss) | (172177) | (322560) | 150383 |

---

**Revenues**

Our revenues increased to $593,738 for the three months ended March 31, 2026, compared to $383,512 for the three months ended March 31, 2025, an increase of $210,226, or 55%.. The increase is due to having less vacancies this quarter.

**General and Administrative**

General and administrative expenses for the three months ended March 31, 2026 was $50,526, compared to $59,273 for the three months ended March 31, 2025, a decrease of $8,747, or 15%. General and administrative expenses decreased primarily due to less administration needs.

**Salaries and Benefits**

Salaries and benefits expenses for the three months ended March 31, 2026 was $16,500, compared to $15,600 for the three months ended March 31, 2025, an increase of $900, or 6%. Salaries and benefits increased due to Tracy Black Van Wier's salary increase.

**Utilities**

Utilities expense for the three months ended March 31, 2026 was $15,218, compared to $9,276 for the three months ended March 31, 2025, an increase of $5,942, or 64%.. Utilities expense increased due to less tenants paying the Company for their own utilities.

**Professional Fees**

Professional fees expense for the three months ended March 31, 2026 was $25,783, compared to $35,224 for the three months ended March 31, 2025, a decrease of $9,441, or 27%. Professional fees consisted of legal, audit and accounting fees, which decreased primarily due to less accounting fees.

**Property Taxes**

Property tax expense for the three months ended March 31, 2026 was $73,888, compared to $46,600 for the three months ended March 31, 2025, an increase of $27,288, or 59%.

**Repairs and Maintenance**

Repairs and maintenance expense for the three months ended March 31, 2026 was $88,087, compared to $107,992 for the three months ended March 31, 2025, a decrease of $19,905, or 18%. Repairs and maintenance expense decreased due to less renovations during the current period.

**Depreciation**

Depreciation expense for the three months ended March 31, 2026 was $73,492, compared to $61,745 for the three months ended March 31, 2025, an increase of $11,747, or 19%. Depreciation expense increased during the current period due to properties that were purchased in the prior year.

**Other Income (Expense)**

Other expense for the three months ended March 31, 2026 was $422,421, compared to $370,362 for the three months ended March 31, 2025, an increase of $52,059, or 14%. During the three months ended March 31, 2026, other expense consisted of $6,416 of dividends expense, $396,003 of interest expense, and a $20,002 loss on early extinguishment of debt related to the refinancing of two of our mortgages. Other expense consisted of $6,398 of dividends expense, $353,842 of interest expense, and a $10,229 loss on early extinguishment of debt related to the refinancing of one of our mortgages during the three months ended March 31, 2025. Other expense increased primarily due to increased interest rates and our loss on early extinguishment of debt incurred during the current period.

**Net Loss**

Net loss for the three months ended March 31, 2026 was $172,177, compared to $322,560 for the three months ended March 31, 2025, a decrease of $150,383, or 47%. The decreased net loss was primarily due to increased rental revenues during the current period.

**Liquidity and Capital Resources**

The following table summarizes our total current assets, liabilities and working capital as of March 31, 2026 and December 31, 2025.

---

| | | |
|:---|:---|:---|
|  | March 31, 2026 | December 31, 2024 |
| Current Assets | $220244 | $124579 |
| Current Liabilities | $1645958 | $2561452 |
| Working Capital Deficit | $(1425714) | $(2436873) |

---

As shown in the accompanying condensed consolidated financial statements, as of March 31, 2026, the Company has incurred recurring losses from operations resulting in an accumulated deficit of $3,030,759, with negative working capital of $1,425,714 and cash on hand of $151,782, which may not be sufficient to sustain operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management is actively working to increase occupancy rates to increase revenues. In addition, the Company is currently seeking additional sources of capital to fund short term operations. Management believes these factors will contribute to achieving profitability. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. These condensed consolidated financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities, that might be necessary should the Company be unable to continue as a going concern.

**Cash Flow**

**Comparison of the Three Months Ended March 31, 2026 and the Three Months Ended March 31, 2025**

The following table sets forth the primary sources and uses of cash for the periods presented below:

---

| | | |
|:---|:---|:---|
|  | Three Months Ended March 31, | Three Months Ended March 31, |
|  | 2026 | 2025 |
| Net cash provided by (used in) operating activities | $(60067) | $(128846) |
| Net cash used in investing activities | (15357) | (65538) |
| Net cash provided by (used in) financing activities | 175135 | 238247 |
| Net change in cash | $99711 | $43863 |

---

**Net Cash Provided by (Used in) Operating Activities**

Net cash used in operating activities was $60,067 for the three months ended March 31, 2026, compared to $128,846 of net cash used in operating activities for the three months ended March 31, 2025, a decrease of $68,779, or 53%. The decrease was primarily due to an increased net loss.

**Net Cash Used in Investing Activities**

Net cash used in investing activities was $15,357 for the three months ended March 31, 2026, compared to $65,538 for the three months ended March 31, 2025, a decrease of $50,181, or 77%. This decrease was primarily attributable to reduced capital improvement costs incurred during the current period, compared to the prior period.

**Net Cash Provided by (Used in) Financing Activities**

Net cash provided by financing activities was $175,135 for the three months ended March 31, 2026, compared to net cash used in financing activities of $238,247 for the three months ended March 31, 2025, a decrease of $63,112, or 26%. Our decreased cash provided in financing activities was primarily due to decreased proceeds received on debt financing received during the current period.

**CRITICAL ACCOUNTING POLICIES AND ESTIMATES**

Our financial results are affected by the selection and application of accounting policies and methods. In the three-month period ended March 31, 2026 there were no changes to the application of critical accounting policies disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025.

**CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS**

This report includes "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 (the "Exchange Act"). All statements in this report, other than statements of historical fact, are "forward-looking statements" for purposes of these provisions, including any projections of earnings, revenues or other financial items, any statements of the plans and objectives of our management for future operations, any statements concerning proposed new products or services, any statements regarding the integration, development or commercialization of the business or any assets acquired from other parties, any statements regarding future economic conditions or performance, and any statements of assumptions underlying any of the foregoing. In some cases, forward-looking statements can be identified by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "intends," "seeks," "believes," "estimates," "potential," "forecasts," "continue," or other forms of these words or similar words or expressions, or the negative thereof or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements contained herein are reasonable, there can be no assurance that such expectations or any of the forward-looking statements will prove to be correct, and actual results will likely differ, and could differ materially, from those projected or assumed in the forward-looking statements. Investors are cautioned not to unduly rely on any such forward-looking statements.

All subsequent forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. Our actual results will likely differ, and may differ materially, from anticipated results. Financial estimates are subject to change and are not intended to be relied upon as predictions of future operating results. All forward-looking statements included in this report are made as of the date hereof and are based on information available to us as of such date. We assume no obligation to update any forward-looking statement. If we do update or correct one or more forward-looking statements, investors and others should not conclude that we will make additional updates or corrections.

**Item 3. Quantitative and Qualitative Disclosures about Market Risk**

The Company is not required to provide the information required by this Item as it is a "smaller reporting company," as defined in Rule 12b-2 of the Exchange Act.

**Item 4. Controls and Procedures**

**Evaluation of Disclosure Controls and Procedures**

We conducted an evaluation, under the supervision and with the participation of the Chief Executive Officer and Chief Financial Officer, who are one in the same, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(f) under the Securities Exchange Act of 1934 as amended (the "Exchange Act")). Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of such date, our disclosure controls and procedures were not effective.

In performing the above-referenced assessment, our management identified the following material weaknesses:

● The Company does not have adequate segregation of duties in the handling of their financial reporting. This is caused by a very limited number of personnel.

● The Company's system of internal controls failed to identify multiple journal entries that were identified by the Company's external auditor.

● The Company has no formal control process related to the identification and approval of related party transactions.

● The Company's accounting staff does not have sufficient technical accounting knowledge relating to accounting for income taxes and complex US GAAP matters.

We believe the weaknesses and their related risks are not uncommon in a company of our size because of the limitations in the size and number of staff. Due to our size and nature, segregation of all conflicting duties has not always been possible and may not be economically feasible. However, we plan to take steps to enhance and improve the design of our internal control over financial reporting. During the period covered by this quarterly report on Form 10-Q, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we plan to implement the appointment of additional qualified personnel to address inadequate segregation of duties and implement modifications to our financial controls to address such inadequacies, by the end of our 2026 fiscal year as resources allow.

Because of its inherent limitations, internal controls over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.

**Changes in Internal Control Over Financial Reporting**

During the three-month period ended March 31, 2026, there has been no change in internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

**PART II — OTHER INFORMATION**

**Item 1. Legal Proceedings**

We may become, from time to time, involved in routine litigation or subject to disputes or claims related to our business activities. We are not currently party to any pending legal proceedings that we believe would, individually or in the aggregate, have a material adverse effect on our financial condition, cash flows or results of operations.

**Item 1A. Risk Factors**

The Company is not required to provide the information required by this Item as it is a "smaller reporting company," as defined in Rule 12b-2 of the Exchange Act.

**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds**

None.

**Item 3. Defaults Upon Senior Securities**

None.

**Item 4. Mine Safety Disclosures**

None.

**Item 5. Other Information**

None.

**Item 6. Exhibits**

---

| | |
|:---|:---|
| Exhibit | Description of Document |
| 3.1 | [Certificate of Incorporation (incorporated by reference to Exhibit 3.1 of Form S-1 filed with the Securities and Exchange Commission by Hubilu Venture Corporation on May 21, 2015)](https://www.sec.gov/Archives/edgar/data/1639068/000149315215002190/ex3-1.htm) |
| 3.2 | [Certificate of Correction of Certificate of Incorporation (incorporated by reference to Exhibit 3.1a of Form S-1 filed with the Securities and Exchange Commission by Hubilu Venture Corporation on May 21, 2015)](https://www.sec.gov/Archives/edgar/data/1639068/000149315215002190/ex3-1a.htm) |
| 3.3 | [Bylaws (incorporated by reference to Exhibit 3.2 of Form S-1 filed with the Securities and Exchange Commission by Hubilu Venture Corporation on May 21, 2015)](https://www.sec.gov/Archives/edgar/data/1639068/000149315215002190/ex3-2.htm) |
| 3.4 | [Form of Stock Certificate (incorporated by reference to Exhibit 3.3 of Form 8-A12G filed with the Securities and Exchange Commission by Hubilu Venture Corporation on April 21, 2016)](https://www.sec.gov/Archives/edgar/data/1639068/000149315216009084/ex3-3.htm) |
| 4.1 | [Certificate of Designations of 5% Voting, Cumulative Convertible Series A Preferred Stock (incorporated by reference to Exhibit 4.1 of Form 10-Q filed with the Securities and Exchange Commission by Hubilu Venture Corporation on November 21, 2016)](https://www.sec.gov/Archives/edgar/data/1639068/000149315216015367/ex4-1.htm) |
| 4.2 | [Certificate of Designations of 5% Voting, Cumulative Convertible Series 1 Preferred Stock (incorporated by reference to Exhibit 4.2 of Form 10-Q filed with the Securities and Exchange Commission by Hubilu Venture Corporation on November 21, 2016)](https://www.sec.gov/Archives/edgar/data/1639068/000149315216015367/ex4-2.htm) |
| 4.3 | [Description of the Registrant's Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (incorporated by reference to Exhibit 4.3 of Form 10-K filed with the Securities and Exchange Commission by Hubilu Venture Corporation on April 16, 2024)](https://www.sec.gov/Archives/edgar/data/1639068/000149315224014878/ex4-3.htm) |
| 10.1 | [Adjustable Fixed Rate Note Secured by Deed of Trust, dated as of January 27, 2026, among Elata Investments, LLC and Investor Mortgage Finance, LLC](ex10-1.htm) |
| 10.2 | [Adjustable Fixed Rate Note Secured by Deed of Trust, dated as of January 30, 2026, among Elata Investments, LLC and Investor Mortgage Finance, LLC](ex10-2.htm) |
| 10.3 | [Adjustable Fixed Rate Note Secured by Deed of Trust, dated as of March 11, 2026, among Kapok Investments, LLC and Investor Mortgage Finance, LLC](ex10-3.htm) |
| 31.1\* | [Certification of the Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)](ex31-1.htm) |
| 31.2\* | [Certification of the Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)](ex31-2.htm) |
| 32.1\* | [Certification of the Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](ex32-1.htm) |
| 32.2\* | [Certification of the Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](ex32-2.htm) |
| 101.INS\* | Inline XBRL Instance Document |
| 101.SCH\* | Inline XBRL Taxonomy Extension Schema |
| 101.CAL\* | Inline XBRL Taxonomy Extension Calculation Linkbase |
| 101.DEF\* | Inline XBRL Taxonomy Extension Definition Linkbase |
| 101.LAB\* | Inline XBRL Taxonomy Extension Label Linkbase |
| 101.PRE\* | Inline XBRL Taxonomy Presentation Linkbase |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* Filed herewith.

**SIGNATURES**

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

---

| | |
|:---|:---|
|  | **HUBILU VENTURE CORPORATION** |
| May 26, 2026 | */s/ David Behrend* |
|  | David Behrend |
|  | Chairman and Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Accounting and Financial Officer) |

---

## Exhibit 10.1

**Exhibit 10.1**

![](ex10-1_001.jpg)

## Exhibit 10.2

**Exhibit 10.2**

![](ex10-2_001.jpg)

![](ex10-2_002.jpg)

![](ex10-2_003.jpg)

![](ex10-2_004.jpg)

![](ex10-2_005.jpg)

![](ex10-2_006.jpg)

![](ex10-2_007.jpg)

## Exhibit 10.3

**Exhibit 10.3**

![](ex10-3_001.jpg)

![](ex10-3_002.jpg)

![](ex10-3_003.jpg)

![](ex10-3_004.jpg)

![](ex10-3_005.jpg)

![](ex10-3_006.jpg)

![](ex10-3_007.jpg)

## Exhibit 31.1

**Exhibit 31.1**

**CERTIFICATIONS PURSUANT TO**

**RULE 13A-14(A) OR RULE 15D-14(A), AS ADOPTED PURSUANT TO**

**RULE 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, David Behrend, Chairman and Chief Executive Officer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Hubilu Venture Corporation (the "registrant");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements and other financial information included in this quarterly report fairly presents in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within the entity, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal controls over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal controls over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal controls over financial reporting, to the registrant's auditors and the audit committee of the registrant's Board of Directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting.

---

| | |
|:---|:---|
| Dated: May 26, 2026 | */s/ David Behrend* |
|  | David Behrend |
|  | Chief Executive Officer |
|  | (Principal Executive Officer) |

---

## Exhibit 31.2

**Exhibit 31.2**

**CERTIFICATIONS PURSUANT TO**

**RULE 13A-14(A) OR RULE 15D-14(A), AS ADOPTED PURSUANT TO**

**RULE 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, David Behrend, Chief Financial Officer of Hubilu Venture Corporation, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Hubilu Venture Corporation (the "registrant");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements and other financial information included in this quarterly report fairly presents in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within the entity, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal controls over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal controls over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal controls over financial reporting, to the registrant's auditors and the audit committee of the registrant's Board of Directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting.

---

| | |
|:---|:---|
| Dated: May 26, 2026 | */s/ David Behrend* |
|  | David Behrend |
|  | Chief Financial Officer |
|  | (Principal Financial Officer) |

---

## Exhibit 32.1

**Exhibit 32.1**

**CERTIFICATION PURSUANT TO**

**18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Quarterly Report on Form 10-Q of Hubilu Venture Corporation (the "Company") for the period ending March 31, 2026, as filed with the Securities and Exchange Commission on or about the date hereof ("Report"), I, David Behrend, the Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | |
|:---|:---|
| Dated: May 26, 2026 | */s/ David Behrend* |
|  | David Behrend |
|  | Chief Executive Officer |
|  | (Principal Executive Officer) |

---

## Exhibit 32.2

**Exhibit 32.2**

**CERTIFICATION PURSUANT TO**

**18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Quarterly Report on Form 10-Q of Hubilu Venture Corporation (the "Company") for the period ending March 31, 2026 as filed with the Securities and Exchange Commission on or about the date hereof ("Report"), I, David Behrend, Chief Financial Officer of the Company, certify pursuant to 18 U.S.C. Section 1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | |
|:---|:---|
| Dated: May 26, 2026 | */s/ David Behrend* |
|  | David Behrend |
|  | Chief Financial Officer |
|  | (Principal Financial Officer) |

---