Culver City's Palm Court Secures $11M Refinance Loan With Max Sauerman & Paul Dubord

Culver City's Palm Court, a senior living complex located at 3995 Overland Avenue, has secured an $11 million loan for refinancing. The 99-unit senior housing property, owned by Paul Dubord of Goldrich Kest, obtained the loan with the assistance of Max Sauerman from Bellwether Enterprise (BWE). Built in 1991, the apartment building offers a range of amenities including a bistro, movie theater, fitness center, and concierge services.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $11,000,000
• Involving: Max Sauerman - Bellwether Enterprise (BWE)
• Landlord: Paul Dubord - Goldrich Kest
• Units: 99
• Market: Culver City

The loan was facilitated by Max Sauerman from BWE, who represents the lender in the deal. Paul Dubord, the owner of Palm Court, is represented by Goldrich Kest as the landlord. This financing arrangement allows for the refinancing of the senior living complex, offering improved financial flexibility to Paul Dubord and Goldrich Kest for future endeavors.