Cambridge arranges $14 million loan for three assisted living properties

Cambridge Realty Capital Companies has closed on a $14 million, three-year conventional mortgage loan for a portfolio of three assisted living properties located in Glendale and Valley Village, according chairman Jeffrey Davis. Davis said Cambridge originally provided HUD financing for two of the properties, the Glen Park East Retirement Community and Glen Park West Retirement Community in Glendale, 12 years ago. The third property included in the transaction is the Laurel Canyon Retirement Community in Valley Village, Calif.