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GLENDALE, CA-The owner of the 272-room Embassy Suites Glendale has a new $35 million first mortgage that paid off the construction loan for the property at 800 N. Central Ave., according to Holliday Fenoglio Fowler, which arranged the financing. The $35 million bridge loan is a 36-month, adjustable-rate loan with Prime Finance, a commercial real estate finance company with offices in San Francisco, Chicago and New York.

HFF director Tina Derderian worked on behalf of Kam Sang Co. to secure the new financing. Kam Sang developed the hotel and also manages it.

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