Barclays Provides $38 Million Refinance Loan To Thomas Tellesfen For Retail Asset In Fairfield
FINANCED
$38,000,000
California
See Similar DealsRetail
Financed 09/30/2025
FINANCED
Barclays Provides $38 Million Refinance Loan To Thomas Tellesfen For Retail Asset In Fairfield
1300 Gateway Boulevard
See Similar DealsRetail
Financed 09/30/2025
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 1300 Gateway Boulevard in Fairfield. The loan amount secured was $38,000,000, and it is classified as a refinance loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $38,000,000
- Lender: Barclays
- Landlord: Thomas Tellesfen - Tellesfen Investments, Inc.
- Brokers: Alex Olson & Danny Ryan - JLL
- Loan Type: Refinance
- Date: 09/30/2025
Key individuals in this transaction include Thomas Tellesfen, representing the landlord in this deal, and the brokers Alex Olson and Danny Ryan, both from JLL, who facilitated the loan transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,000,000.00
Monthly NOI$253,333.33
Monthly Debt Service$240,185.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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