facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Loan

/

1300 Gateway Boulevard

Barclays Provides $38 Million Refinance Loan To Thomas Tellesfen For Retail Asset In Fairfield
FINANCEDRetail

Barclays Provides $38 Million Refinance Loan To Thomas Tellesfen For Retail Asset In Fairfield

1300 Gateway Boulevard

$38,000,000

Building Size

Asset Type

Retail

Closing

Sep 30, 2025

AI

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.

Players

Alex Olson

JLL

Broker

$398M

vol

14 deals

Broker
JLL
JLLBrokerage

Fairfield Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93