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
Fairfield Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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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