Teralta Corporate Park, a suburban flex property built in 2017, was recently refinanced at $12.3 million. The interim loan was structured with a three-year term and an interest-only feature.

Bryan Leonard, senior vice president/managing director of Northmarq’s San Antonio debt/equity team, arranged the loan on behalf of the borrower, Sirell Properties, through its correspondent relationship with Aetna.

The single-story asset contains 58,389 square feet located at 4949 North Loop 1604 West in San Antonio. Teralta is an institutional grade two-building property with frontage on Loop 1604 near Interstate 10. The RIM mixed-use development is adjacent to the subject property, and La Cantera Resort, Six Flags and Shops at La Cantera are nearby.