SkyREM secures $101.8 million CIBC refinancing for East Coast industrial portfolio

SkyREM, a real estate investment firm, has secured $101.8 million in nonrecourse financing from CIBC to refinance an industrial portfolio spanning 1.9 million square feet across the U.S. East Coast.

The portfolio consists of four properties that are currently 100 percent occupied by six tenants, serving various warehousing, manufacturing, and e-commerce functions. The financing includes an initial three-year term with two subsequent one-year extension options, providing the firm with structural flexibility for future investments.

JLL Capital Markets arranged the transaction. SkyREM, which maintains offices in New York City and Philadelphia, manages a broad U.S. industrial portfolio that includes major tenants such as Amazon, FedEx, and Lockheed Martin.