XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Debt Warehouse Facilities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Line of Credit Facility [Line Items] |
Schedule of Warehouse Facilities |
| June 30, 2017 |  | December 31, 2016
($ in millions) | Outstanding Balance | Maximum Capacity |  | Outstanding Balance | Maximum Capacity
Warehouse Facilities: |  |  |  |  |
LIBOR plus 1.4%, expires September 25, 20171 | $ | 314.3 |  | 525.0 |  |  | 135.2 |  | 275.0 |
LIBOR plus 1.35%, expires September 22, 20172 | 357.2 |  | 500.0 |  |  | 314.7 |  | 650.0 |
LIBOR plus 1.5%, expires August 31, 2018 | 77.4 |  | 100.0 |  |  | 15.0 |  | 100.0 |
Fannie Mae ASAP program, LIBOR plus 1.30% to 1.45% | 42.8 |  | n/a |  |  | 116.1 |  | n/a |
Gross warehouse facilities | $ | 791.7 |  | 1,125.0 |  |  | 581.0 |  | 1,025.0 |
Debt issuance costs | (0.7 | ) | n/a |  |  | (0.9 | ) | n/a |
Total warehouse facilities | $ | 791.0 |  | 1,125.0 |  |  | 580.1 |  | 1,025.0 |
1 JLL entered into an additional temporary agreement from April 17, 2017 through July 14, 2017 that increased the maximum capacity to $525.0 million. Once this temporary agreement expires, the maximum capacity will revert to $275.0 million. 2 In the second quarter of 2017, JLL negotiated a change to the interest rate on the Warehouse facility; the facility previously had an interest rate of LIBOR plus 1.4%. In addition, JLL entered into a temporary agreement that increased the maximum capacity to $500.0 million from June 29, 2017 through July 30, 2017, and to $1.3 billion from July 31, 2017 through September 11, 2017. Once the temporary agreement expires, the maximum capacity will revert to $250.0 million.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration