XML 43 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt Warehouse Facilities (Tables)
 6 Months Ended
Jun. 30, 2018
Warehouse Facilities [Abstract]  
Schedule of Warehouse Facilities
 
June 30, 2018
 
December 31, 2017
($ in millions)
Outstanding Balance
Maximum Capacity
 
Outstanding Balance
Maximum Capacity
Warehouse Facilities:
 
 
 
 
 
LIBOR plus 1.3%, expires September 24, 20181
$
271.1

375.0

 
156.4

375.0

LIBOR plus 1.35%, expires September 29, 20182
124.4

575.0

 
74.8

375.0

LIBOR plus 1.5%, expires August 31, 2018
—

100.0

 
—

100.0

Fannie Mae ASAP program, LIBOR plus 1.30% to 1.45%
49.4

n/a

 
79.2

n/a

Gross warehouse facilities
$
444.9

1,050.0

 
310.4

850.0

Debt issuance costs
(0.4
)
n/a

 
(1.2
)
n/a

Total warehouse facilities
$
444.5

1,050.0

 
309.2

850.0


1 In the second quarter of 2018, JLL negotiated a change to the interest rate on the Warehouse facility; the facility previously had an interest rate of LIBOR plus 1.4%.
2 In the second quarter of 2018, JLL entered into a temporary agreement from May 29, 2018 to July 12, 2018 that increased the maximum capacity to $575.0 million. This temporary agreement gives JLL the ability to increase from the original maximum capacity, $375.0 million, to the new maximum capacity in increments of $100.0 million. Once the temporary agreement expires, the maximum capacity will revert to $375.0 million.