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Debt Warehouse Facilities (Tables)
 9 Months Ended
Sep. 30, 2020
Warehouse Facilities [Abstract]  
Schedule of Warehouse Facilities
Warehouse Facilities
 
September 30, 2020
 
December 31, 2019
($ in millions)
Outstanding Balance
Maximum Capacity
 
Outstanding Balance
Maximum Capacity
Warehouse Facilities:
 
 
 
 
 
LIBOR plus 1.15%, October 21, 20201
$
300.2

375.0

 
104.4

375.0

LIBOR plus 1.40%, expires September 18, 20212
1,016.0

1,200.0

 
184.8

775.0

LIBOR plus 1.40%, expires August 27, 20213
85.1

200.0

 
11.4

100.0

Fannie Mae ASAP4 program, LIBOR plus 1.15%
84.3

n/a

 
53.6

n/a

LIBOR plus 1.25%5
239.2

500.0

 
151.6

1,000.0

LIBOR plus 1.25%
—

—

 
11.0

175.0

Gross warehouse facilities
1,724.8

2,275.0

 
516.8

2,425.0

Debt issuance costs
(1.0
)
n/a

 
(0.9
)
n/a

Total warehouse facilities
$
1,723.8

2,275.0

 
515.9

2,425.0


1 In the third quarter of 2020, JLL extended the Warehouse facility; previously, the facility had a maturity date of September 21, 2020. In October 2020, JLL extended the Warehouse facility to September 20, 2021 with a maximum capacity of $400 million and an increase to the interest rate (to LIBOR plus 1.40%).
2 In the third quarter of 2020, JLL extended the Warehouse facility with an increase to the interest rate; previously, the facility had a maturity date of September 19, 2020 and an interest rate of LIBOR plus 1.15%.
3 In the third quarter of 2020, JLL extended the Warehouse facility with an increase to the interest rate; previously, the facility had a maturity date of August 31, 2020 and an interest rate of LIBOR plus 1.15%.
4 As Soon As Pooled ("ASAP") funding program
5 In the third quarter of 2020, the maximum capacity was reduced from $1.0 billion to $500 million.