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Debt Warehouse Facilities (Tables) | 9 Months Ended
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Sep. 30, 2021
Warehouse Facilities [Abstract] |
Schedule of Warehouse Facilities | Warehouse Facilities
| September 30, 2021 |  | December 31, 2020
($ in millions) | Outstanding Balance | Maximum Capacity |  | Outstanding Balance | Maximum Capacity
Warehouse Facilities: |  |  |  |  |
LIBOR plus 1.30%, expires November 15, 2021(1) | $ | 414.4 |  | 700.0 |  |  | 144.4 |  | 400.0 |
LIBOR plus 1.30%, expires September 16, 2022(2) | 1,658.3 |  | 2,000.0 |  |  | 768.9 |  | 1,600.0 |
LIBOR plus 1.30%, expires August 27, 2022(3) | 194.8 |  | 300.0 |  |  | 195.9 |  | 900.0 |
LIBOR plus 1.60%, expires July 30, 2022(4) | — |  | 400.0 |  |  | — |  | — |
Fannie Mae ASAP(5) program, SOFR plus 1.25%(6) | — |  | n/a |  | 128.8 |  | n/a
LIBOR plus 1.50% | — |  | — |  |  | 261.6 |  | 300.0 |
Gross warehouse facilities | 2,267.5 |  | 3,400.0 |  |  | 1,499.6 |  | 3,200.0 |
Debt issuance costs | (1.2) |  | n/a |  | (1.2) |  | n/a
Total warehouse facilities | $ | 2,266.3 |  | 3,400.0 |  |  | 1,498.4 |  | 3,200.0 |
(1) In the third quarter of 2021, JLL extended the Warehouse facility; previously, the facility had a maturity date of September 20, 2021. In the second quarter of 2021, JLL increased the maximum capacity of the Warehouse facility with a decrease to the interest rate; previously, the facility had an interest rate of LIBOR plus 1.40% and a maximum capacity of $400.0 million. (2) In the third quarter of 2021, JLL extended the Warehouse facility with a temporary increase to the maximum capacity; previously the facility had a maturity date of September 18, 2021 and a temporary maximum capacity of $1,600.0 million which expired on January 31, 2021 and thereafter reverted to its original contractual amount. In the second quarter of 2021, JLL amended the Warehouse facility with a decrease to the interest rate; previously the facility had an interest rate of LIBOR plus 1.40%. (3) In the third quarter of 2021, JLL extended the Warehouse facility with an increase to the maximum capacity; previously, the facility had a maturity date of August 27, 2021 and a temporary maximum capacity of $900.0 million which expired on January 6, 2021 and thereafter reverted to its original contractual amount. In the second quarter of 2021, JLL amended the Warehouse facility with a decrease to the interest rate; previously the facility had an interest rate of LIBOR plus 1.40%. (4) In the third quarter of 2021, JLL added a new secured borrowing for $400.0 million under a master repurchase agreement that is scheduled to expire on July 30, 2022. Advances are made at 100% of the loan balance and borrowings are secured by the related warehouse receivables and bear interest at LIBOR plus 1.60%. (5) As Soon As Pooled ("ASAP") funding program. (6) JLL amended the Fannie Mae ASAP program interest rate to Secured Overnight Financing Rate ("SOFR") plus 1.25%; previously, the facility had an interest rate of LIBOR plus 1.15%.

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- Definition Warehouse Facilities [Abstract] + References No definition available. + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -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=120391452&loc=d3e13212-122682 + Details
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