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Note 15 - Warehouse Credit Facilities
 12 Months Ended
Dec. 31, 2020
Warehouse Credit Facilities [Member]  
Notes to Financial Statements  
Debt Disclosure [Text Block]
15.
Warehouse credit facilities
 
The following table summarizes the Company's mortgage warehouse credit facilities as at
December 31, 2020:
 
         
December 31, 2020
  
   
Current
    
Maximum
      
Carrying
  
   
Maturity
    
Capacity
      
Value
  
                     
Facility A - LIBOR plus 1.60%  
January 11, 2021
   $
275,000
     $
167,004
  
Facility B - SOFR plus 1.70%  
On demand
    
125,000
      
51,014
  
   
 
   $
400,000
     $
218,018
  
 
Colliers Mortgage has warehouse credit facilities which are used exclusively for the purpose of funding warehouse mortgages receivable. The warehouse credit facilities are recourse only to Colliers Mortgage; these facilities are revolving and are secured by warehouse mortgages financed on the facilities, if any.
 
On
January 11, 2021
Colliers Mortgage entered into an amendment to the financing agreement for Facility A modifying the borrowing capacity to
$175,000
and extending the maturity date to
October 20, 2021.
On
January 15, 2021
Colliers Mortgage entered into an additional amendment for Facility A temporarily increasing the borrowing capacity to
$250,000
through
March 31, 2021;
The borrowing capacity will decrease to
$125,000
on
October 20, 2021.