Note 14 - Warehouse Credit Facilities

12 Months Ended

Dec. 31, 2021

Warehouse Credit Facilities [Member]

Notes to Financial Statements

Debt Disclosure [Text Block]

14. Warehouse credit facilities

The following table summarizes the Company’s mortgage warehouse credit facilities as at December 31, 2021:

		December 31, 2021				December 31, 2020
	Current	Maximum		Carrying		Maximum		Carrying
	Maturity	Capacity		Value		Capacity		Value
Facility A - LIBOR plus 1.60%	October 19, 2022	$	125,000	$	70,694	$	275,000	$	167,004
Facility B - SOFR plus 1.70%	On demand		125,000		49,860		125,000		51,014
Facility C - LIBOR plus 1.60%	April 27, 2022		150,000		42,357		-		-
		$	400,000	$	162,911	$	400,000	$	218,018

Colliers Mortgage LLC (“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, are revolving and are secured by warehouse mortgages financed on the facilities, if any.

On October 20, 2021, Colliers Mortgage entered into an amendment to the financing agreement for Facility A modifying the borrowing capacity to $125,000 and extending the maturity date to October 19, 2022.

On April 28, 2021, Colliers Mortgage entered into an additional financing agreement for Facility C with a borrowing capacity of $150,000. The maturity date is April 27, 2022, with an option to extend to April 27, 2023.