Note 15 - Warehouse Credit Facilities

12 Months Ended

Dec. 31, 2022

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, 2022:

		December 31, 2022				December 31, 2021
	Current	Maximum		Carrying		Maximum		Carrying
	Maturity	Capacity		Value		Capacity		Value
Facility A - SOFR plus 1.70%	October 19, 2023	$	125,000	$	1,924	$	125,000	$	70,694
Facility B - SOFR plus 1.70%	On demand		125,000		7,619		125,000		49,860
Facility C - SOFR plus 1.60%	April 27, 2023		150,000		14,743		150,000		42,357
		$	400,000	$	24,286	$	400,000	$	162,911

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 any warehouse mortgages financed on the facilities.

On May 26, 2022, Colliers Mortgage entered into an amendment to the financing agreement for Facility C modifying the interest rate to SOFR plus 1.6% and maturity date to April 27, 2023, with an option to extend to April 27, 2024.

On October 17, 2022, Colliers Mortgage renewed Facility A extending its maturity date to October 19, 2023.