Note 15 - Warehouse Credit Facilities

12 Months Ended

Dec. 31, 2023

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:

		December 31, 2023				December 31, 2022
	Current	Maximum		Carrying		Maximum		Carrying
	Maturity	Capacity		Value		Capacity		Value
Facility A - SOFR plus 1.40%	October 17, 2024	$	275,000	$	168,780	$	125,000	$	1,924
Facility B - SOFR plus 1.45%	On demand		125,000		-		125,000		7,619
Facility C - SOFR plus 1.60%	Terminated		-		-		150,000		14,743
		$	400,000	$	168,780	$	400,000	$	24,286

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 April 17, 2023, the Company terminated Facility C and amended Facility A to increase the borrowing capacity to $275,000 with the right to increase its borrowing capacity up to an additional $150,000. The amendment also modified the interest rate to SOFR plus 1.40% without any change in the maturity.

On October 19, 2023, the Company amended the financing agreement for Facility A to extend the maturity date to October 17, 2024.