Lines of credit principal outstanding

[Table of Contents](#i36695dc5143241f795c32e47bf5f4b3d_7)CBRE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)The following table is a summary of our warehouse lines of credit in place as of December 31, 2021 and 2020 (dollars in thousands):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  | December 31, 2021 |  | December 31, 2020 |
| Lender |  | CurrentMaturity |  | Pricing |  | MaximumFacilitySize |  | CarryingValue |  | MaximumFacilitySize |  | CarryingValue |
| JP Morgan Chase Bank, N.A. (JP Morgan) (1) |  | 10/17/2022 |  | daily floating rate SOFR rate plus1.60% |  | $ | 1,335,000  |  |  | $ | 742,124  |  |  | $ | 1,585,000  |  |  | $ | 561,726  |  |
| JP Morgan  |  | 10/17/2022 |  | daily floating rate SOFR rate plus2.75% |  | 15,000  |  |  | 4,326  |  |  | 15,000  |  |  | —  |  |
| Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program (2) |  | Cancelableanytime |  | daily one-month LIBOR plus1.45%, with aLIBOR floor of 0.25% |  | 650,000  |  |  | 133,084  |  |  | 450,000  |  |  | 132,692  |  |
| TD Bank, N.A. (TD Bank) (3) |  | 7/15/2022 |  | daily floating rate LIBOR plus1.30% |  | 800,000  |  |  | 217,672  |  |  | 800,000  |  |  | 401,849  |  |
| Bank of America, N.A. (BofA) (4) |  | 5/25/2022 |  | daily floating rate LIBOR plus1.30%, with aLIBOR floor of 0.30% |  | 350,000  |  |  | 178,600  |  |  | 350,000  |  |  | 175,862  |  |
| BofA (5) |  | 5/25/2022 |  | daily floating rate LIBOR plus1.30%, with aLIBOR floor of 0.30% |  | 250,000  |  |  | —  |  |  | —  |  |  | —  |  |
| MUFG Union Bank, N.A. (Union Bank) (6) |  | 6/28/2022 |  | daily floating rate LIBOR plus1.30% |  | 200,000  |  |  | 1,645  |  |  | 300,000  |  |  | 111,835  |  |
|  |  |  |  |  |  | $ | 3,600,000  |  |  | $ | 1,277,451  |  |  | $ | 3,500,000  |  |  | $ | 1,383,964  |  |

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_(1)Effective October 19, 2020, this facility was amended and the maximum facility size was temporarily increased to $1,585.0 million, and reverted back to $985.0 million on January 18, 2021. Effective October 18, 2021, this facility was renewed and amended and the maximum facility size was increased to $1,335.0 million. This facility has a revised maturity date of October 17, 2022 and a revised interest rate to a Secured Overnight Finance Rate (SOFR) term plus 1.60%, noting the Business Lending sublimit has a revised interest rate of daily adjusted term SOFR plus 2.75%.(2)Effective January 15, 2021, the maximum facility was temporarily increased to $650.0 million.(3)Effective July 1, 2020, this facility was amended and provides for a maximum aggregate principal amount of $400.0 million, in addition to an uncommitted $400.0 million temporary line of credit. Effective June 28, 2021, this facility was renewed with a revised interest rate of daily floating rate LIBOR plus 1.30% and a maturity date of July 15, 2022. As of December 31, 2021, the uncommitted $400.0 million temporary line of credit was not utilized.(4)The total commitment amount of $350.0 million includes a separate sublimit borrowing in the amount of $100.0 million, which can be utilized for specific purposes as defined within the agreement. Effective June 30, 2021, this facility was renewed with a revised interest rate of daily floating LIBOR plus 1.30% and a maturity date of May 25, 2022. The sublimit is subject to an interest rate of daily floating LIBOR plus 1.75%, with a LIBOR floor of 0.75%. As of December 31, 2021, the sublimit borrowing has not been utilized.(5)Effective June 30, 2021, the advised consent line was renewed for $250.0 million of capacity with a revised interest rate of daily floating LIBOR plus 1.30%, with a LIBOR floor of 0.30%, and a maturity date of May 25, 2022.(6)Effective August 4, 2020, this facility was amended to decrease the accordion feature from $150.0 million to $100.0 million. If utilized, the additional borrowings must be in predefined multiples and are not to occur more than 3 times within 12 consecutive months. On September 22, 2020, the temporary increase of $100.0 million was utilized and expired on January 20, 2021. Effective June 28, 2021, this facility was renewed with a revised interest rate of daily floating rate LIBOR plus 1.30%, removing the LIBOR floor, and a maturity date of June 28, 2022During the year ended December 31, 2021, we had a maximum of $2.5 billion of warehouse lines of credit principal outstanding.84
