Warehouse Notes Payable (Tables)

3 Months Ended

Mar. 31, 2018

As of March 31, 2018, Newmark had the following lines available and borrowings outstanding (in thousands):

	Committed Lines		Uncommitted Lines		Balance at March 31, 2018		Stated Spread to One Month LIBOR	Rate Type
Warehouse line due June 20, 2018	$	450,000	$	—	$	390,295	130 bps	Variable
Warehouse line due September 25, 2018		200,000		—		166,480	130 bps	Variable
Warehouse line due October 11, 2018⁽¹⁾		400,000		—		361,739	130 bps	Variable
Fannie Mae repurchase agreement, open maturity		—		325,000		31,965	120 bps	Variable
	$	1,050,000	$	325,000	$	950,479

(1)	The warehouse line was temporarily increased by $300.0 million to $400.0 million for the period of March 29, 2018 to May 12, 2018.

As of December 31, 2017, Newmark had the following lines available and borrowings outstanding (in thousands):

	Committed Lines		Uncommitted Lines		Balance at December 31, 2017		Stated Spread to One Month LIBOR	Rate Type
Warehouse line due June 20, 2018	$	450,000	$	—	$	60,715	130 bps	Variable
Warehouse line due September 25, 2018		200,000		—		107,383	130 bps	Variable
Warehouse line due October 11, 2018		300,000		—		174,102	130 bps	Variable
Fannie Mae repurchase agreement, open maturity		—		325,000		18,240	120 bps	Variable
	$	950,000	$	325,000	$	360,440