Meritage Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2016

Loans payable and other borrowings consist of the following (in thousands):



	As of
	June 30, 2016		December 31, 2015
Other borrowings, real estate notes payable ⁽¹⁾	$	19,889	$	23,867
$500 million unsecured revolving credit facility with interest approximating LIBOR (approximately 0.47% at June 30, 2016) plus 1.75% or Prime (3.50% at June 30, 2016) plus 0.75%	—		—
Total	$	19,889	$	23,867


(1)	Reflects balance of non-recourse notes payable in connection with land purchases, with interest rates ranging from 0% to 6%.