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

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2016

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



	As of
	September 30, 2016		December 31, 2015
Other borrowings, real estate notes payable ⁽¹⁾	$	20,183	$	23,867
$500 million unsecured revolving credit facility with interest approximating LIBOR (approximately 0.53% at September 30, 2016) plus 1.75% or Prime (3.50% at September 30, 2016) plus 0.75%	25,000		—
Total	$	45,183	$	23,867


(1)	Reflects balance of non-recourse notes payable in connection with land purchases, with interest rates ranging from 0% to 8%.