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

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2017

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



	As of
	March 31, 2017		December 31, 2016
Other borrowings, real estate notes payable ⁽¹⁾	$	15,820	$	17,195
$540 million unsecured revolving credit facility with interest approximating LIBOR (approximately 0.98% at March 31, 2017) plus 1.75% or Prime (4.00% at March 31, 2017) plus 0.75%	60,000		15,000
Total	$	75,820	$	32,195


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