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

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2019

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



	As of
	June 30, 2019		December 31, 2018
Other borrowings, real estate notes payable ⁽¹⁾	$	12,224	$	14,773
$780.0 million unsecured revolving credit facility with interest approximating LIBOR (approximately 2.40% at June 30, 2019) plus 1.375% or Prime (5.50% at June 30, 2019) plus 0.375%	—		—
Total	$	12,224	$	14,773

(1)

Reflects balance of non-recourse non-interest bearing notes payable in connection with land purchases.