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

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2017

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



	As of
	June 30, 2017		December 31, 2016
Other borrowings, real estate notes payable ⁽¹⁾	$	17,256	$	17,195
$625 million unsecured revolving credit facility with interest approximating LIBOR (approximately 1.22% at June 30, 2017) plus 1.75% or Prime (4.25% at June 30, 2017) plus 0.75%	—		15,000
Total	$	17,256	$	32,195


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