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

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2018

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



	As of
	March 31, 2018		December 31, 2017
Other borrowings, real estate notes payable ⁽¹⁾	$	16,854	$	17,354
$625 million unsecured revolving credit facility with interest approximating LIBOR (approximately 1.88% at March 31, 2018) plus 1.75% or Prime (4.75% at March 31, 2018) plus 0.75%	—		—
Total	$	16,854	$	17,354


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