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

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2020

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


	As of
	September 30, 2020		December 31, 2019
Other borrowings, real estate notes payable ⁽¹⁾	$	23,031	$	22,876
$780.0 million unsecured revolving credit facility with interest approximating LIBOR (approximately 0.15% at September 30, 2020) plus 1.375% or Prime (3.25% at September 30, 2020) plus 0.375%	—		—
Total	$	23,031	$	22,876

(1)Reflects non-recourse non-interest bearing notes payable in connection with land purchases.