TS Ag Finance closed a $1,500,000 loan with borrowers located in North Carolina. The borrowers chose the five year fixed reset interest rate product with a 15 year term and 15 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for five years with semi-annual payments. The borrowers pledged 45 acres of greenhouses and fixtures as collateral and used the funds for the refinance of agriculture real estate debt.