TS Ag Finance closed a $1,350,000 loan with borrowers located in Virginia. The borrowers chose the five year fixed reset interest rate product with a 30 year term and 30 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for five years with semi-annual payments. The borrowers pledged 75 acres of equestrian facilities, residential and timber as collateral and used the funds for the refinance of agriculture real estate debt.