TS Ag Finance closed a $1,450,000 loan with borrowers located in Montana. The borrowers close the 10 year VRM product with a 25 year term and amortization. The rate will be fixed for the first 10 years and then will reset for another 10 year period. The borrower chose semi-annual payments and will use the funds to refinance farm real estate debt. The borrowers pledged 900 acres of farmland and pasture as collateral.