TS Ag Finance closed a $595,000 loan with borrowers located in Arizona. The borrowers chose the five year ARM interest rate product with a 30 year term and 30 year amortization, utilizing the Farmer Mac AgXpress loan program. The interest rate is fixed for five years with semi-annual payments. The borrowers pledged 240 acres of greenhouse/nursery as collateral and used the funds for refinancing exiting real estate debt.