TS Ag Finance closed a $315,000 loan with borrowers located in Washington. The borrowers chose the five year ARM interest rate product with a 15 year term and 25 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for five years with semi-annual payments. The borrowers pledged 413 acres of timber/recreational use as collateral and used the funds for refinancing exiting real estate debt.