TS Ag Finance closed a $1,715,000 loan with borrowers located in Florida. The borrowers chose the Ag Equity RLOC with a 10 year draw period, 30 year term and 20 year amortization, utilizing the Farmer Mac loan program. The interest rate can be converted to a fixed interest rate after 10 years (when the revolving feature matures). The borrowers pledged 35 acres of equestrian facilities as collateral and used the funds for refinancing exiting real estate debt.