TS Ag Finance closed a $600,000 loan with borrowers located in California. The borrowers chose the 10 year ARM interest rate product with a 25 year term and 25 year amortization, utilizing the TS Ag Finance Triple R loan program. The interest rate is fixed for 10 years with semi-annual payments. The borrowers pledged 30 acres of irrigated citrus production as collateral and used the funds for refinancing exiting real estate debt.