TS Ag Finance closed a $102,000 loan with borrowers located in California. 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 initial interest rate is variable for 10 years with semi-annual interest only payments. The interest rate can be converted to a fixed interest rate after 10 years (when the revolving feature matures). The borrowers pledged 142 acres of cattle ranchland as collateral and used the funds for agriculture business purposes and the purchase of farmland.