TS Ag Finance closed a $715,000 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 95 acres of citrus producing farmland as collateral and used the funds for agriculture business purposes.