TS Ag Finance closed a $552,500 loan with borrowers located in California. The borrowers chose the Ag Equity RLOC with a five year draw period, 30 year term and 25 year amortization, utilizing the Farmer Mac loan program. The initial interest rate is variable for five years with semi-annual payments. The interest rate can be converted to a fixed interest rate after five years (when the revolving feature matures). The borrowers pledged 47 acres of walnut producing farmland as collateral and used the funds for agriculture business purposes.