Closed Loan Examples

July 2018

TS Ag Finance closed a $450,000 loan with borrowers located in Arizona. 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 is 4.59% variable for 10 years with semi-annual payments. The interest rate can be converted to a fixed interest rate after 10 years (when the revolving feature matures). The borrowers pledged 9 acres including greenhouse facilities as collateral and used the funds for agriculture business purposes

July 2018

TS Ag Finance closed a $450,000 loan with borrowers located in Arizona. The borrowers chose the 15-year fixed interest rate product with a 15-year term and 15-year amortization, utilizing the Farmer Mac loan program. The interest rate is 5.59% fixed for 15 years with semi-annual payments. The borrowers pledged 9 acres including greenhouse facilities as collateral and used the funds to refinance farm real estate debt. 

July 2018

TS Ag Finance closed a $930,500 loan with borrowers located in California. The borrowers chose the 10-year reset product with a 30-year term and 30-year amortization, utilizing the Farmer Mac loan program. The interest rate is 6.00% fixed for 10 years with semi-annual payments. The interest rate will reset at 10 years. The borrowers pledged 962 acres of farmland as collateral and used the funds to refinance farm real estate debt. 

July 2018

TS Ag Finance closed a $458,500 loan with borrowers located in California. The borrowers chose the 5-year ARM interest rate product with a 15-year term and 15-year amortization, utilizing the Farmer Mac loan program. The interest rate is 5.00% fixed for 5 years with semi-annual payments. The borrowers pledged 76 acres of farmland as collateral and used the funds to purchase farm real estate. 

May 2018

TS Ag Finance closed a $490,000 loan with borrowers located in California. The borrowers chose the 15-year fixed interest rate product with a 15-year term and 25-year amortization, utilizing the Farmer Mac loan program. The interest rate is 6.00% fixed for 15 years with monthly payments. The borrowers pledged 28 acres of farmland as collateral and used the funds to purchase farm real estate. 

May 2018

TS Ag Finance closed a $425,500 loan with borrowers located in California. The borrowers chose the 10-year reset product with a 30-year term and 30-year amortization, utilizing the Farmer Mac loan program. The interest rate is 5.95% fixed for 10 years with semi-annual payments. The interest rate will reset at 10 years. The borrowers pledged 17 acres of farmland as collateral and used the funds to purchase farm real estate. 

April 2018

TS Ag Finance closed a $125,500 loan with borrowers located in California. The borrowers chose the Ag Equity RLOC with a 5-year draw period, 30-year term and 25-year amortization, utilizing the Farmer Mac loan program. The interest rate is 4.93% variable for 5 years with semi-annual payments. The interest rate can be converted to a fixed interest rate after 5 years (when the revolving feature matures). The borrowers pledged 39 acres of farmland as collateral and used the funds for business purposes. 

April 2018

TS Ag Finance closed a $4,231,500 loan with borrowers located in California. The borrowers chose the 10-year reset product with a 25-year term and 25-year amortization, utilizing the Farmer Mac loan program. The interest rate is 5.45% fixed for 10 years with semi-annual payments. The interest rate will reset at 10 years. The borrowers pledged 773 acres of farmland as collateral and used the funds to purchase farm real estate.

March 2018

TS Ag Finance closed a $640,000 loan with borrowers located in Iowa. The borrowers chose the 15-year reset product with a 20-year term and 20-year amortization, utilizing the Farmer Mac loan program. The interest rate is 5.04% fixed for 15 years with semi-annual payments. The interest rate will reset at 15 years. The borrowers pledged 241 acres of farmland as collateral and used the funds to purchase farm real estate.  

March 2018

TS Ag Finance closed a $688,000 loan with borrowers located in Minnesota. The borrowers chose the 5-year ARM product with a 25-year term and 25-year amortization, utilizing the Triple R loan program. The interest rate is 5.73% fixed for 5 years with semi-annual payments. The rate will reset every 5 years for the life of the loan. The borrowers pledged 620 acres of farmland/timber as collateral and used the funds to refinance farm real estate debt. 

February 2018

TS Ag Finance closed a $315,000 loan with borrowers located in Washington. The borrowers chose the 5-year ARM product with a 15-year term and 25-year amortization, utilizing the Farmer Mac loan program. The interest rate is 4.90% fixed for 5 years with monthly payments. The rate will reset every 5 years for the life of the loan. The borrowers pledged 413 acres of timber as collateral and used the funds to purchase agriculture real estate.

February 2018

TS Ag Finance closed a $125,000 loan with borrowers in Iowa. The borrowers chose the 15 year fixed product with a 15 year term and a 25 year amortization. The rate will be fixed at 5.16% for the life of the loan with Semi-Annual payments. The borrowers pledged 80 acres of CRP and pasture land as collateral.

January 2018

TS Ag Finance closed a $705,000 loan with borrowers located in Washington. The borrowers chose the 3 year ARM product with a 25 year term and amortization, through the Triple R loan program. The borrowers chose a rate of 4.90% with Semi-Annual payments. The rate will reset every 3 years for the life of the loan. The borrower pledged 25 acres of apples as collateral and used the funds to refinance farm real estate debt. 

January 2018

TS Ag Finance closed a $300,000 loan with borrowers located in Minnesota. The borrowers needed funds for working capital and operating expenses. They chose the 15 year fixed product with a 15 year term and a 25 year amortization. The rate will be fixed at 4.99% for the life of the loan with Semi-Annual payments. The borrowers pledged 460 acres of farmland as collateral for the loan.

January 2018

TS Ag Finance closed a $1,450,000 loan with borrowers located in Montana. The borrowers close the 10 year VRM product with a 25 year term and amortization. The rate will be fixed at 5.15% for the first 10 years and then will reset for another 10 year period. The borrower chose Semi-Annual payments and will use the funds to refinance farm real estate debt.  The borrowers pledged 900 acres of farmland and pasture as collateral.

January 2018

TS Ag Finance closed a $490,000 loan with borrowers in Washington. The borrowers used the funds to purchase farm real estate. The borrowers chose the 1 year ARM product with a rate of 4.85% and Monthly payments. They pledged a 25 acre ranch as collateral for the loan.

December 2017

TS Ag Finance closed a $920,000 loan with borrowers located in Iowa. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 3.90% with Semi-Annual payments. The borrower pledged 220 acres of farmland as collateral and used the funds to Refinance Farm Real Estate.

December 2017

TS Ag Finance closed a $532,000 loan with borrowers located in Iowa. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 4.55% with Semi-Annual payments. The borrower pledged 240 acres of of farmland as collateral and used the funds to Refinance Farm Real Estate.

November 2017

TS Ag Finance closed an $850,000 loan with borrowers located in California. The borrowers chose the 30 Year Fixed product with a 30 year term and a 30 year amortization. The borrowers chose a Fixed rate of 6.05% with Monthly payments. The borrower pledged 38 acres of bareland as collateral and used the funds to Purchase Farm Real Estate.

November 2017

TS Ag Finance closed a $500,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.55% with Semi-Annual payments. The borrower pledged 318 acres of wheat as collateral and used the funds to Improvements. 

November 2017

TS Ag Finance closed a $700,000 loan with borrowers located in Colorado. The borrowers chose the 10 Year Reset product with a 25 year term and a 25 year amortization. The borrowers chose a 10 year fixed rate of 5.25% that will reset, with Semi-Annual payments. The borrower pledged 456 acres of alfalfa as collateral and used the funds to Refinance Farm Real Estate.

October 2017

TS Ag Finance closed a $1,475,000 loan with borrowers located in Oregon. The borrowers chose the 10 year AgEquity Revolving Line of Credit product with a 30 year term and a 20 year amortization. The borrowers chose a Variable rate of 4.24% with Semi-Annual payments. The borrower pledged 326 acres of grapes as collateral and used the funds for agriculture operating expense.

October 2017

TS Ag Finance closed a $2,500,000 loan with borrowers located in Oregon. The borrowers chose the 10 Year Reset product with a 15 year term and a 25 year amortization. The borrowers chose a 10 year Fixed rate of 5.80% that will reset, with Monthly payments. The borrower pledged 326 acres of grapes as collateral and used the funds to Refinance Farm Real Estate.

October 2017

TS Ag Finance closed a $250,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.80% with Semi-Annual payments. The borrower pledged 18 acres of almonds as collateral and used the funds to Purchase Farm Real Estate.

October 2017

TS Ag Finance closed a $400,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 5.045% with Semi-Annual payments. The borrower pledged 39 acres of grapes as collateral and used the funds to Refinance Farm Real Estate and receive Cash Out. 

October 2017

TS Ag Finance closed a $450,000 loan with borrowers located in Colorado. The borrowers chose the 30 Year Fixed product with a 30 year term and a 30 year amortization. The borrowers chose a Fixed rate of 5.55% with Semi-Annual payments. The borrower pledged 30 acres of grapes as collateral and used the funds to Purchase Farm Real Estate.

September 2017

TS Ag Finance closed a $900,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 3.92% with Semi-Annual payments. The borrower pledged a 5 acre Greenhouse as collateral and used the funds to Refinance Farm Real Estate.

September 2017

TS Ag Finance closed a $36,200,000 loan with borrowers located in Texas. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 4.88% with Semi-Annual payments. The borrower pledged 6673 acres of farmland as collateral and used the funds to Refinance Farm Real Estate.

August 2017

TS Ag Finance closed a $575,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 4.77% with Monthly payments. The borrower pledged 39 acres of walnuts as collateral and used the funds to Refinance Farm Real Estate.

August 2017

TS Ag Finance closed a $450,660 loan with borrowers located in Iowa. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.30% with Semi-Annual payments. The borrower pledged 174 acres of farmland as collateral and used the funds to Refinance Farm Real Estate.

August 2017

TS Ag Finance closed a $1,568,760 loan with borrowers located in Oregon. The borrowers chose the 10 Year Reset product with a 25 year term and a 25 year amortization. The borrowers chose a 10 year Fixed rate of 5.61% that will reset, with Monthly payments. The borrower pledged 711 acres of blueberries as collateral and used the funds to Purchase Farm Real Estate.

August 2017

TS Ag Finance closed a $2,200,000 loan with borrowers located in California. The borrowers chose the 15 Year Reset product with a 30 year term and a 30 year amortization. The borrowers chose a 15 year fixed rate of 4.96% that will reset with Semi-Annual payments. The borrower pledged 615 acres of pistachios as collateral and used the funds for improvements.

August 2017

TS Ag Finance closed a $390,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.90% with Monthly payments. The borrower pledged 40 acres of pistachios as collateral and used the funds to Purchase Farm Real Estate.

August 2017

TS Ag Finance closed a $400,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 5.20% with Monthly payments. The borrower pledged 40 acres of pistachios as collateral and used the funds to Purchase Farm Real Estate.

June 2017

TS Ag Finance closed a $313,000 loan with borrowers located in Iowa. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 3.90% with Annual payments. The borrower pledged 110 acres of bare land as collateral and used the funds to Purchase Farm Real Estate.

June 2017

TS Ag Finance closed a $720,000 loan with borrowers located in Iowa. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 3.63% with Semi-Annual payments. The borrower pledged 306 acres of farmland as collateral and used the funds to Purchase Farm Real Estate.

June 2017

TS Ag Finance closed a $394,700 loan with borrowers located in Iowa. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.36% with Annual payments. The borrower pledged 104 acres of farmland as collateral and used the funds to Purchase Farm Real Estate.

June 2017

TS Ag Finance closed a $200,000 loan with borrowers located in Illinois. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 3.99% with Monthly payments. The borrower pledged 40 acres of farmland as collateral and used the funds for agriculture operating expenses.

May 2017

TS Ag Finance closed a $258,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.80% with Monthly payments. The borrower pledged 17 acres of walnuts as collateral and used the funds to Construct a Shop. 

May 2017

TS Ag Finance closed a $4,340,000 loan with borrowers located in Colorado. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 4.55% with Semi-Annual payments. The borrower pledged 14,751 acre cattle ranch as collateral and used the funds to Purchase Farm Real Estate.

May 2017

TS Ag Finance closed a $325,000 loan with borrowers located in Iowa. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 3.74% with Semi-Annual payments. The borrower pledged 71 acres of farmland as collateral and used the funds to Purchase Farm Real Estate.

April 2017

TS Ag Finance closed a $474,890 loan with borrowers located in Iowa. The borrowers chose the 10 Year Variable product with a 25 year term and a 25 year amortization. The borrowers chose a Variable rate of 4.45% that will be fixed for 10 year increments, with Semi-Annual payments. The borrower pledged 1082 acres of farmland as collateral and used the funds to Refinance Farm Real Estate. 

April 2017

TS Ag Finance closed a $300,000 loan with borrowers located in Minnesota. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.79% with Semi-Annual payments. The borrower pledged 200 acres of farmland as collateral and used the funds to Refinance Farm Real Estate.

April 2017

TS Ag Finance closed a $340,000 loan with borrowers located in California. The borrowers chose the 10 Year Variable product with a 30 year term and a 30 year amortization. The borrowers chose a Variable rate of 4.95% with Monthly payments. The borrower pledged 11 acres of almonds as collateral and used the funds to Refinance Farm Real Estate. 

April 2017

TS Ag Finance closed a $250,000 loan with borrowers located in California. The borrowers chose the 10 year AgEquity Revolving Line of Credit product with a 30 year term and a 20 year amortization. The borrowers chose a Variable rate of 3.63% with Semi-Annual payments. The borrower pledged 90 acres of oranges as collateral and used the funds for agriculture operating expenses.

April 2017

TS Ag Finance closed a $541,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 25 year amortization. The borrowers chose a Fixed rate of 4.02% with Semi-Annual payments. The borrower pledged 90 acres of oranges as collateral and used the funds to Refinance Farm Real Estate.

April 2017

TS Ag Finance closed a $950,000 loan with borrowers located in Iowa. The borrowers chose the 10 year AgEquity Revolving Line of Credit product with a 30 year term and a 20 year amortization. The borrowers chose a Variable rate of 3.24% with Semi-Annual payments. The borrower pledged 1082 acres of farmland as collateral and used the funds for agriculture operating expenses.

March  2017

TS Ag Finance closed a $150,000 loan with borrowers located in Iowa. The borrowers chose the 30 Year Fixed product with a 30 year term and a 30 year amortization. The borrowers chose a Fixed rate of 5.70% with Semi-Annual payments. The borrower pledged 74 acres of farmland as collateral and used the funds to Purchase Farm Real Estate.

March  2017

TS Ag Finance closed a $250,000 loan with borrowers located in Oregon. The borrowers chose the 15 Year Variable product with a 15 year term and a 25 year amortization. The borrowers chose a Variable rate of 4.19% with Monthly payments. The borrower pledged 30 ares farmland as collateral and used the funds to Refinance Farm Real Estate.

March 2017

TS Ag Finance closed a $142,000 loan with borrowers located in Oregon. The borrowers chose the 5 year Ag Equity Revolving Line of Credit product with a 30 year term and a 25 year amortization. The borrowers chose a Variable rate of 3.85% with Semi-Annual payments. The borrower pledged 30 ares farmland as collateral and used the funds to make improvements.

March  2017

TS Ag Finance closed a $400,000 loan with borrowers located in California. The borrowers chose the 10 year AgEquity Revolving Line of Credit product with a 30 year term and a 20 year amortization. The borrowers chose a Variable rate of 3.42% with Semi-Annual payments. The borrower pledged 41 acres of oranges as collateral and used the funds for agriculture operating expenses.

March  2017

TS Ag Finance closed a $685,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.60% with Semi-Annual payments. The borrower pledged 73 acres of oranges/olives as collateral and used the funds to Refinance Farm Real Estate.

March  2017

TS Ag Finance closed a $584,500 loan with borrowers located in California. The borrowers chose the 15 Year variable product with a 15 year term and a 25 year amortization. The borrowers chose a Variable rate of 4.30% with Semi-Annual payments. The borrower pledged 19 acres of almonds as collateral and used the funds to Purchase Farm Real Estate.

March  2017

TS Ag Finance closed a $717,000 loan with borrowers located in California. The borrowers chose the 20 Year Fixed product with a 20 year term and a 20 year amortization. The borrowers chose a Fixed rate of 6.23% with Monthly payments. The borrower pledged 181 acre ranch as collateral and used the funds to Refinance Farm Real Estate.

February 2017

TS Ag Finance closed a $420,000 loan with borrowers located in California. The borrowers chose the 25 Year Fixed product with a 25 year term and a 25 year amortization. The borrowers chose a Fixed rate of 5.35% with Semi-Annual payments. The borrower pledged 406 acres of bareland as collateral and used the funds to Refinance Farm Real Estate. 

February 2017

TS Ag Finance closed a $343,750 loan with borrowers located in Iowa. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.49% with Annual payments. The borrower pledged 158 acres of farmland as collateral and used the funds to Refinance Farm Real Estate.  

February 2017

TS Ag Finance closed a $478,000 loan with borrowers located in Iowa. The borrowers chose the AgEquity Revolving Line of Credit product with a 30 year term and a 20 year amortization. The borrowers chose a Variable rate of 3.08% with Semi-Annual payments. The borrower pledged 167 acres of farmland as collateral and used the funds to Purchase Farm Real Estate.

January 2017

TS Ag Finance closed a $330,000 loan with borrowers located in Florida. The borrowers chose the 10 Year Reset product with a 15 year term and a 15 year amortization. The borrowers chose a 10 year Fixed rate of 5.25% that will reset, with Monthly payments. The borrower pledged 5 acres of bare land as collateral and used the funds to Purchase Farm Real Estate. 

January 2017

TS Ag Finance closed a $700,000 loan with borrowers located in Iowa. The borrowers chose the 10 year AgEquity Revolving Line of Credit product with a 30 year term and a 20 year amortization. The borrowers chose a Variable rate of 3.07% with Semi-Annual payments. The borrower pledged 248 Acres of farmland as collateral and used the funds to Purchase Farm Real Estate.

January 2017

TS Ag Finance closed an $810,000 loan with borrowers located in California. The borrowers chose the 30 year fixed product with a 30 year term and a 30 year amortization. The borrowers chose a Fixed rate of 5.85% with Semi-Annual payments. The borrower pledged 45 acres of almonds as collateral and used the funds to Purchase Farm Real Estate. 

January 2017

TS Ag Finance closed a $1,995,000 loan with borrowers located in California. The borrowers chose the 15 Year variable product with a 15 year term and a 25 year amortization. The borrowers chose a Variable rate of 4.26% with Semi-Annual payments. The borrower pledged 114 acres of bare land as collateral and used the funds to Purchase Farm Real Estate.  

January 2017

TS Ag Finance closed a $275,000 loan with borrowers located in California. The borrowers chose the 5 year AgEquity Revolving Line of Credit product with a 30 year term and a 25 year amortization. The borrowers chose a Variable rate of 3.5% with Semi-Annual payments. The borrower pledged 45 acres of almonds as collateral and used the funds for agriculture operating expenses.

January 2017

TS Ag Finance closed a $640,000 loan with borrowers located in California. The borrowers chose the 15 Year Fixed product with a 15 year term and a 15 year amortization. The borrowers chose a Fixed rate of 4.80% with Semi-Annual payments. The borrower pledged 32 acres of almonds as collateral and used the funds to Refinance Farm Real Estate.

September 2016:

TS Ag Finance recently closed a $624,000 AgEquity loan for borrowers located in Arizona. The borrowers plan to use the funds to purchase neighboring properties as they become available. The borrowers are able to use the equity in their existing land base as collateral to purchase new farms. They choose the 10 year draw product and will only be required to make semi-annual interest payments during the draw period. At the end of the draw period, or earlier if the borrower chooses, the loan will be placed on amortizing payments for 20 years. The borrowers were able to take advantage of an initial rate of 3.54%.

September 2016:

TS Ag Finance recently helped a borrower refinance $700,000 their real estate debt. The borrowers chose the 15 year fixed product and were able to drop their interest rates from 7.350% and 5.920% to 4.25% fixed. The borrowers pledged 45 acres of irrigated almonds in California.

June 2016:

TS Ag Finance assisted a borrower in Texas on refinancing debt on his 1700 acres of irrigated and dry crop land in Texas. The term loan was able to drop his interest rate from 5.25% to an initial rate of 3.09%. The borrower choose the 1 Month ARM LIBOR product with a 15 year term and a 25 year amortization. The borrower was also able to use the same collateral for an AgEquity request of $500,000 to help with operating expenses for the upcoming year. Both loans are set up with Semi-Annual payments.

June 2016:

TS Ag Finance recently closed two loans for a borrower in California. The two loans totaled $1,260,000 and are both secured with a 10 acre tract used to grow wine grapes and includes significant improvements. Both loans were term notes. One loan product is a 10 year reset with a 25 year term and amortization. The borrower’s initial rate of 4.57% will be fixed for 10 years, at which time it will reset for an additional 10 year period. The other loan product is a 5 year ARM with a 15 year term and a 25 year maturity. This product has an initial rate of 3.79% and will reset every 5 years for the 15 year term.

June 2016:

TS Ag Finance recently closed two loans for a borrower in Texas. The first loan was to purchase real estate with an amount of $760,000. The borrower chose to take advance of the low short term interest rates the 1 year ARM offers and has an initial rate of 3.25%. The second loan is a $1,900,000 AgEquity that will also be used to purchase real estate and have 35% of the loan proceeds available to draw for business purposes. Both loans are secured with a sizeable tract of ranch land located in Texas. The borrower was able to increase his land base, take advantage of low short term interest rates and have funds available to draw.

June 2016:

TS Ag Finance recently closed a Fast Track loan for $150,000 secured with 19 acres in California. The borrowers are using the funds to refinance real estate debt, cover closing costs and build a shop on the property. The borrowers choose the 5 year ARM product and were able to take advance of special pricing offered through the Fast Track program. Their initial rate for the first 5 years is 3.90%.

June 2016:

TS Ag Finance closed two loans for a borrower in Iowa. Combined the two loans total $973,500 and are both secured with 330 acres of Iowa farm ground. The first loan is a Fast Track that was entirely used to refinance another lender on real estate, machinery and cattle debt. The borrower chose the 5 year ARM product for this loan and was able to lock in a 3.24% rate for the first 5 years. The second loan is an AgEquity and was used to finish the refinance of the other lender’s cattle note as well have over 30% of the loan proceeds available to draw. The initial rate on the AgEquity is 2.69%.

June 2016:

TS Ag Finance recently closed a loan using the 1/10 Split Rate Product. This product is very unique to the market place as it combines the benefits of both a long term fixed product and a short term variable product. The loan balance is equally split between the 1-year LIBOR and the 10-year adjustable. Both loans have a 15 year term and amortization. The borrower also chose to lower the rate on the 10-year adjustable portion by selecting the 3-2-1 Lockout Option. The borrower was able to receive a rate commitment below 4.50%.

June 2016:

TS Ag Finance closed a $690,000 loan for a borrower in California. The loan proceeds will be entirely used to refinance a real estate debt on the 39 acres of citrus. The borrower was able to move into a 30 year fixed product with a fixed rate of 5.15%. TS Ag Finance is proud to offer long term fixed rates ranging from 7-30 years.

June 2016:

TS Ag Finance closed 3 loans for a borrower in California. The three loans totaled just over $1,200,000. The loan proceeds were used to refinance some older Farmer Mac loans as well as additional debt and closing costs. The borrower used a combination of two term loans and the AgEquity 10 year draw product. The borrower choose the 10 year reset with a 20 year term and amortization with an initial rate of 4.53% for one term loan and the 3 year ARM with a 15 year term and amortization with an initial rate of 3.54%. The borrower was able to take advantage of LIBOR, fixed pricing and short term variable pricing with his product choices.

May 2016:

TS Ag Finance recently closed a $550,000 Fast Track loan with borrowers in Missouri. The Fast Track program allows for a quicker turnaround time and choice pricing. The borrowers used their funds to consolidate their real estate and chattel debt. Through the consolidation they were able to decrease their annual debt payments by 50%. The loan structure chosen is a 5 year ARM with a 15 year term and a 25 year amortization. The initial rate of 3.65% is fixed for the first 5 years. Security for the loan is 300 acres of farmland.

April 2016:

TS Ag Finance recently closed an AgEquity loan for borrowers in Texas. The loan amount was $1,565,000 and the majority of the loan proceeds will be drawn at closing to refinance and consolidate all of their real estate debt. The borrower choose the 10 year revolving option with an initial rate of 3.43%. This loan is secured with 230 acres of ranchland in Texas. The loan will be required to make semi-annual interest payments during the draw period. At the end of the draw period the loan will be placed on amortizing payments.

April 2016:

TS Ag Finance recently closed an $800,000 AgEquity loan. A small portion of the loan proceeds were used to refinance real estate debt and cover closing costs while having nearly 90% of the loan proceeds available to draw for business purposes. The borrower chose the 10 year draw product with a 20 year amortization and a 30 year term. The borrower will have interest only payments during the draw period and any remaining balance at the end of that period will be placed on amortizing payments for the remaining 20 years. The initial rate is 3.44%. The borrower pledged 750 acres in their home state of Colorado.

February 2016:

TS Ag Finance was able to assist a borrower with developing a large tract of land in Nevada to wheat and alfalfa plantings. The borrower requested a $510,000 AgEquity Line of Credit to develop the property which includes the cost of drilling wells and purchasing irrigation equipment. TS Ag Finance was able to use the unimproved value of the property to secure the loan which resulted in a 30% loan to value. The borrower will enjoy interest only payments during the 10 year draw period while he develops the land. At the end of the draw period any remaining balance will be placed on amortizing payments for 20 years.

January 2016:

TS Ag Finance recently closed the first Split Rate loan. The borrower was located in California and was looking to refinance their real estate note. The borrower used a combination of the 1 year adjustable, 5 year adjustable, 10 year adjustable, and 15 year adjustable in addition to the 3-2-1 Lockout to arrive at a rate of 4.57%. The borrower enjoys the low variable rate on the 1 year adjustable, but has 17% of the loan balance locked in with the 10 year adjustable and 16% of the loan balance locked in with the 15 year adjustable. At the end of the lockout period, the borrower can prepay any portion of the loan with no potential penalties and can convert the short term portion if rates increase.

December 2015:

TS Ag Finance recently closed a loan in Minnesota for $1,122,000. The loan proceeds were used to purchase a farm and refinance an existing mortgage. The borrower chose a 15 year reset product with a 20 year term and amortization. The loan rate will be fixed at 4.9% for 15 years at which time it will reset for the remaining 5 years.

December 2015:

TS Ag Finance client wished to refinance his real estate loan and use the equity in the collateral to purchase an additional 100 acres in Minnesota. TS Ag Finance was able to assist and provide the borrower with an $800,000 loan on a 15 year VRM product with a 20 year term and matching amortization. The rate will be fixed at 5.1% for the first 15 years and then reset for the remaining 5 years. TS Ag Finance was able to get an approval on the loan within 2 business days.

December 2015:

TS Ag Finance was able to assist a current client with refinancing their existing real estate debt and provided funding for a new almond planting in California. The borrower chose the 5 year ARM product with a 15 year term and a 25 year amortization. The initial rate of 4.14% will be fixed for 5 years. The borrower was able to qualify through the Fast Track program and received choice pricing and a quick turnaround with a 2 day approval.

December 2015:

A California client looked to TS Ag Finance to refinance three real estate notes and take advantage of short term pricing with the 3 year ARM product on a 15 year term. The initial rate is fixed for 3 years at 3.92% and the rate will reset every 3 years, but the client has the option to convert the loan to a different product on any payment date. The borrower pledged 100 acres of irrigated crop land in California. The borrower came back to TS Ag Finance almost a year later and added a $175,000, 5 year draw AgEquity loan that was cross collateralized on the 100 acres already secured. Combined loan to value on the 100 acres is 38%. Adding a second loan at a later date is easy with TS Ag Finance as the existing analysis can be copied and easily updated for a quick approval.

December 2015:

TS Ag Finance closed two loans with a borrower in Iowa. The term loan of $125,000 was used to refinance real estate debt and provide cash out to be used as a down payment on future land purchases. The loan is on a 5 year ARM with semi- annual payment and an initial rate of 4.04% fixed for the first 5 years. The AgEquity loan of $530,000 will be used for future land purchases. The AgEquity loan will have semi-annual interest payments at an initial rate of 2.5% for the first 10 years. At the end of the draw period the loan balance will be placed on amortizing payments for the remaining 20 years. The borrower was able to use the equity in their 150 acres of farmland to potentially grow their land base.

October 2015:

TS Ag Finance closed an AgEquity Line of Credit loan with a client in Iowa. He plans to use the $500,000 funds for operating expenses. The borrower chose the 5 year draw product with a 30 year term. The loan will have semi-annual interest only payments during the draw period. At the end of the draw period, the remaining balance will be placed on amortizing payments for 25 years. The borrower pledged 520 acres of farmland as collateral. In March 2016 the client came back to TS Ag Finance for a term note to refinance real estate and machinery debt. TS Ag Finance was able to use the equity in the 520 acres and cross collateralized the loans for a quick loan closing.

July 2015:

TS Ag Finance closed a loan for $300,000 in Iowa. The borrower wished to refinance intermediate debt with their previous bank and pledge 160 acres as security. The loan was placed on a 5 year ARM with a 15 year term and amortization. Due to their financial strength, the borrower received discounted pricing and closed with a rate of 3.75% locked in for the first 5 years. This product will completely term out, with no balloons.

June 2015:

TS Ag Finance assisted a client in Iowa with lowering his real estate mortgage rate from 5.75% to 4.95% using a 15 year reset product with a 25 year term and amortization. The loan will be fixed for 15 years at 4.95% and then reset for the remaining term, with no balloon payment. The borrower was able to cross collateralize his real estate term note with a $250,000 AgEquity Line of Credit for a combined Loan to Value of 45% on 480 acres of farmland. Between the two loans the borrower was able to lower his annual debt payments by $62,000.

January 2015:

TS Ag Finance recently closed 2 loans for one borrower in Texas, secured with the same property. For one of the loans, the borrower chose TS Ag Finance’s AgEquity Revolving Line of Credit. This product allows the borrower to have a 10 year draw line of credit, with no annual renewals and a 30 year term. At the end of the 10 year draw period, any remaining balance will be placed on amortizing payments for the remaining 20 years. The borrower can use the line of credit for business purposes and enjoy LIBOR pricing during the draw period.