Commercial Mortgage Loan

The Commercial Mortgage Loan

SNIEDC gained approval from Tribal Council in 2015 for the Commercial Mortgage Guidelines which provide a leasing structure on real property within the Seneca Nation Territories.  Traditional lenders will not enter into commercial mortgages on tribal land, due to tribal sovereignty, they are not legally able to foreclose on the property should the loan fail. Because SNIEDC is chartered by the Seneca Nation of Indians, it is uniquely positioned to be able to make secured commercial mortgages on tribal land. SNIEDC borrowers can purchase property on territory for a business or leverage their current property for financing.

The Commercial Mortgage Loan is intended for business property acquisition of land, buildings, new construction and renovation of real property on the Seneca Nation territories. The particular features of the Commercial Mortgage Loan are listed below:

Minimum
Maximum
Loan Limits
$75,000
$375,000
Fixed Interest Rate
4.25%
8.25%
Term of Repayment
up to
20 years
Loan ApplicationLoan Description

SNIEDC’s Business Strategist is available to provide free one-on-one counseling through the development of your business plan to ensure that you are on the best footing when you begin your business.

Contact SNIEDC office to arrange an appointment:

90 Ohi:yo Way, PO Box 437
Salamanca, NY 14779
Phone: (716) 945-7148
Fax: (716)945-8556
Email: [email protected]

Icon of building with money
Seneca Nation of Indians flag

Contact Us

Please complete the contact form and we’ll be in touch.