Our first mortgage loans were on three properties just blocks from the original Prudential offices in downtown Newark, NJ. Historically, we did traditional life company/portfolio lending from Prudential's General Account, investing billions of dollars annually in commercial mortgages on behalf of our own investment portfolios.
Today, Prudential Mortgage Capital Company’s Tokyo Branch is actively extending commercial mortgage loans on behalf of a Japanese life insurance company of Prudential Financial, Inc.
through "Prudential Mortgage Asset Holdings 1 Japan Investment Business Limited Partnership" (Registered Money Lender: Governor of Tokyo Metropolitan Government (2) 31253) (the "Partnership"). Our loans provided through the Partnership are primarily long-term fixed-rate under customized structures that offer great flexibility to our borrowers. We are confident that our products are well perceived and highly valuable for borrowers in the Japanese real estate market.