0000914121-11-000255.txt : 20110824 0000914121-11-000255.hdr.sgml : 20110824 20110824124927 ACCESSION NUMBER: 0000914121-11-000255 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110824 DATE AS OF CHANGE: 20110824 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DBUBS 2011-LC3 Mortgage Trust CENTRAL INDEX KEY: 0001527531 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-172143-01 FILM NUMBER: 111053400 BUSINESS ADDRESS: STREET 1: ONE INTERNATIONAL PLACE STREET 2: ROOM 520 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517690 MAIL ADDRESS: STREET 1: ONE INTERNATIONAL PLACE STREET 2: ROOM 608 CITY: BOSTON STATE: MA ZIP: 02110 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE MORTGAGE & ASSET RECEIVING CORP CENTRAL INDEX KEY: 0001013454 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 043310019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE INTERNATIONAL PLACE STREET 2: ROOM 520 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517690 MAIL ADDRESS: STREET 1: ONE INTERNATIONAL PLACE STREET 2: ROOM 608 CITY: BOSTON STATE: MA ZIP: 02110 FWP 1 db20110823-fwp.htm FREE WRITING PROSPECTUS db20110823-fwp.htm

 
 
 
 
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-172143 and 333-172143-01
August 9, 2011
 
 
DBUBS 2011-LC3 -- NEW ISSUE CMBS
***PUBLIC OFFERING***

JOINT BOOKRUNNERS / CO-LEAD MANAGERS: DEUTSCHE BANK & UBS SECURITIES
CO-MANAGERS: LADDER CAPITAL SECURITIES, J.P. MORGAN & NOMURA SECURITIES
RATING AGENCIES: FITCH & MOODY'S

 
***OFFERED CERTIFICATES***
CLASS
RATING (F/M)
SIZE (MM)
C/E
WAL
LTV
DY
A-1
AAA/Aaa
97.779
30.00%
2.78
40.6%
18.3%
A-2FX
AAA/Aaa
571.771
30.00%
4.74
40.6%
18.3%
A-3
AAA/Aaa
97.268
30.00%
6.83
40.6%
18.3%
A-4
AAA/Aaa
112.102
30.00%
9.72
40.6%
18.3%
 
***NON-OFFERED CERTIFICATES (PRIVATE)***
CLASS
RATING (F/M)
SIZE (MM)
C/E
WAL
LTV
DY
A-2FL
AAA/Aaa
100.000
30.00%
4.74
40.6%
18.3%
A-M
AAA/Aaa
127.609
20.88%
9.84
45.9%
16.2%
B
AA/Aa2
75.167
15.50%
9.86
49.0%
15.1%
C
A/A2
54.190
11.63%
9.86
51.3%
14.5%
D
BBB-/Baa3
73.419
6.38%
9.86
54.3%
13.7%
 
POOL BALANCE:
 
$1.398BN
NUMBER OF LOANS:
43
NUMBER OF PROPERTIES:
64
WA CUT-OFF LTV:
58.0%
WA UNDERWRITTEN DSCR:
1.71X
WA UNDERWRITTEN DEBT YIELD:
12.8%
WA MORTGAGE INTEREST RATE:
5.53%
WA AVG TERM TO MATURITY (MOS):
85
 
TOP 5 PROPERTY TYPES: OFFICE 38.6%, RETAIL 24.1%, HOSPITALITY 22.3%,
MULTIFAMILY 9.5% & MIXED USE 2.1%
TOP 5 STATES: NY 19.0%, CA 15.7%, TX 15.1%, DE 6.7% & FL 6.5%
AMORTIZATION TYPE: AMORTIZING BALLOON 56.4%, PARTIAL INTEREST ONLY 35.4% &
INTEREST ONLY 8.3%
TOP 10 LOANS AS A % OF POOL: 63.1%

 
MASTER SERVICER: WELLS FARGO BANK, NA
SPECIAL SERVICER: MIDLAND LOAN SERVICES
OPERATING ADVISOR:TRIMONT RE ADVISORS
DIRECTING HOLDER: CBRE

 
ANTICIPATED TIMING:
- TERM SHEET & ANNEX A-1: ATTACHED
- INVESTOR GROUP MEETINGS: TODAY 8/9 (SEND RSVP TO DESK)
HARTFORD            12PM LUNCH
BOSTON                  4PM RECEPTION
MINNEAPOLIS      9AM BREAKFAST
CHICAGO                4PM RECEPTION
- INVESTOR MEETINGS AVAILABLE UPON REQUEST (CONTACT SALES COVERAGE)
- INVESTOR RECORDED CALL: 8/10
- ANTICIPATED PRICING: WEEK OF 8/8
- ANTICIPATED SETTLEMENT: 8/30

 
DEUTSCHE BANK TRADING DESK CONTACTS:
MATT BORSTEIN
212-250-5149
LEE LEVY
212-250-5149
BROOKS SCHOLL
212-250-5149
  
UBS TRADING DESK CONTACTS:
DAVID MCNAMARA
212-713-6189
DARREN KING
212-713-6189
NICK GALEONE
212-713-8832
 
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Investors are urged to read the final prospectus supplement relating to these securities because it contains important information regarding the offering that is not included herein. The issuer, any underwriter or any dealer participating in the offering will arrange to send you the final prospectus supplement if you request it by calling toll-free 1-800-503-4611 or e-mailing a request to prospectus.cpdg@db.com.

 
The asset-backed securities referred to in these materials, and the asset pools backing them, are subject to modification or revision (including the possibility that one or more classes of securities may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis. You understand that, when you are considering the purchase of these securities, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have confirmed the allocation of securities to be made to you; any "indication of interest" expressed by you, and any "soft circles" generated by us, will not create binding contractual obligations for you or us.

 
Because the asset-backed securities are being offered on a "when, as and if issued" basis, any such contract will terminate, by its terms, without any further obligation or liability between us, if the securities themselves, or the particular class to which the contract relates, are not issued. Because the asset-backed securities are subject to modification or revision, any such contract also is conditioned upon the understanding that no material change will occur with respect to the relevant class of securities prior to the closing date. If a material change does occur with respect to such class, our contract will terminate, by its terms, without any further obligation or liability between us (the "Automatic Termination"). If an Automatic Termination occurs, we will provide you with revised offering materials reflecting the material change and give you an opportunity to purchase such class. To indicate your interest in purchasing the class, you must communicate to us your desire to do so within such timeframe as may be designated in connection with your receipt of the revised offering materials.

 
The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Deutsche Bank Securities Inc. and the other underwriters make no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials should not be relied upon for such purposes. The underwriters and their respective affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and subject to change. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities.

 
The issuer has filed a registration statement (including a prospectus) with the SEC (registration statement file no. 333-172143) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or you e-mail a request to prospectus.cpdg@db.com. The securities may not be suitable for all investors. Deutsche Bank Securities Inc. and the other underwriters and their respective affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.

 
IRS CIRCULAR 230 NOTICE: THIS MATERIAL IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS MATERIAL IS WRITTEN AND PROVIDED BY THE UNDERWRITERS IN CONNECTION WITH THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.

 
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA
BLOOMBERG OR ANOTHER EMAIL SYSTEM.