0001539497-14-001426.txt : 20141120 0001539497-14-001426.hdr.sgml : 20141120 20141120133256 ACCESSION NUMBER: 0001539497-14-001426 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141120 DATE AS OF CHANGE: 20141120 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WFRBS Commercial Mortgage Trust 2014-C25 CENTRAL INDEX KEY: 0001623838 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-197550-02 FILM NUMBER: 141238470 BUSINESS ADDRESS: STREET 1: 600 STEAMBOAT RD CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036252756 MAIL ADDRESS: STREET 1: 600 STEAMBOAT RD CITY: GREENWICH STATE: CT ZIP: 06830 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RBS COMMERCIAL FUNDING INC. CENTRAL INDEX KEY: 0001112998 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 061565524 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 600 STEAMBOAT RD CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036252756 MAIL ADDRESS: STREET 1: 600 STEAMBOAT RD CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: GREENWICH CAPITAL COMMERCIAL FUNDING CORP DATE OF NAME CHANGE: 20000426 FWP 1 n391_fwpx10.htm FREE WRITING PROSPECTUS Unassociated Document
 
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-197550-02
     
 

-----Original Message-----
From: Rbs Abs Syndicate (RBS SECURITIES INC) [mailto:rbsgc.abs@bloomberg.net]
Sent: Tuesday, November 18, 2014 2:49 PM
Subject: NEW ISSUE CMBS: WFRBS 2014-C25 *PUBLIC PRICING DETAILS*

WFRBS COMMERCIAL MORTGAGE TRUST 2014-C25 - PUBLIC NEW ISSUE **PRICING DETAILS**

CO-LEAD MANAGERS & JT BOOKRUNNERS: RBS AND WELLS FARGO SECURITIES
CO-MANAGER: DEUTSCHE BANK SECURITIES

OFFERED CERTIFICATES - PUBLIC
CLASS
D/MDY/MSTR
$SIZE(MM)
WAL
C/E
SPD
CPN%
YLD%
$PX
A-1
AAA(sf)/Aaa(sf)/AAA
31.829
3.02
30.000%
36
1.518
1.5034
  99.9975
A-2
AAA(sf)/Aaa(sf)/AAA
42.716
4.96
30.000%
55
2.932
2.2784
102.9971
A-3
AAA(sf)/Aaa(sf)/AAA
35.436
6.93
30.000%
85
3.429
2.9471
102.9964
A-4
AAA(sf)/Aaa(sf)/AAA
210.000  
9.82
30.000%
  
3.365
3.2532
100.9921
A-5
AAA(sf)/Aaa(sf)/AAA
235.930  
9.93
30.000%
85
3.631
3.2831
102.9935
A-SB
AAA(sf)/Aaa(sf)/AAA
57.125
7.44
30.000%
75
3.369
2.9170
102.9999
A-S
AAA(sf)/Aa1(sf)/AAA
73.345
9.93
21.625%
120
3.984
3.6331
102.9956
B
AA(low)(sf)/Aa3(sf)/AA-
38.315
9.93
17.250%
145
4.236
3.8831
102.9979
C
A(low)(sf)/A3(sf)/A-
29.557
9.93
13.875%
197
4.326
4.4031
  99.9998
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS
D/MDY/MSTR
$SIZE(MM)
WAL
C/E
        
D
BBB(low)(sf)/NR/BBB-
61.304
9.96
6.875%
        

COLLATERAL SUMMARY

CUT-OFF DATE BALANCE:
$875,766,284
NUMBER OF LOANS:
59
NUMBER OF PROPERTIES:
73
WA CUT-OFF LTV:
62.0%
WA BALLOON LTV:
55.0%
WA U/W DSCR:
1.91x
WA U/W NOI DEBT YIELD:
11.3%
WA MORTGAGE RATE:
4.411%
TOP TEN LOANS %:
56.4%
WA TERM TO MATURITY (MOS):
114
WA AMORTIZATION TERM (MOS):   
357
WA SEASONING (MOS):
1
   
LOAN SELLERS:
WFB (42.6%), RBS (17.0%), RIALTO (16.8%),
 
SPREF (12.1%), BASIS (6.4%), C-III (4.1%)
 
LIG I (1.1%)
   
TOP 5 PROPERTY TYPES:
MULTIFAMILY (32.5%), RETAIL (31.0%),
 
OFFICE (11.5%), HOSPITALITY (10.3%),
 
OTHER (5.9%)
   
TOP 5 STATES:
FL(14.6%), TX(12.8%), CO(11.4%), OH(10.3%), MO(8.6%)
   
MASTER SERVICER:
WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:
CWCAPITAL ASSET MANAGEMENT, LLC
SUBORDINATE CLASS REP:
AN AFFILIATE OF SEER CAPITAL MANAGEMENT, LP
   
ANTICIPATED SETTLEMENT:
DECEMBER 12, 2014

The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base 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, RBS Securities Inc. will arrange to send you the base prospectus at no charge if you request it by calling 1-866-884-2071.




 
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