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.




 
-------------------------------------------------------------------------------
This communication has been prepared by RBS plc, RBS N.V. or affiliate. It may constitute an invitation to consider a derivatives transaction. It is not within the requirements to promote the independence of research or an offering document and is not an offer, recommendation, nor confirmation of terms. Certain transactions mentioned may give rise to substantial risks and may not be suitable for all investors. RBS may have positions, deal or make markets in these securities or related derivatives. Prices are based on current information and are subject to change. RBS makes no representation or warranties to accuracy or completeness. http://www.rbsm.com/psp/public/pagebuilder.aspx?page=co0150