-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JPIQ9uLSqhuz8AqodN0vLGReNMEEzxz77MlxelvjEdwMnaHy/Nunk4+KH8jPaClv /BjKP6b9jkp++f8S1oYF8A== 0000914121-07-001396.txt : 20070605 0000914121-07-001396.hdr.sgml : 20070605 20070605104758 ACCESSION NUMBER: 0000914121-07-001396 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070605 DATE AS OF CHANGE: 20070605 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wachovia Bank Commercial Mortgage Trust, Series 2007-C32 CENTRAL INDEX KEY: 0001401794 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-131262-09 FILM NUMBER: 07899693 BUSINESS ADDRESS: STREET 1: 201 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 02110 BUSINESS PHONE: 7043746828 MAIL ADDRESS: STREET 1: 201 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC CENTRAL INDEX KEY: 0000850779 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 561643598 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 201 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 02110 BUSINESS PHONE: 7043746828 MAIL ADDRESS: STREET 1: 201 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19960520 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19951013 FWP 1 wa8907326-fwp.txt FREE WRITING PROSPECTUS Free Writing Prospectus Filed Pursuant to Rule 433 File No.: 333-131262-09 This material is for your private information, and none of Wachovia Capital Markets, LLC and Nomura Securities International, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is 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. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriters or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates to be made to you; any "indications of interest" expressed by you, and any "soft circles" generated by us, will not create binding contractual obligations for you or us. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriters will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA BANK COMMERCIAL MORTGAGE TRUST SERIES 2007-C32 Certain Information Regarding Multifamily Mortgaged Properties
Control ID Loan Seller Property Name Property Address Property City - ------------ ----------- ---------------------------------------- -------------------------------- ------------- 502860408 Wachovia Mountain Shadow Apartments 695 East Patriot Boulevard Reno 502860406 Wachovia Summit Trails Apartments 1350 Grand Summit Drive Reno 502859891 Wachovia Estancia Apartments 1720 East D Street Ontario 502860449 Wachovia Le Coeur du Monde Apartments 2035 Clermont Crossing Drive Saint Louis 502860360 Wachovia Chartwell Court Apartments 15100 Ella Boulevard Houston 502860437 Wachovia Deerwood Crossing Apartments 1710 Franciscan Terrace Winston-Salem 502860415 Wachovia Dutch Village Apartments 1500 Zuider Zee Drive Winston-Salem 502859357 Wachovia Village Square Apartments 100 Tonto Trail Lafayette 502860030 Wachovia 5724-32 South Blackstone Avenue 5724-32 South Blackstone Avenue Chicago 502860273 Wachovia 4717 North Winthrop Apartments 4717 North Winthrop Avenue Chicago 502859657 Wachovia The Renaissance 100 John Street New York 502858868 Wachovia Arbors at Broadlands 21411 Deepwoods Terrace Ashburn 502859688 Wachovia Azul at Spectrum Apartments 3134 South Market Street Gilbert 502859690 Wachovia Borrego at Spectrum Apartments 3004 South Market Street Gilbert 502859429 Wachovia Environs Residential Rental Community 3323 West 96th Circle Westminster 502860470 Wachovia Porto Bella 10853 Firestone Boulevard Norwalk 502860552 Wachovia Little Rock Pool Various Little Rock 502860552 0 Chenal Lakes Apartments 13500 Chenal Parkway Little Rock 502860552 0 Brightwaters Apartments 2420 Riverfront Drive Little Rock 509850640 Wachovia Town Center Apartments 2727 Bens Branch Drive Kingwood 502859519 Wachovia The Gates at Citiplace Apartments 2500 Gates Circle Baton Rouge 502860544 Wachovia The Apartments at 1515 West Morse Avenue 1515 West Morse Avenue Chicago 502859654 Wachovia 7400 Apartments 7400 Roosevelt Boulevard Philadelphia 502859655 Wachovia Imperial Towers Apartments 3801 Conshohocken Avenue Philadelphia 502859724 Wachovia Stanford Place II Apartments 37 Van Mark Way Saint Louis 502859280 Wachovia The Centre Apartments 5200 Croyden Avenue Kalamazoo 502859147 Wachovia 100 Midtown - Student Apartments 100 10th Street, NW Atlanta 502855299 Wachovia Pine Winds Apartments 1301 Pine Winds Drive Garner 502859565 Wachovia The Arbors at Port Warwick 1100 William Styron Square South Newport News 502859573 Wachovia Amber Place 6080 Lakeview Road Warner Robins 509850575 Wachovia Villa del Oso 4217 Louisiana Boulevard NE Albuquerque 502861032 Wachovia Vista Montana 8000 Montgomery Boulevard NE Albuquerque 502860703 Wachovia Colony Grove Apartments 1145 West Baseline Road Tempe 010-00002027 Artesia Sunnygate Village Apartments 10120 Woodbury Drive Manassas 010-00001962 Artesia Fountain Park Apartments 12525 South Kirkwood Road Stafford 010-00001998 Artesia Clearwater Estates III and IV 6887 and 6889 Clearwater Road Baxter General Property Control ID County Property State Property Zip Code Type Specific Property Type - ------------ ----------------- -------------- ----------------- ---------------- ------------------------------------ 502860408 Washoe NV 89511 Multifamily Conventional 502860406 Washoe NV 89523 Multifamily Conventional 502859891 San Bernardino CA 91764 Multifamily Conventional 502860449 Saint Louis MO 63146 Multifamily Conventional 502860360 Harris TX 77090 Multifamily Conventional 502860437 Forsyth NC 27127 Multifamily Conventional 502860415 Forsyth NC 27127 Multifamily Conventional 502859357 Tippecanoe IN 47905 Multifamily Conventional 502860030 Cook IL 60637 Multifamily Conventional 502860273 Cook IL 60640 Multifamily Conventional 502859657 New York NY 10038 Multifamily Conventional 502858868 Loudoun VA 20148 Multifamily Conventional 502859688 Maricopa AZ 85296 Multifamily Conventional 502859690 Maricopa AZ 85296 Multifamily Conventional 502859429 Adams CO 80031 Multifamily Single Family/Conventional/Townhomes 502860470 Los Angeles CA 90650 Multifamily Conventional 502860552 Pulaski AR Various Multifamily Conventional 502860552 Pulaski AR 72211 Multifamily Conventional 502860552 Pulaski AR 72202 Multifamily Conventional 509850640 Harris TX 77339 Multifamily Conventional 502859519 East Baton Rouge LA 70809 Multifamily Conventional 502860544 Cook IL 60626 Multifamily Conventional 502859654 Philadelphia PA 19152 Multifamily Conventional 502859655 Philadelphia PA 19131 Multifamily Conventional 502859724 Saint Louis MO 63144 Multifamily Conventional 502859280 Kalamazoo MI 49009 Multifamily Student Housing 502859147 Fulton GA 30309 Multifamily Student Housing 502855299 Wake NC 27603 Multifamily Conventional 502859565 Newport News City VA 23606 Multifamily Independent Living 502859573 Houston GA 31088 Multifamily Conventional 509850575 Bernalillo NM 87109 Multifamily Conventional 502861032 Bernalillo NM 87109 Multifamily Conventional 502860703 Maricopa AZ 85283 Multifamily Conventional 010-00002027 Prince William VA 20109 Multifamily Conventional 010-00001962 Fort Bend TX 77477 Multifamily Conventional 010-00001998 Crow Wing MN 56425 Multifamily Conventional Cut-Off Date Cut-Off Date Loan Amount Per Control ID Loan Balance ($) (Unit) Mortgage Rate Origination Date UW NOI DSCR (x) UW NCF DSCR (x) - ------------ ---------------- --------------- ------------- ---------------- --------------- --------------- 502860408 35,572,500 88,051 5.8100% 05/29/07 1.29x 1.29x 502860406 30,175,000 94,890 5.8100% 05/25/07 1.25x 1.25x 502859891 17,650,000 116,118 6.1500% 04/30/07 1.24x 1.20x 502860449 13,056,000 68,000 5.6500% 04/24/07 1.36x 1.28x 502860360 12,450,000 51,235 5.1800% 05/25/07 1.37x 1.29x 502860437 10,400,000 36,491 5.7200% 04/30/07 1.37x 1.29x 502860415 7,100,000 34,975 5.7200% 04/30/07 1.30x 1.22x 502859357 5,560,000 27,255 5.7400% 04/18/07 1.63x 1.45x 502860030 4,600,000 73,016 5.7800% 05/03/07 1.27x 1.22x 502860273 3,100,000 60,784 5.7500% 05/15/07 1.26x 1.20x 502859657 93,000,000 420,814 5.6700% 04/24/07 1.22x 1.22x 502858868 50,375,000 209,896 5.6400% 02/06/07 1.22x 1.20x 502859688 41,650,000 115,694 5.6200% 03/29/07 1.23x 1.20x 502859690 30,550,000 115,720 5.6200% 03/29/07 1.24x 1.21x 502859429 31,000,000 97,484 5.8300% 04/25/07 1.27x 1.27x 502860470 13,200,000 126,923 5.6500% 04/30/07 1.23x 1.20x 502860552 40,000,000 56,180 5.4800% 05/09/07 1.51x 1.42x 502860552 502860552 509850640 34,000,000 65,637 5.6800% 05/10/07 1.46x 1.42x 502859519 33,700,000 91,328 5.6500% 05/07/07 1.55x 1.50x 502860544 4,700,000 71,212 5.9300% 05/10/07 1.33x 1.27x 502859654 7,400,000 37,755 5.5500% 04/30/07 1.85x 1.73x 502859655 8,080,000 43,441 5.5500% 04/30/07 1.49x 1.33x 502859724 4,350,000 52,410 5.5700% 03/29/07 1.42x 1.35x 502859280 19,875,000 85,668 5.6000% 02/28/07 1.39x 1.32x 502859147 18,000,000 152,542 5.7400% 03/07/07 1.34x 1.30x 502855299 11,600,000 53,704 5.6600% 03/29/07 1.44x 1.35x 502859565 11,278,294 117,482 5.7800% 04/11/07 1.45x 1.42x 502859573 26,000,000 66,327 5.8000% 04/27/07 1.26x 1.20x 509850575 16,180,000 51,859 5.7900% 04/30/07 1.42x 1.35x 502861032 10,820,000 50,093 5.7900% 04/30/07 1.47x 1.40x 502860703 10,700,000 63,314 5.7500% 05/18/07 1.28x 1.28x 010-00002027 10,250,000 77,652 5.6300% 06/06/07 1.20x 1.15x 010-00001962 6,700,000 38,068 5.7300% 05/22/07 1.28x 1.17x 010-00001998 3,735,000 62,250 5.9900% 06/01/07 1.19x 1.15x Original Term to Cut-Off Date LTV Maturity or ARD Original Amort Interest-Only Number of Studio Control ID Ratio (Mos.) Term (Mos.) Period Number of Units Units - ------------ ---------------- ---------------- -------------- ------------- --------------- ---------------- 502860408 77.0% 60 IO 60 404 502860406 78.4% 60 IO 60 318 502859891 72.3% 60 IO 60 152 502860449 79.1% 120 IO 120 192 502860360 75.0% 120 360 60 243 502860437 80.0% 120 360 60 285 502860415 79.3% 120 360 60 203 502859357 79.4% 120 IO 120 204 502860030 73.0% 120 IO 120 63 42 502860273 79.5% 120 IO 120 51 17 502859657 78.8% 60 IO 60 221 184 502858868 78.2% 120 IO 120 240 502859688 74.6% 120 IO 120 360 502859690 73.8% 120 IO 120 264 502859429 78.1% 120 IO 120 318 502860470 80.0% 120 IO 120 104 502860552 80.0% 120 IO 120 712 502860552 456 502860552 256 509850640 79.9% 120 IO 120 518 502859519 79.3% 120 IO 120 369 502860544 75.8% 120 IO 120 66 19 502859654 63.0% 120 IO 120 196 502859655 64.1% 120 IO 120 186 42 502859724 79.8% 120 IO 120 83 1 502859280 79.8% 120 IO 120 232 502859147 76.6% 60 IO 60 118 502855299 80.0% 120 IO 120 216 502859565 53.7% 120 360 0 96 7 502859573 78.8% 120 IO 120 392 509850575 79.3% 60 IO 60 312 502861032 80.2% 60 IO 60 216 502860703 76.4% 120 IO 120 169 6 010-00002027 70.7% 120 360 60 132 010-00001962 80.0% 120 360 0 176 8 010-00001998 79.0% 120 360 0 60 Average Average Contract Number Contract Rent - Studio Number of 1 BR Average Contract of 2 BR Average Contract Number of 3 BR Rent - 3 Control ID Units Units Rent - 1 BR Units Units Rent - 2 BR Units Units BR Units - ------------ ---------------- -------------- ----------------- ------- ----------------- -------------- --------- 502860408 144 810 228 973 32 1,345 502860406 160 780 150 985 5 1,155 502859891 50 947 102 1,174 502860449 96 797 96 962 502860360 81 806 162 942 502860437 76 447 135 553 74 668 502860415 16 446 169 532 18 666 502859357 84 459 98 562 22 637 502860030 721 21 900 502860273 521 33 661 1 790 502859657 2,503 31 3,366 5 4,510 502858868 95 1,422 121 1,581 24 1,675 502859688 168 894 180 1,112 12 1,375 502859690 120 898 132 1,128 12 1,375 502859429 83 849 165 1,093 70 1,152 502860470 104 1,125 502860552 Various Various Various Various Various Various 502860552 188 508 226 731 42 985 502860552 176 536 80 623 509850640 238 736 280 926 1,409 502859519 186 1,033 146 1,123 37 1,596 502860544 600 35 677 12 846 502859654 78 800 117 850 1 925 502859655 713 102 870 42 1,016 502859724 580 20 638 59 717 3 997 502859280 40 639 24 918 60 1,227 502859147 71 1,454 502855299 72 630 96 720 48 810 502859565 1,891 49 2,445 40 3,094 502859573 96 666 264 758 32 880 509850575 132 520 180 635 502861032 84 580 108 690 24 880 502860703 824 82 684 81 805 010-00002027 44 899 88 1,112 010-00001962 480 104 569 48 710 16 835 010-00001998 16 699 40 787 4 919 Number of Under Number Average Contract Renovation, of 4 BR Average Contract Number of 4+ BR Rent - 4+ BR Model or Rental Utilities Tenant Control ID Units Rent - 4 BR Units Units Units Office Units Occupancy Rate Pays - ------------ ------- ----------------- --------------- ---------------- --------------- -------------- ---------------- 502860408 93.0% E,G 502860406 95.0% E,G 502859891 96.7% E,G 502860449 96.3% E,G,T 502860360 91.4% E,W,S,T 502860437 95.1% E 502860415 95.1% E 502859357 87.7% E,G 502860030 95.2% E,G,W,S 502860273 98.0% 502859657 1 11,426 99.1% 502858868 57.1% E,G,W,S 502859688 35.0% E,G,W,S,T 502859690 34.1% E,W,S,T 502859429 90.6% E,G,W,S,T 502860470 90.4% E,G,W,S,T 502860552 93.8% Various 502860552 89.1% E,G,W,S 502860552 94.4% E 509850640 96.3% 502859519 91.3% E 502860544 98.5% E 502859654 99.5% E 502859655 96.2% E,G,W 502859724 95.2% E 502859280 108 1,593 89.9% E 502859147 47 2,477 89.7% E,G,W 502855299 93.1% E,W,S 502859565 89.6% E,G,W,S 502859573 83.9% E,G,S 509850575 92.6% E 502861032 96.3% 502860703 93.5% E,G,W,S,T 010-00002027 86.4% E 010-00001962 94.3% E,W 010-00001998 91.7% E Total Gross Total Gross Income from Total Number of Average Contract Number of RV Income from RV Retail and UW Total Control ID Elevators Pads Rent per Pads Sites Sites Commercial Uses Revenues ($) - ------------ --------- --------------- ---------------- ------------ -------------- --------------- ------------ 502860408 N 1,680,124 502860406 N 1,296,929 502859891 N 849,979 502860449 N 878,238 502860360 N 1,293,403 502860437 N 801,594 502860415 N 591,358 502859357 N 668,297 502860030 N 206,291 502860273 Y 159,741 502859657 Y 3,247,284 502858868 N 1,196,754 502859688 N 1,468,826 502859690 N 1,092,776 502859429 N 1,945,535 502860470 N 429,847 502860552 N 1,932,576 502860552 N 1,310,548 502860552 N 622,028 509850640 N 2,367,702 502859519 N 1,467,381 502860544 Y 194,515 502859654 Y 1,063,562 502859655 Y 1,261,663 502859724 N 291,898 502859280 N 1,634,053 502859147 Y 1,445,021 502855299 N 772,060 502859565 Y 1,931,672 502859573 N 1,446,729 509850575 N 851,287 502861032 N 769,485 502860703 N 561,140 010-00002027 N 644,425 010-00001962 N 605,275 010-00001998 N 198,137
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