0000914121-11-000395.txt : 20111026 0000914121-11-000395.hdr.sgml : 20111026 20111026142106 ACCESSION NUMBER: 0000914121-11-000395 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111026 DATE AS OF CHANGE: 20111026 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WFRBS Commercial Mortgage Trust 2011-C5 CENTRAL INDEX KEY: 0001532826 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: 333-172366-01 FILM NUMBER: 111158720 BUSINESS ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO 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: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FORMER COMPANY: FORMER CONFORMED NAME: WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 20020304 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 we20111026-fwp.htm FREE WRITING PROSPECTUS we20111026-fwp.htm
 

Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No.: 333-172366


WFRBS COMMERCIAL MORTGAGE TRUST 2011-C5 - PUBLIC NEW ISSUE $763.8MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES and RBS
CO-MANAGERS: CITIGROUP, GOLDMAN, SACHS & CO

OFFERED CERTIFICATES - PUBLIC
CLASS
F/MDYs
SIZE($MM)
WAL(YRS)
C/E
CUM LTV
NOI DY
A-1
AAA(sf)/Aaa(sf)
 66.527
2.45
30.000%
43.5%
16.0%
A-2
AAA(sf)/Aaa(sf)
118.410
4.75
30.000%
43.5%
16.0%
A-3
AAA(sf)/Aaa(sf)
107.908
7.42
30.000%
43.5%
16.0%
A-4
AAA(sf)/Aaa(sf)
470.955
9.72
30.000%
43.5%
16.0%

NON-OFFERED CERTIFICATES - PRIVATE (144A)
A-S
AAA(sf)/Aaa(sf)
85.928
9.81
22.125%
48.4%
14.4%
B
AA(sf)/Aa2(sf)
54.557
9.86
17.125%
51.5%
13.5%
C
A(sf)/A2(sf)
40.918
9.90
13.375%
53.8%
12.9%
D
BBB+(sf)/Baa1(sf)
25.915
9.90
11.000%
55.3%
12.6%
E
BBB-(sf)/Baa3(sf)
49.101
9.92
 6.500%
58.1%
12.0%
COLLATERAL SUMMARY

CUT-OFF DATE BALANCE:
$1.091B
NUMBER OF LOANS:
75
NUMBER OF PROPERTIES:
98
WA CUT-OFF LTV:
63.0%
WA BALLOON LTV:
53.8%
WA U/W DSCR:
1.47x
WA U/W NOI DEBT YIELD:
11.2%
WA MORTGAGE RATE:
5.744%
TOP TEN LOANS %:
57.0%
WA TERM TO MATURITY (MOS):
110
WA AMORTIZATION TERM (MOS):
343
WA SEASONING (MOS):
2


LOAN SELLERS:  RBS (67.9%), WFB (14.0%), BASIS (8.1%), C-III (5.1%), GE (4.9%)

TOP 5 PROPERTY TYPES: RETAIL (46.0%), HOSPITALITY (12.5%), OFFICE (12.0%), MIXED USE (9.0%), SELF STORAGE (7.7%)

TOP 5 STATES:  TX (35.3%), CA (11.1%), NY (9.4%), MI (6.4%), NC (5.0%)

MASTER SERVICER:  WELLS FARGO BANK
SPECIAL SERVICER: MIDLAND LOAN SERVICES
SUBORDINATE CLASS REP: RIALTO CAPITAL

DOCUMENTS & TIMING
  
TERM SHEET, Red, Annex:
ATTACHED
PRESALE REPORTS:
Wed, 10/26
ANTICIPATED PRICING:
Next week
ANTICIPATED SETTLEMENT:
November 22, 2011

ROADSHOW
   
  HARTFORD, BREAKFAST:
THUR, 10/27 @  8:30PM, MARRIOTT DT
  BOSTON, LUNCH:
THUR, 10/27 @ 12:30PM, LANGHAM
   
  MINNEAPOLIS, BREAKFAST:
FRI,  10/28 @ 7:30AM, GRAND HOTEL
  CHICAGO, LUNCH:
FRI,  10/28 @ 1:30PM, WELLS FARGO OFFICE
   
  NEW YORK 1x1's:
FRIDAY, 10/28
  CONFERENCE CALLS:
UPON DEMAND                                                                      GLOBAL INVESTOR CALL
DATE:
WED, 10/26
TIME:
3:30PM
US DIAL-IN:
877-790-1139
INTERNATIONAL DIAL-IN:
706-643-4187
PASSCODE:
22806246

Wells Fargo Commercial Mortgage Securities, Inc., as depositor, has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-172366) 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 for more complete information about the depositor, the issuing entity 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 underwriter, 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 (8 a.m. – 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.

Nothing in this communication constitutes an offer of securities for sale in any other jurisdiction where the offer or sale is not permitted.  The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.  These materials are subject to change, completion, supplement or amendment from time to time.

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This information is prepared for informational purposes only and further distribution is prohibited. Not an offer, recommendation or solicitation to buy or sell, nor an official confirmation of terms. Prices, levels and valuations provided are only indications and subject to change. Wells Fargo Securities does not guarantee the accuracy and makes no express or implied warranties. Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Bank, N.A. and Wells Fargo Securities, LLC, member NYSE, FINRA, SIPC, and NFA and Wells Fargo Institutional Securities, LLC member FINRA and SIPC.

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