FWP 1 n213_fwpx12.htm FREE WRITING PROSPECTUS Unassociated Document
 
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-172366-07
     
 
 
From:  WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At:  May 22 2013 09:15:01
 
WFRBS COMMERCIAL MORTGAGE TRUST 2013-C14 - PUBLIC NEW ISSUE **PX GUIDANCE**
$1,203.199MM FIXED-RATE CMBS OFFERING CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES AND RBS
CO-MANAGER: DEUTSCHE BANK SECURITIES
 
OFFERED CERTIFICATES - PUBLIC
CLASS
F/KBRA/MDY
$SIZE (MM)
 WAL
C/E
CUM LTV
 NOI DY
GUID
A-1
 AAA(sf)/AAA(sf)/Aaa(sf)
   61.588
 2.86
30.000%
 45.5%
15.2%
30a
SUBJ
              
A-2
 AAA(sf)/AAA(sf)/Aaa(sf)
   48.158
 4.98
30.000%
 45.5%
15.2%
45a
SUBJ
              
A-3
 AAA(sf)/AAA(sf)/Aaa(sf)
   55.000
 7.94
30.000%
 45.5%
15.2%
85a
SUBJ
              
A-4
 AAA(sf)/AAA(sf)/Aaa(sf)
 160.000
***** NOT AVAILABLE *****
A-5
 AAA(sf)/AAA(sf)/Aaa(sf)
 442.741
 9.94
30.000%
 45.5%
15.2%
*85a*
A-SB
AAA(sf)/AAA(sf)/Aaa(sf)
 116.194
 7.45
30.000%
 45.5%
15.2%
*85a*
A-S
 AAA(sf)/AAA(sf)/Aaa(sf)
 108.379
 9.94
22.625%
 50.3%
13.7%
100a
B
 AA-(sf)/AA-(sf)/Aa3(sf)
 102.868
 9.94
15.625%
 54.9%
12.6%
135a
SUBJ
              
C
A-(sf)/A-(sf)/A3(sf)
   53.271
 9.94
12.000%
 57.2%
12.1%
175a
SUBJ
              
PEX
A-(sf)/A-(sf)/A1(sf)
 264.518
 9.94
12.000%
 57.2%
12.1%
  
SUBJ
              
X-A
 AAA(sf)/AAA(sf)/Aaa(sf)
1,137.060  
N/A
 N/A
 N/A
N/A
  
X-B
A-(sf)/AAA(sf)/A2(sf)
 156.139
N/A
 N/A
 N/A
N/A
  
 
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS
F/KBRA/MDY
 $SIZE (MM)
 WAL
 C/E
CUM LTV
 NOI DY
A-3FL
AAA(sf)/AAA(sf)/Aaa(sf)
55.000
  7.94
30.000%
45.5%
 15.2%
A-4FL
AAA(sf)/AAA(sf)/Aaa(sf)
**** NOT AVAILABLE ****
D
BBB-(sf)/BBB-(sf)/NR
 77.151
 10.01
 6.750%
60.7%
 11.4%
 
COLLATERAL SUMMARY
 
CUT-OFF DATE BALANCE:
$1,469,544,239
NUMBER OF LOANS:
73
NUMBER OF PROPERTIES:
99
WA CUT-OFF LTV:
65.8%
WA BALLOON LTV:
58.0%
WA U/W DSCR:
1.95x
WA U/W NOI DEBT YIELD:
10.6%
WA MORTGAGE RATE:
4.037%
TOP TEN LOANS %:
60.8%
WA TERM TO MATURITY (MOS):
115
WA AMORTIZATION TERM (MOS):    
349
WA SEASONING (MOS):
1
 
LOAN SELLERS:
WFB (44.3%), RBS (36.8%), LIG I (7.5%),
 
BASIS (6.5%), C-III (4.9%)
 
TOP 5 PROPERTY TYPES:    
RETAIL (35.6%), OFFICE (27.7%),
 
MHC (16.9%), HOSPITALITY (12.8%),
 
MULTIFAMILY (2.8%)
 
TOP 5 STATES:
GA(13.7%), CA(13.3%), FL(12.9%), NC(8.5%), MD(8.3%)
 
MASTER SERVICER:
WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:
RIALTO CAPITAL ADVISORS, LLC
SUBORDINATE CLASS REP:    
RIALTO REAL ESTATE FUND, LP
 
DOCUMENTS & TIMING
TERM SHEET, ANNEX A:
ATTACHED
PRELIMINARY FWP:
MAY 14
PRESALE REPORTS:
AVAILABLE
ANTICIPATED PRICING:
MID WEEK
ANTICIPATED SETTLEMENT:    
JUNE 6, 2013
 
GLOBAL INVESTOR CALL REPLAY DETAILS:
TOLL FREE: 855-859-2056 and 800-585-8367
TOLL: 404-537-3406
CONFERENCE ID: 71550339
 
 
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. 333-172366-07) 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.
 
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