FREE WRITING PROSPECTUS
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FILED PURSUANT TO RULE 433
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REGISTRATION FILE NO.: 333-172366-13
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OFFERED CERTIFICATES - PUBLIC
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CLASS
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DBRS/KBRA/MDY
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$SIZE(MM)
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WAL
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C/E
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CUM LTV
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NOI DY
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GUID
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A-1
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AAA(sf)/AAA(sf)/Aaa(sf)
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70.328
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2.63
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30.000%
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34.7%
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17.5%
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+43-45
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A-2
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AAA(sf)/AAA(sf)/Aaa(sf)
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95.556
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4.92
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30.000%
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34.7%
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17.5%
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+60A
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A-3
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AAA(sf)/AAA(sf)/Aaa(sf)
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45.543
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6.92
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30.000%
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34.7%
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17.5%
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+82A
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A-4
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AAA(sf)/AAA(sf)/Aaa(sf)
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250.000
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9.82
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30.000%
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NOT
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AVAILABLE
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A-5
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AAA(sf)/AAA(sf)/Aaa(sf)
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312.986
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9.92
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30.000%
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34.7%
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17.5%
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+87A
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A-SB
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AAA(sf)/AAA(sf)/Aaa(sf)
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101.757
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7.40
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30.000%
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34.7%
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17.5%
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+78A
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A-S
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AAA(sf)/AAA(sf)/Aaa(sf)
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[52.584]
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9.92
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25.000%
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37.2%
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16.3%
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+110A
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B
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AA(low)(sf)/AA-(sf)/Aa3(sf)
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95.440
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9.92
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17.375%
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41.0%
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14.8%
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+130A
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C
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A(low)(sf)/A-(sf)/A3(sf)
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45.373
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10.01
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13.750%
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42.8%
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14.2%
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+175A
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X-A
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AAA(sf)/AAA(sf)/Aaa(sf)
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938.754
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N/A
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N/A
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N/A
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N/A
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X-B
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AAA(sf)/AAA(sf)/NR
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223.736
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N/A
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N/A
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N/A
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N/A
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NON-OFFERED CERTIFICATES – PRIVATE (144A)
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CLASS
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DBRS/KBRA/MDY
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$SIZE(MM)
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WAL
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C/E
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CUM LTV
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NOI DY
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A-SFL
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AAA(sf)/AAA(sf)/Aaa(sf)
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[10.000]
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9.92
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25.000%
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37.2%
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16.3%
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D
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BBB(low)(sf)/BBB-(sf)/NR
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82.923
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10.01
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7.125%
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46.0%
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13.2%
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COLLATERAL SUMMARY
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CUT-OFF DATE BALANCE:
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$1,251,672,501
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NUMBER OF LOANS:
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98
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NUMBER OF PROPERTIES:
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142
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WA CUT-OFF LTV:
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64.7%
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WA BALLOON LTV:
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55.1%
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WA U/W DSCR:
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1.83x
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WA U/W NOI DEBT YIELD:
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12.2%
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WA MORTGAGE RATE:
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4.871%
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TOP TEN LOANS %:
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46.9%
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WA TERM TO MATURITY (MOS):
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114
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WA AMORTIZATION TERM (MOS):
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351
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WA SEASONING (MOS):
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1
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LOAN SELLERS:
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WFB (30.5%), RBS (26.3%), RMF (25.5%), C-III (6.4%), LIG I (5.0%), NCB (3.6%), BASIS (2.8%)
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TOP 5 PROPERTY TYPES:
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RETAIL (33.2%), HOSPITALITY (18.7%), MULTIFAMILY (15.3%), OFFICE (15.0%), OTHER (7.0%)
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TOP 5 STATES:
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NJ(14.9%), TX(14.4%), NY(14.1%), CA(9.9%), MD(5.5%)
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MASTER SERVICERS:
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WELLS FARGO BANK, NATIONAL ASSOCIATION AND NCB, FSB
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SPECIAL SERVICERS:
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RIALTO CAPITAL ADVISORS, LLC AND NCB, FSB
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SUBORDINATE CLASS REP:
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RIALTO CMBS II, LLC OR AN AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC
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DOCUMENTS & TIMING
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TERM SHEET, ANNEX A:
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ATTACHED
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PRELIMINARY FWP:
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APRIL 23, 2014
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PRESALE REPORTS:
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MID-WEEK OF 4/21
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ANTICIPATED PRICING:
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WEEK OF 4/28
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ANTICIPATED SETTLEMENT:
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MAY 13, 2014
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ROADSHOW
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NEW YORK 1x1's:
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WED, 4/23
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CONFERENCE CALLS:
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UPON DEMAND
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BOSTON, BREAKFAST:
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THURS, 4/24 @ 9:45AM EDT, THE RITZ CARLTON
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HARTFORD, LUNCH:
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THURS, 4/24 @ 1:30PM EDT, MAX'S DOWNTOWN
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MINNEAPOLIS, BREAKFAST:
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FRI, 4/25 @ 7:30AM CDT, GRAND HOTEL MINNEAPOLIS
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GLOBAL INVESTOR CALL: |
PRE-RECORDED, AVAILABLE THURS, 4/24
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