0001539497-14-000543.txt : 20140430 0001539497-14-000543.hdr.sgml : 20140430 20140429192418 ACCESSION NUMBER: 0001539497-14-000543 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140430 DATE AS OF CHANGE: 20140429 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WFRBS Commercial Mortgage Trust 2014-C20 CENTRAL INDEX KEY: 0001603578 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: 333-172366-13 FILM NUMBER: 14795501 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 n306_fwpx13.htm FREE WRITING PROSPECTUS Unassociated Document
 
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-172366-13
     
 
From: Jennifer Doyle (WELLS FARGO SECURITI)
Subject: Fwd:NEW ISSUE CMBS: WFRBS 2014-C20 PUBLIC *PRICING DETAILS*
 
WFRBS COMMERCIAL MORTGAGE TRUST 2014-C20 - PUBLIC NEW ISSUE
**PRICING DETAILS** $1,069.567 MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES AND RBS
CO-MANAGER: DEUTSCHE BANK SECURITIES

OFFERED CERTIFICATES - PUBLIC
CLASS
DBRS/KBRA/MDY
$SIZE(MM)
WAL
SPRD
YLD
CPN
$Price
A-1
AAA(sf)/AAA(sf)/Aaa(sf)
70.328
2.63
+43
1.2677
1.2830
99.9980
A-2
AAA(sf)/AAA(sf)/Aaa(sf)
95.556
4.92
+60
2.3763
3.0360
102.9971
A-3
AAA(sf)/AAA(sf)/Aaa(sf)
45.543
6.92
+84
3.1503
3.6350
102.9991
A-4
AAA(sf)/AAA(sf)/Aaa(sf)
250.000
9.82
    
3.7230
  
A-5
AAA(sf)/AAA(sf)/Aaa(sf)
312.986
9.92
+87
3.6439
3.9950
102.9959
A-SB
AAA(sf)/AAA(sf)/Aaa(sf)
101.757
7.40
+78
3.1816
3.6380
102.9951
A-S
AAA(sf)/AAA(sf)/Aaa(sf)
52.584
9.92
+105
3.8239
4.1760
102.9938
B
AA(low)(sf)/AA-(sf)/Aa3(sf)
95.440
9.92
+125
4.0240
4.3780
102.9994
C
A(low)(sf)/A-(sf)/A3(sf)
45.373
10.01
+175
4.5341
4.5130
99.9949
X-A
AAA(sf)/AAA(sf)/Aaa(sf)
938.754
N/A
N/A
N/A
N/A
  
X-B
AAA(sf)/AAA(sf)/NR
223.736
N/A
N/A
N/A
N/A
  

NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS
DBRS/KBRA/MDY
$SIZE(MM)
WAL
Coupon
A-SFL
AAA(sf)/AAA(sf)/Aaa(sf)
10.000
9.92
  
D
BBB(low)(sf)/BBB-(sf)/NR
82.923
10.01
3.9860

COLLATERAL SUMMARY

CUT-OFF DATE BALANCE: $1,251,672,501
NUMBER OF LOANS: 98
NUMBER OF PROPERTIES: 142
WA CUT-OFF LTV: 64.7%
WA BALLOON LTV: 55.1%
WA U/W DSCR: 1.83x
WA U/W NOI DEBT YIELD: 12.2%
WA MORTGAGE RATE: 4.871%
TOP TEN LOANS %: 46.9%
WA TERM TO MATURITY (MOS): 114
WA AMORTIZATION TERM (MOS): 351
WA SEASONING (MOS): 1

LOAN SELLERS: WFB (30.5%), RBS (26.3%), RMF (25.5%),
C-III (6.4%), LIG I (5.0%), NCB (3.6%),
BASIS (2.8%)
TOP 5 PROPERTY TYPES: RETAIL (33.2%), HOSPITALITY (18.7%),
MULTIFAMILY (15.3%), OFFICE (15.0%),
OTHER (7.0%)

TOP 5 STATES: NJ(14.9%), TX(14.4%), NY(14.1%), CA(9.9%), MD(5.5%)

MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NCB, FSB
SPECIAL SERVICERS: RIALTO CAPITAL ADVISORS, LLC AND NCB, FSB
SUBORDINATE CLASS REP: RIALTO CMBS II, LLC OR AN AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC

ANTICIPATED SETTLEMENT: MAY 13, 2014



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.













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