0001539497-14-000602.txt : 20140515 0001539497-14-000602.hdr.sgml : 20140515 20140514205814 ACCESSION NUMBER: 0001539497-14-000602 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140515 DATE AS OF CHANGE: 20140514 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2014-LC16 CENTRAL INDEX KEY: 0001607641 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: 333-172366-14 FILM NUMBER: 14843445 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 n318_fwpx5.htm FREE WRITING PROSPECTUS Unassociated Document
 
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-172366-14
     
 
--- Original Sender: WELLS ABF SYNDICATE WELLS FARGO, WELLS FARGO SECURITI ---
 
----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: May 14 2014 08:47:11

WF COMMERCIAL MORTGAGE TRUST 2014-LC16 - PUBLIC NEW ISSUE
**ANNOUNCEMENT** $846.222 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
C/E
CUM LTV
NOI DY
A-1
AAA(sf)/AAA(sf)/Aaa(sf)
  51.024
2.78
30.000%
43.3%
16.2%
A-2
AAA(sf)/AAA(sf)/Aaa(sf)
112.071
4.88
30.000%
43.3%
16.2%
A-3
AAA(sf)/AAA(sf)/Aaa(sf)
  14.089
6.84
NOT AVAILABLE
    
A-4
AAA(sf)/AAA(sf)/Aaa(sf)
185.000
9.84
30.000%
43.3%
16.2%
A-5
AAA(sf)/AAA(sf)/Aaa(sf)
246.235
9.91
30.000%
43.3%
16.2%
A-SB
AAA(sf)/AAA(sf)/Aaa(sf)
  73.429
7.43
30.000%
43.3%
16.2%
A-S
AAA(sf)/AAA(sf)/Aaa(sf)
  53.574
9.93
24.500%
46.7%
15.1%
B
AA(low)(sf)/AA-(sf)/Aa3(sf)
  71.837
9.93
17.125%
51.3%
13.7%
C
A(low)(sf)/A-(sf)/A3(sf)
  38.963
10.00  
13.125%
53.8%
13.1%
X-A
AAA(sf)/AAA(sf)/Aaa(sf)
735.422
N/A
N/A
N/A
N/A
X-B
AAA(sf)/AAA(sf)/NR
170.462
N/A
N/A
N/A
N/A
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS
DBRS/KBRA/MDY
$SIZE(MM)
WAL
C/E
CUM LTV
NOI DY
D
BBB(low)(sf)/BBB-(sf)/NR
59.662
10.01
7.000%
57.6%
12.2%

COLLATERAL SUMMARY
  
   
CUT-OFF DATE BALANCE:
$974,069,228
NUMBER OF LOANS:
82
NUMBER OF PROPERTIES:
184
WA CUT-OFF LTV:
63.9%
WA BALLOON LTV:
55.3%
WA U/W DSCR:
1.68x
WA U/W NOI DEBT YIELD:
11.4%
WA MORTGAGE RATE:
4.918%
TOP TEN LOANS %:
45.2%
WA TERM TO MATURITY (MOS):
112
WA AMORTIZATION TERM (MOS):     
350
WA SEASONING (MOS):
1
   
LOAN SELLERS:
LCF (34.6%), WFB (31.4%), RBS (21.8%), RMF (12.2%)
   
TOP 5 PROPERTY TYPES:
RETAIL (42.6%), HOSPITALITY (14.2%),
 
OFFICE (12.1%), SELF STORAGE (10.5%),
 
MULTIFAMILY (8.6%)
   
TOP 5 STATES:
TX(16.4%), CA(12.8%), NJ(12.3%), FL(8.1%), PA(7.4%)
   
MASTER SERVICER:
WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:
LNR PARTNERS, LLC
SUBORDINATE CLASS REP:
LNR SECURITIES HOLDINGS LLC
   
DOCUMENTS & TIMING
  
   TERM SHEET, ANNEX A:
ATTACHED
   PRELIMINARY FWP:
MAY 15, 2014
   PRESALE REPORTS:
MID-WEEK OF 5/12
   ANTICIPATED PRICING:
WEEK OF 5/19
   ANTICIPATED SETTLEMENT:
JUNE 11, 2014
   
ROADSHOW
  
   NEW YORK 1x1's:
WED, 5/14
   CONFERENCE CALLS:
UPON DEMAND
   
   HARTFORD, BREAKFAST:
THURS, 5/15 @ 8:30AM EDT, MAX DOWNTOWN
   BOSTON, LUNCH:
THURS, 5/15 @ 12:00PM EDT, THE LANGHAM
   MINNEAPOLIS, BREAKFAST:
THURS, 5/15 @ 7:30AM CDT, GRAND HOTEL MINNEAPOLIS
   
GLOBAL INVESTOR CALL
  
   PRE-RECORDED:
WWW.NETROADSHOW.COM
   REVIEW CODE:
LOANS2014
 
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.

 
-------------------------------------------------------------------------------
If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you many obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see:
https://www.wellsfargo.com/com/disclaimer/wfsjb4.