FWP 1 n318_x10.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 21 2014 13:30:33

WF COMMERCIAL MORTGAGE TRUST 2014-LC16 - PUBLIC NEW ISSUE
** $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
Launch
A-1
AAA(sf)/AAA(sf)/Aaa(sf)
51.024
2.78
30.000%
43.3%
16.2%
+48
A-2
AAA(sf)/AAA(sf)/Aaa(sf)
112.071
4.88
30.000%
43.3%
16.2%
+58
A-3
AAA(sf)/AAA(sf)/Aaa(sf)
14.089
6.84
NOT AVAILABLE
A-4
AAA(sf)/AAA(sf)/Aaa(sf)
200.000
9.84
30.000%
43.3%
16.2%
  
A-5
AAA(sf)/AAA(sf)/Aaa(sf)
231.235
9.91
30.000%
43.3%
16.2%
+85
A-SB
AAA(sf)/AAA(sf)/Aaa(sf)
73.429
7.43
30.000%
43.3%
16.2%
+80
A-S
AAA(sf)/AAA(sf)/Aaa(sf)
53.574
9.93
24.500%
46.7%
15.1%
+105
B
AA(low)(sf)/AA-(sf)/Aa3(sf)
71.837
9.93
17.125%
51.3%
13.7%
+135
C
A(low)(sf)/A-(sf)/A3(sf)
38.963
10.00
13.125%
53.8%
13.1%
+185
X-A
AAA(sf)/AAA(sf)/Aaa(sf)
735.422
        
T+140
X-B
AAA(sf)/AAA(sf)/NR
170.462
        
T+145

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:
THIS AFTERNOON
 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.















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