0001539497-14-000653.txt : 20140522 0001539497-14-000653.hdr.sgml : 20140522 20140522150425 ACCESSION NUMBER: 0001539497-14-000653 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140522 DATE AS OF CHANGE: 20140522 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: 14863416 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_fwpx12.htm FREE WRITING PROSPECTUS Unassociated Document
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-172366-14
     
 
From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)
Subject: Fwd:NEW ISSUE CMBS: WFCM 2014-LC16 PUBLIC *PRICING DETAILS*
 
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
SPREAD
Coupon
Yield
$PX
A-1
AAA(sf)/AAA(sf)/Aaa(sf)
51.024
2.78
+48
1.2940
1.2796
  99.9980
A-2
AAA(sf)/AAA(sf)/Aaa(sf)
112.071  
4.88
+58
2.8190
2.1573
102.9958
A-3
AAA(sf)/AAA(sf)/Aaa(sf)
14.089
6.84
3.4320
      
A-4
AAA(sf)/AAA(sf)/Aaa(sf)
200.000  
9.84
3.5480
      
A-5
AAA(sf)/AAA(sf)/Aaa(sf)
231.235  
9.91
+85
3.8170
3.4671
102.9953
A-SB
AAA(sf)/AAA(sf)/Aaa(sf)
73.429
7.43
+80
3.4770
3.0230
102.9984
A-S
AAA(sf)/AAA(sf)/Aaa(sf)
53.574
9.93
+105
4.0200
3.6689
102.9963
B
AA(low)(sf)/AA-(sf)/Aa3(sf)
71.837
9.93
+135
4.3220
3.9689
102.9962
C
A(low)(sf)/A-(sf)/A3(sf)
38.963
10.00  
+185
4.4580
4.4784
  99.9950
X-A
AAA(sf)/AAA(sf)/Aaa(sf)
735.422  
  
+140
1.4957
3.6364
    9.4107
X-B
AAA(sf)/AAA(sf)/NR
170.462  
  
+145
0.6672
3.9436
    5.5955
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
   
   
ANTICIPATED SETTLEMENT:
JUNE 11, 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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