0001539497-14-001323.txt : 20141024 0001539497-14-001323.hdr.sgml : 20141024 20141024145351 ACCESSION NUMBER: 0001539497-14-001323 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141024 DATE AS OF CHANGE: 20141024 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WFRBS Commercial Mortgage Trust 2014-C24 CENTRAL INDEX KEY: 0001621466 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: 333-195164-02 FILM NUMBER: 141172172 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 n384_fwp.htm FREE WRITING PROSPECTUS Unassociated Document

   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-195164-02
     
 
From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)
Subject: Fwd:***NEW ISSUE CMBS: WFRBS 2014-C24 PUBLIC *LAUNCH*
 
WFRBS COMMERCIAL MORTGAGE TRUST 2014-C24 - PUBLIC NEW ISSUE
**LAUNCH** $937.972 MM FIXED-RATE CMBS OFFERING
 
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES AND RBS
CO-MANAGER: DEUTSCHE BANK SECURITIES
 
OFFERED CERTIFICATES - PUBLIC
CLASS
FITCH/KBRA/MDY
$SIZE(MM)
C/E
WAL
CUM LTV
NOI DY
LAUNCH
A-1
AAAsf/AAA(sf)/Aaa(sf)
34.202
30.000%
2.86
44.1%
14.4%
+38
A-2
AAAsf/AAA(sf)/Aaa(sf)
55.254
30.000%
4.95
44.1%
14.4%
+55
A-3
AAAsf/AAA(sf)/Aaa(sf)
86.298
30.000%
6.91
44.1%
14.4%
+90
A-4
AAAsf/AAA(sf)/Aaa(sf)
240.000  
30.000%
9.81
44.1%
14.4%
  
A-5
AAAsf/AAA(sf)/Aaa(sf)
286.297  
30.000%
9.89
44.1%
14.4%
+86
A-SB
AAAsf/AAA(sf)/Aaa(sf)
59.202
30.000%
7.33
44.1%
14.4%
+76
A-S
AAAsf/AAA(sf)/Aa1(sf)
99.234
20.875%
9.91
49.9%
12.7%
+118
B
AA-sf/AA-(sf)/Aa3(sf)
44.860
16.750%
9.93
52.4%
12.1%
+145
C
A-sf/A-(sf)/A3(sf)
32.625
13.750%
9.99
54.3%
11.7%
+190
PEX
A-sf/A-(sf)/A1(sf)
176.719  
13.750%
9.93
54.3%
11.7%
  
X-A
AAAsf/AAA(sf)/NR
860.487  
N/A
N/A
N/A
N/A
  
X-B
NR/AAA(sf)/NR
49.532
N/A
N/A
N/A
N/A
  
               
NON-OFFERED CERTIFICATES – PRIVATE (144A)
CLASS
FITCH/KBRA/MDY
$SIZE(MM)
C/E
WAL
CUM LTV
NOI DY
  
D
BBB-sf/BBB-(sf)/NR
72.047
7.125%
9.99
58.5%
10.9%
  
 
COLLATERAL SUMMARY
 
CUT-OFF DATE BALANCE: $1,087,504,578
NUMBER OF LOANS: 86
NUMBER OF PROPERTIES: 109
WA CUT-OFF LTV: 62.9%
WA BALLOON LTV: 56.6%
WA U/W NCF DSCR: 1.88x
WA U/W NOI DEBT YIELD: 10.7%
WA MORTGAGE RATE: 4.424%
TOP TEN LOANS %: 46.2%
WA TERM TO MATURITY (MOS): 114
WA AMORTIZATION TERM (MOS): 354
WA SEASONING (MOS): 1
 
LOAN SELLERS: WFB (52.0%), RMF (18.8%),LIG I (11.1%)
RBS (9.7%), C-III (5.0%), BASIS (3.4%)
 
TOP 5 PROPERTY TYPES: RETAIL (40.7%), OFFICE (15.8%), MULTIFAMILY (12.1%)
SELF STORAGE (8.7%), HOSPITALITY (8.7%)
 
TOP 5 STATES: FL (23.2%), CA(19.8%), TX (16.9%), NY (7.4%), NC (3.5%)
 
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICERS: RIALTO CAPITAL ADVISORS, LLC
SUBORDINATE CLASS REP: Rialto CMBS IV, LLC or another affiliate of Rialto
Capital Advisors, LLC
 
ANTICIPATED PRICING: TODAY
ANTICIPATED SETTLEMENT: NOVEMBER 18, 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. 333-195164) 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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