0001539497-14-001517.txt : 20141208 0001539497-14-001517.hdr.sgml : 20141208 20141208170546 ACCESSION NUMBER: 0001539497-14-001517 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141208 DATE AS OF CHANGE: 20141208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2014-LC18 CENTRAL INDEX KEY: 0001626941 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: 333-195164-03 FILM NUMBER: 141273111 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 n411_fwpx5.htm FREE WRITING PROSPECTUS Unassociated Document
 
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-195164-03
     
 
From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)
Subject: Fwd:NEW ISSUE CMBS: WFCM 2014-LC18 *PUBLIC ANNOUNCEMENT*
 
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2014-LC18 - PUBLIC NEW ISSUE
**ANNOUNCEMENT** $979.097 MM FIXED-RATE CMBS OFFERING
 
 
LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES
CO-MANAGERS: DEUTSCHE BANK SECURITIES, BARCLAYS CAPITAL
 
 
OFFERED CERTIFICATES - PUBLIC
CLASS
DBRS/KBRA/MDY
SIZE($MM)
C/E
WAL
CUM LTV
NOI DY
A-1
AAA(sf)/AAA(sf)/Aaa(sf)
57.464
30.000%
2.67
34.7%
18.4%
A-2
AAA(sf)/AAA(sf)/Aaa(sf)
63.915
30.000%
4.90
34.7%
18.4%
A-3
AAA(sf)/AAA(sf)/Aaa(sf)
61.343
30.000%
6.96
34.7%
18.4%
A-4
AAA(sf)/AAA(sf)/Aaa(sf)
255.000  
30.000%
9.89
34.7%
18.4%
A-5
AAA(sf)/AAA(sf)/Aaa(sf)
273.256  
30.000%
9.96
34.7%
18.4%
A-SB
AAA(sf)/AAA(sf)/Aaa(sf)
85.961
30.000%
7.42
34.7%
18.4%
A-S
AAA(sf)/AAA(sf)/Aa1(sf)
96.771
21.500%
9.96
38.9%
16.4%
X-A
AAA(sf)/AAA(sf)/NR
893.710  
N/A
N/A
N/A
N/A
X-B
AAA(sf)/AAA(sf)/NR
162.234  
N/A
N/A
N/A
N/A
B
AA(low)(sf)/AA-(sf)/Aa3(sf)
48.386
17.250%
9.96
41.1%
15.6%
C
A(low)(sf)/A-(sf)/A3(sf)
37.001
14.000%
9.96
42.7%
15.0%
             

 
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS
DBRS/KBRA/MDY
SIZE($MM)
C/E
WAL
CUM LTV
NOI DY
D
BBB(low)(sf)/BBB-(sf)/NR
76.847
7.250%
9.96
46.0%
13.9%
             

 
COLLATERAL SUMMARY
 
CUT-OFF DATE BALANCE: $1,138,484,364
NUMBER OF LOANS: 99
NUMBER OF PROPERTIES: 117
WA CUT-OFF LTV: 63.3%
WA BALLOON LTV: 54.9%
WA U/W NCF DSCR: 2.10x
WA U/W NOI DEBT YIELD: 12.9%
WA MORTGAGE RATE: 4.444%
TOP TEN LOANS %: 36.2%
WA TERM TO MATURITY (MOS): 114
WA AMORTIZATION TERM (MOS): 353
WA SEASONING (MOS): 0
 
LOAN SELLERS: LCF (36.2%), WFB (32.7%), RBS (14.9%),
LIG I (5.8%), NCB,FSB (5.4%), WDCPF (5.1%)
 
TOP 5 PROPERTY TYPES: RETAIL (26.7%), HOSPITALITY (20.7%), OFFICE (12.1%),
INDUSTRIAL (11.4%), MULTIFAMILY (10.1%)
 
TOP 5 STATES: CA (9.8%), TX(9.7%), VA (8.9%),
HI (7.4%), MI (6.8%)
 
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NCB,FSB
SPECIAL SERVICERS: RIALTO CAPITAL ADVISORS, LLC AND NCB,FSB
SUBORDINATE CLASS REP: RREF II CMBS AIV, LP or another affiliate of
Rialto Capital Advisors, LLC
 
DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1: ATTACHED
PRELIMINARY FWP: TUES, 12/9
PRESALE REPORTS: MON, 12/8 - TUES, 12/9
ANTICIPATED PRICING: END OF THE WEEK OF 12/8 OR EARLY THE WEEK OF 12/15
ANTICIPATED SETTLEMENT: DECEMBER 30, 2014
 
ROADSHOW
NEW YORK 1x1's: MON, 12/8
HARTFORD, BREAKFAST: TUES, 12/9 @ 8:30AM ET, MAX'S DOWNTOWN
BOSTON, LUNCH: TUES, 12/9 @ 12:00PM ET, THE LANGHAM
MINNEAPOLIS, BREAKFAST: TUES, 12/9 @ 7:30AM CT, GRAND HOTEL MINNEAPOLIS
CONFERENCE CALLS: UPON DEMAND
 
GLOBAL INVESTOR CALL: PRE-RECORDED: AVAILABLE TODAY
 

 
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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