| | | FREE WRITING PROSPECTUS |
| | | FILED PURSUANT TO RULE 433 |
| | | REGISTRATION FILE NO.: 333-172366-04 |
| | | |
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2012-LC5 (WFCM 2012-LC5)
PUBLIC NEW ISSUE
$1,046.676MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES and RBS
CO-MANAGER: LADDER CAPITAL SECURITIES and CITIGROUP
OFFERED CERTIFICATES - PUBLIC
| CLASS | | F/MDY | | SIZE($MM) | | WAL | | C/E | | CUM LTV | | NOI DY |
| A-1 | | AAA(sf)/Aaa(sf) | | 81.143 | | 2.55 | | 30.000% | | 38.4% | | 16.9% |
| A-2 | | AAA(sf)/Aaa(sf) | | 156.188 | | 4.91 | | 30.000% | | 38.4% | | 16.9% |
| A-3 | | AAA(sf)/Aaa(sf) | | 466.683 | | 9.87 | | 30.000% | | 38.4% | | 16.9% |
| A-SB | | AAA(sf)/Aaa(sf) | | 100.000 | | 7.34 | | 30.000% | | 38.4% | | 16.9% |
| A-S | | AAA(sf)/Aaa(sf) | | 124.524 | | 9.96 | | 20.250% | | 43.7% | | 14.9% |
| B | | AA-(sf)/Aa3(sf) | | 76.630 | | 9.96 | | 14.250% | | 47.0% | | 13.8% |
| C | | A-(sf)/A3(sf) | | 41.508 | | 9.96 | | 11.000% | | 48.8% | | 13.3% |
NON-OFFERED CERTIFICATES - PRIVATE (144A)
| CLASS | | F/MDY | | SIZE($MM) | | WAL | | C/E | | CUM LTV | | NOI DY |
| A-FL | | AAA(sf)/Aaa(sf) | | 90.000 | | 9.63 | | 30.000% | | 38.4% | | 16.9% |
| D | | BBB-(sf)/Baa3(sf) | | 49.490 | | 10.03 | | 7.125% | | 50.9% | | 12.8% |
COLLATERAL SUMMARY
CUT-OFF DATE BALANCE: $1,277,164,194
NUMBER OF LOANS: 70
NUMBER OF PROPERTIES: 124
WA CUT-OFF LTV: 61.1%
WA BALLOON LTV: 51.4%
WA U/W DSCR: 1.86x
WA U/W NOI DEBT YIELD: 11.9%
WA MORTGAGE RATE: 4.807%
TOP TEN LOANS %: 52.2%
WA TERM TO MATURITY (MOS): 111
WA AMORTIZATION TERM (MOS): 346
WA SEASONING (MOS): 1
LOAN SELLERS: WFB (41.8%), LCF (35.9%), RBS (22.4%)
TOP 5 PROPERTY TYPES: RT(42.4%),OF(22.1%),HOT(19.1%),IND(4.0%),SS(3.9%)
TOP 5 STATES: CA(19.7%),NY(19.4%),TX(14.4%),FL(8.9%),VA(4.9%)
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER: RIALTO CAPITAL ADVISORS, LLC
SUBORDINATE CLASS REP: RIALTO REAL ESTATE FUND, LP
DOCUMENTS & TIMING
TERM SHEET, RED, ANNEX A: ATTACHED
PRESALE REPORTS: WED/THU, 9/12-13
ANTICIPATED PRICING: WEEK OF 9/17
ANTICIPATED SETTLEMENT: SEPTEMBER 28, 2012
ROADSHOW
NEW YORK 1x1's: WED/THU, 9/12-13
CONFERENCE CALLS: UPON DEMAND
MINNEAPOLIS, BREAKFAST: FRI, 9/14 @ 7:30AM CST, GRAND HOTEL
HARTFORD, BREAKFAST: FRI, 9/14 @ 8:30AM EST, MAX'S DOWNTOWN
BOSTON, LUNCH: FRI, 9/14 @ 12:00PM EST, LANGHAM HOTEL
GLOBAL INVESTOR CALL
DATE: WED, 9/12
TIME: 2:00PM EST
US DIAL-IN: (866) 490-4070
INTERNATIONAL DIAL-IN: (706) 758-3447
CONFERENCE ID: 28261729
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