FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-172366-06 | ||
Subject: WFRBS 2013-C12 New Issue Announcement **WFS AS LEAD** **
WFRBS COMMERCIAL MORTGAGE TRUST 2013-C12 (WFRBS 2013-C12)
PUBLIC NEW ISSUE
$1,018.342MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES and RBS
CO-MANAGER: DEUTSCHE BANK SECURITIES
OFFERED CERTIFICATES - PUBLIC
CLASS | F/KBRA/S&P | SIZE($MM) | WAL | C/E | CUM LTV | NOI DY |
A-1 | AAA(sf)/AAA(sf)/AAA(sf) | 63.911 | 2.67 | 30.000% | 35.0% | 17.7% |
A-2 | AAA(sf)/AAA(sf)/AAA(sf) | 142.980 | 4.87 | 30.000% | 35.0% | 17.7% |
A-3 | AAA(sf)/AAA(sf)/AAA(sf) | 165.000 | **** NOT AVAILABLE **** | |||
A-4 | AAA(sf)/AAA(sf)/AAA(sf) | 298.198 | 9.92 | 30.000% | 35.0% | 17.7% |
A-SB | AAA(sf)/AAA(sf)/AAA(sf) | 101.955 | 7.40 | 30.000% | 35.0% | 17.7% |
A-S | AAA(sf)/AAA(sf)/AAA(sf) | 120.070 | 9.99 | 20.250% | 39.9% | 15.5% |
B | AA-(sf)/AA-(sf)/AA-(sf) | 75.429 | 9.99 | 14.125% | 43.0% | 14.4% |
C | A-(sf)/A-(sf)/A-(sf) | 50.799 | 9.99 | 10.000% | 45.1% | 13.8% |
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS | F/KBRA/S&P | SIZE($MM) | WAL | C/E | CUM LTV | NOI DY |
A-3FL | AAA(sf)/AAA(sf)/AAA(sf) | 90.000 | **** NOT AVAILABLE **** | |||
D | BBB-(sf)/BBB-(sf)/BBB-(sf) | 41.563 | 9.99 | 6.625% | 46.8% | 13.3% |
COLLATERAL SUMMARY
CUT-OFF DATE BALANCE: | $1,231,492,115 |
NUMBER OF LOANS: | 100 |
NUMBER OF PROPERTIES: | 138 |
WA CUT-OFF LTV: | 61.8% |
WA BALLOON LTV: | 53.5% |
WA U/W DSCR: | 2.05x |
WA U/W NOI DEBT YIELD: | 12.4% |
WA MORTGAGE RATE: | 4.394% |
TOP TEN LOANS %: | 52.5% |
WA TERM TO MATURITY (MOS): | 111 |
WA AMORTIZATION TERM (MOS): | 342 |
WA SEASONING (MOS): | 2 |
LOAN SELLERS: | RBS (44.8%), WFB (31.9%), LIG I (7.6%), |
C-III (6.6%), Basis (4.7%), NCB, FSB (4.5%) | |
TOP 5 PROPERTY TYPES: | RT(24.8%),OF(22.9%),HOT(14.7%),MHC(11.7%),MF(11.6%) |
TOP 5 STATES: | IL(13.4%),FL(11.6%),TX(10.8%),CA(10.4%),NJ(8.2%) |
MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION and NCB, FSB |
SPECIAL SERVICER: | RIALTO CAPITAL ADVISORS, LLC and NCB, FSB |
SUBORDINATE CLASS REP: | RIALTO REAL ESTATE FUND, LP |
DOCUMENTS & TIMING | |
TERM SHEET, ANNEX A: | ATTACHED |
PRELIMINARY FWP: | MON, 2/25 |
PRESALE REPORTS: | EARLY NEXT WEEK |
ANTICIPATED PRICING: | LATE WEEK OF 2/25 |
ANTICIPATED SETTLEMENT: | MARCH 20, 2013 |
ROADSHOW | |
NEW YORK 1x1's: | TUE/WED, 2/26-27 |
CONFERENCE CALLS: | UPON DEMAND |
HARTFORD, BREAKFAST: | MON, 2/25 @ 8:30AM EST, MAX'S DOWNTOWN |
BOSTON, LUNCH: | MON, 2/25 @ 12:00PM EST, LANGHAM |
MINNEAPOLIS, LUNCH: | WED, 2/27 @ 12:00PM CST, THE GRAND HOTEL |
GLOBAL INVESTOR CALL | |
DATE: | MON, 2/25 |
TIME: | 3:00PM EST |
US DIAL-IN: | (866) 490-4070 |
INTERNATIONAL DIAL-IN: | (706) 758-3447 |
CONFERENCE ID: | 12344484 |
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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