From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: May 22 2013 15:07:21
WFRBS COMMERCIAL MORTGAGE TRUST 2013-C14 - PUBLIC NEW ISSUE
** LAUNCH ** $1,203.199MM 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/MDY | $SIZE (MM) | WAL | C/E | CUM LTV | NOI DY | LAUNCH |
| A-1 | AAA(sf)/AAA(sf)/Aaa(sf) | 61.588 | 2.86 | 30.000% | 45.5% | 15.2% | 30 |
| A-2 | AAA(sf)/AAA(sf)/Aaa(sf) | 48.158 | 4.98 | 30.000% | 45.5% | 15.2% | 45 |
| A-3 | AAA(sf)/AAA(sf)/Aaa(sf) | 55.000 | 7.94 | 30.000% | 45.5% | 15.2% | 88 |
| A-4 | AAA(sf)/AAA(sf)/Aaa(sf) | 160.000 | ***** NOT AVAILABLE ***** |
| A-5 | AAA(sf)/AAA(sf)/Aaa(sf) | 437.741 | 9.94 | 30.000% | 45.5% | 15.2% | 85 |
| A-SB | AAA(sf)/AAA(sf)/Aaa(sf) | 116.194 | 7.45 | 30.000% | 45.5% | 15.2% | 86 |
| A-S | AAA(sf)/AAA(sf)/Aaa(sf) | 108.379 | 9.94 | 22.625% | 50.3% | 13.7% | 100 |
| B | AA-(sf)/AA-(sf)/Aa3(sf) | 102.868 | 9.94 | 15.625% | 54.9% | 12.6% | 135 |
| C | A-(sf)/A-(sf)/A3(sf) | 53.271 | 9.94 | 12.000% | 57.2% | 12.1% | 165 |
| PEX | A-(sf)/A-(sf)/A1(sf) | 264.518 | 9.94 | 12.000% | 57.2% | 12.1% | |
| X-A | AAA(sf)/AAA(sf)/Aaa(sf) | 1,137.060 | N/A | N/A | N/A | N/A | |
| X-B | A-(sf)/AAA(sf)/A2(sf) | 156.139 | N/A | N/A | N/A | N/A | |
NON-OFFERED CERTIFICATES - PRIVATE (144A)
| CLASS | F/KBRA/MDY | $SIZE (MM) | WAL | C/E | CUM LTV | NOI DY |
| A-3FL | AAA(sf)/AAA(sf)/Aaa(sf) | 55.000 | **** NOT AVAILABLE **** |
| A-4FL | AAA(sf)/AAA(sf)/Aaa(sf) | 95.000 | **** NOT AVAILABLE **** |
| D | BBB-(sf)/BBB-(sf)/NR | 77.151 | 10.01 | 6.750% | 60.7% | 11.4% |
COLLATERAL SUMMARY
| CUT-OFF DATE BALANCE: | $1,469,544,239 |
| NUMBER OF LOANS: | 73 |
| NUMBER OF PROPERTIES: | 99 |
| WA CUT-OFF LTV: | 65.8% |
| WA BALLOON LTV: | 58.0% |
| WA U/W DSCR: | 1.95x |
| WA U/W NOI DEBT YIELD: | 10.6% |
| WA MORTGAGE RATE: | 4.037% |
| TOP TEN LOANS %: | 60.8% |
| WA TERM TO MATURITY (MOS): | 115 |
| WA AMORTIZATION TERM (MOS): | 349 |
| WA SEASONING (MOS): | 1 |
| LOAN SELLERS: | WFB (44.3%), RBS (36.8%), LIG I (7.5%), |
| | BASIS (6.5%), C-III (4.9%) |
| TOP 5 PROPERTY TYPES: | RETAIL (35.6%), OFFICE (27.7%), |
| | MHC (16.9%), HOSPITALITY (12.8%), |
| | MULTIFAMILY (2.8%) |
| TOP 5 STATES: | GA (13.7%), CA (13.3%), FL (12.9%), NC (8.5%), MD (8.3%) |
| MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
| SPECIAL SERVICER: | RIALTO CAPITAL ADVISORS, LLC |
| SUBORDINATE CLASS REP: | RIALTO REAL ESTATE FUND, LP |
| | |
DOCUMENTS & TIMING
| PRELIMINARY FWP: | MAY 14 |
| PRESALE REPORTS: | AVAILABLE |
| ANTICIPATED PRICING: | TODAY |
| ANTICIPATED SETTLEMENT: | JUNE 6, 2013 |
ROADSHOW
| NEW YORK 1x1's: | TUES, 5/14 |
| CONFERENCE CALLS: | UPON DEMAND |
| | |
| MINNEAPOLIS, BREAKFAST: | TUES, 5/14 @ 8:00AM CST, GRAND HOTEL MINNEAPOLIS |
| HARTFORD, BREAKFAST: | WED, 5/15 @ 8:30AM EST, MAX'S DOWNTOWN |
| BOSTON, LUNCH: | WED, 5/15 @ 12:00PM EST, LANGHAM |
GLOBAL INVESTOR CALL REPLAY DETAILS:
TOLL FREE: 855-859-2056 and 800-585-8367
TOLL: 404-537-3406
CONFERENCE ID: 71550339
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. 333-172366-07) 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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