-----Original Message-----
From: Matthew Orrino (WELLS FARGO SECURITI) [mailto:morrino1@bloomberg.net]
Sent: Tuesday, December 17, 2013 1:26 PM
Subject: Fwd:NEW ISSUE CMBS: WFRBS 2013-C18 PUBLIC *LAUNCH*
--- Original Sender: WELLS ABF SYNDICATE WELLS FARGO, WELLS FARGO SECURITI ---
----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: Dec 17 2013 13:23:54
WFRBS COMMERCIAL MORTGAGE TRUST 2013-C18 - PUBLIC NEW ISSUE
**LAUNCH** $905.617MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES AND RBS
CO-MANAGER: DEUTSCHE BANK SECURITIES
OFFERED CERTIFICATES - PUBLIC
| CLASS | DBRS/F/MDY | $SIZE(MM) | WAL | C/E | LAUNCH | |
| A-1 | AAA(sf)/AAA(sf)/Aaa(sf) | 48.516 | 2.74 | 30.000% | +55 | |
| A-2 | AAA(sf)/AAA(sf)/Aaa(sf) | 103.340 | 4.94 | 30.000% | +83 | |
| A-3 | AAA(sf)/AAA(sf)/Aaa(sf) | 140.000 | 6.89 | 30.000% | +95 | |
| A-4 | AAA(sf)/AAA(sf)/Aaa(sf) | 170.000 | 9.96 | 30.000% | | |
| A-5 | AAA(sf)/AAA(sf)/Aaa(sf) | 201.014 | 9.98 | 30.000% | +93 | |
| A-SB | AAA(sf)/AAA(sf)/Aaa(sf) | 63.699 | 7.49 | 30.000% | +85 | |
| A-S | AAA(sf)/AAA(sf)/Aaa(sf) | 70.062 | 10.01 | 23.250% | +115 | |
| B | AA(low)(sf)/AA-(sf)/Aa3(sf) | 72.657 | 10.06 | 16.250% | +165 | |
| C | A(low)(sf)/A-(sf)/A3(sf) | 36.329 | 10.06 | 12.750% | +225 | |
| PEX | A(low)(sf)/A-(sf)/A1(sf) | 179.048 | 10.04 | 12.750% | | |
| X-A | AAA(sf)/AAA(sf)/Aaa(sf) | 796.631 | N/A | N/A | N/A | N/A |
NON-OFFERED CERTIFICATES - PRIVATE (144A)
| CLASS | DBRS/F/MDY | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY |
| D | BBB(low)(sf)/BBB-(sf)/NR | 66.169 | 10.06 | 6.375% | 39.8% | 14.7% |
COLLATERAL SUMMARY
| CUT-OFF DATE BALANCE: | $1,037,956,638 |
| NUMBER OF LOANS: | 67 |
| NUMBER OF PROPERTIES: | 73 |
| WA CUT-OFF LTV: | 54.4% |
| WA BALLOON LTV: | 47.3% |
| WA U/W DSCR: | 2.48x |
| WA U/W NOI DEBT YIELD: | 13.8% |
| WA MORTGAGE RATE: | 4.714% |
| TOP TEN LOANS %: | 67.0% |
| WA TERM TO MATURITY (MOS): | 109 |
| WA AMORTIZATION TERM (MOS): | 343 |
| WA SEASONING (MOS): | 0 |
| | |
| LOAN SELLERS: | WFB (37.5%), RBS (37.2%), LIG I (8.9%), |
| | BASIS (4.8%), NCB (4.2%), UBSRES (3.7%), C-III (3.6%) |
| | |
| TOP 5 PROPERTY TYPES: | RETAIL (39.1%), HOSPITALITY (21.3%), |
| | MULTIFAMILY (13.7%), OTHER (13.5%), |
| | MIXED USE (4.6%) |
| | |
| TOP 5 STATES: | NJ(30.3%), GA(16.9%), NY(11.2%), IL(10.5%), OH(4.9%) |
| | |
| MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION AND NCB, FSB |
| SPECIAL SERVICER: | MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, N.A. AND NCB, FSB |
| SUBORDINATE CLASS REP: | EIGHTFOLD REAL ESTATE CAPITAL FUND III, L.P. |
| | |
| DOCUMENTS & TIMING | |
| TERM SHEET, ANNEX A: | ATTACHED |
| PRELIMINARY FWP: | DECEMBER 10 |
| PRESALE REPORTS: | MID-WEEK OF 12/9 |
| ANTICIPATED PRICING: | TODAY |
| ANTICIPATED SETTLEMENT: | DECEMBER 23, 2013 |
| | |
| ROADSHOW | |
| HARTFORD, BREAKFAST: | MON, 12/9 @ 8:30AM EST, MAX'S DOWNTOWN |
| BOSTON, LUNCH: | MON, 12/9 @ 12:00PM EST, THE LANGHAM |
| MINNEAPOLIS, BREAKFAST: | TUES, 12/10 @ 7:30AM EST, GRAND HOTEL MINNEAPOLIS |
| NEW YORK 1x1's: | TUES, 12/10 |
| CONFERENCE CALLS: | UPON DEMAND |
| GLOBAL INVESTOR CALL |
| DATE: | MON, 12/9 |
| TIME: | 2:30PM EST |
| US DIAL-IN: | (877) 741-2974 |
| INTERNATIONL DIAL-IN: | (765) 356-0706 |
| CONFERENCE ID: | 20300405 |
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.
-------------------------------------------------------------------------------
If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid2. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb3.
This email is subject to a disclaimer, please click on the following link or cut and paste the link into the address bar of your browser.
https://www.wellsfargo.com/com/disclaimer/ged5
