----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: Dec 17 2013 16:55:26
WFRBS COMMERCIAL MORTGAGE TRUST 2013-C18 - PRIVATE NEW ISSUE **PRICING DETAILS** $66.169MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES AND RBS
CO-MANAGER: Citi
OFFERED CERTIFICATES - PRIVATE (144A)
| CLASS | DBRS/F/MDY | $SIZE(MM) | WAL | C/E | LEVEL | COUPON | YIELD | $PRICE |
| D | BBB(low)(sf)/BBB-(sf)/NR | 66.169 | 10.06 | 6.375% | 390 | 4.6758 | 6.7934 | 85.8069 |
NON-OFFERED CERTIFICATES - PUBLIC
| CLASS | DBRS/F/MDY | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY |
| A-1 | AAA(sf)/AAA(sf)/Aaa(sf) | 48.516 | 2.74 | 30.000% | 29.8% | 19.7% |
| A-2 | AAA(sf)/AAA(sf)/Aaa(sf) | 103.340 | 4.94 | 30.000% | 29.8% | 19.7% |
| A-3 | AAA(sf)/AAA(sf)/Aaa(sf) | 140.000 | 6.89 | 30.000% | 29.8% | 19.7% |
| A-4 | AAA(sf)/AAA(sf)/Aaa(sf) | 170.000 | 9.96 | 30.000% | 29.8% | 19.7% |
| A-5 | AAA(sf)/AAA(sf)/Aaa(sf) | 201.014 | 9.98 | 30.000% | 29.8% | 19.7% |
| A-SB | AAA(sf)/AAA(sf)/Aaa(sf) | 63.699 | 7.49 | 30.000% | 29.8% | 19.7% |
| A-S | AAA(sf)/AAA(sf)/Aaa(sf) | 70.062 | 10.01 | 23.250% | 32.6% | 18.0% |
| B | AA(low)(sf)/AA-(sf)/Aa3(sf) | 72.657 | 10.06 | 16.250% | 35.6% | 16.5% |
| C | A(low)(sf)/A-(sf)/A3(sf) | 36.329 | 10.06 | 12.750% | 37.1% | 15.8% |
| PEX | A(low)(sf)/A-(sf)/A1(sf) | 179.048 | 10.04 | 12.750% | 37.1% | 15.8% |
| X-A | AAA(sf)/AAA(sf)/Aaa(sf) | 796.631 | N/A | N/A | N/A | N/A |
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 USED (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 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 |
| INTERNATIONAL 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.
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