| | | FREE WRITING PROSPECTUS |
| | | FILED PURSUANT TO RULE 433 |
| | | REGISTRATION FILE NO.: 333-195164-01 |
| | | |
----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: Sep 2 2014 10:52:54
WFRBS COMMERCIAL MORTGAGE TRUST 2014-C22 - PUBLIC NEW ISSUE
**ANNOUNCEMENT** $1,266.319 MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES AND RBS
CO-MANAGER: DEUTSCHE BANK SECURITIES
OFFERED CERTIFICATES - PUBLIC
| CLASS | FITCH/KBRA/MDY | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY |
| A-1 | AAAsf/AAA(sf)/Aaa(sf) | 57.333 | 2.73 | 30.000% | 34.0% | 18.0% |
| A-2 | AAAsf/AAA(sf)/Aaa(sf) | 75.863 | 4.89 | 30.000% | 34.0% | 18.0% |
| A-3 | AAAsf/AAA(sf)/Aaa(sf) | 59.936 | 6.92 | 30.000% | 34.0% | 18.0% |
| A-4 | AAAsf/AAA(sf)/Aaa(sf) | 360.000 | 9.84 | 30.000% | 34.0% | 18.0% |
| A-5 | AAAsf/AAA(sf)/Aaa(sf) | 386.043 | 9.89 | 30.000% | 34.0% | 18.0% |
| A-SB | AAAsf/AAA(sf)/Aaa(sf) | 102.144 | 7.44 | 30.000% | 34.0% | 18.0% |
| A-S | AAAsf/AAA(sf)/Aa1(sf) | 104.132 | 9.96 | 23.000% | 37.3% | 16.3% |
| B | AA-sf/AA-(sf)/Aa3(sf) | 68.802 | 9.96 | 18.375% | 39.6% | 15.4% |
| C | A-sf/A-(sf)/A3(sf) | 52.066 | 9.96 | 14.875% | 41.3% | 14.8% |
| PEX | A-sf/A-(sf)/A1(sf) | 225.000 | 9.96 | 14.875% | 41.3% | 14.8% |
| X-A | AAAsf/AAA(sf)/NR | 1,145.451 | N/A | N/A | N/A | N/A |
| X-B | NR/AAA(sf)/NR | 232.438 | N/A | N/A | N/A | N/A |
| NON-OFFERED CERTIFICATES - PRIVATE (144A) | |
| CLASS | FITCH/KBRA/MDY | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY |
| D | BBB-sf/BBB-(sf)/NR | 111.570 | 9.96 | 7.375% | 44.9% | 13.6% |
COLLATERAL SUMMARY
| CUT-OFF DATE BALANCE: | $1,487,599,794 |
| NUMBER OF LOANS: | 129 |
| NUMBER OF PROPERTIES: | 172 |
| WA CUT-OFF LTV: | 64.6% |
| WA BALLOON LTV: | 57.3% |
| WA U/W NCF DSCR: | 2.16x |
| WA U/W NOI DEBT YIELD: | 12.6% |
| WA MORTGAGE RATE: | 4.506% |
| TOP TEN LOANS %: | 43.6% |
| WA TERM TO MATURITY (MOS): | 115 |
| WA AMORTIZATION TERM (MOS): | 363 |
| WA SEASONING (MOS): | 1 |
| | |
| LOAN SELLERS: | WFB (44.4%), RBS (20.9%), RMF (10.6%), |
| | LIG I (7.4%), NCB, FSB (4.5%), C-III (4.3%), BASIS (3.9%), WDCPF (3.9%), |
| | |
| TOP 5 PROPERTY TYPES: | OFFICE (26.3%), MULTIFAMILY (16.8%), |
| | HOSPITALITY (15.3%), RETAIL (12.9%), MIXED USE (12.8%) |
| | |
| TOP 5 STATES: | CA(21.4%), NY(14.1%), TX(9.5%), FL(9.4%), CT(7.1%) |
| | |
| MASTER SERVICERS: | WELLS FARGO BANK, NATIONAL ASSOCIATION AND NCB, FSB |
| SPECIAL SERVICERS: | CWCAPITAL ASSET MANAGEMENT, LLC AND NCB, FSB |
| SUBORDINATE CLASS REP: | AN AFFILIATE OF SEER CAPITAL MANAGEMENT LP |
| | |
| DOCUMENTS & TIMING | |
| TERM SHEET, ANNEX A-1: | ATTACHED |
| PRELIMINARY FWP: | ATTACHED |
| PRESALE REPORTS: | SEPTEMBER 2, 2014 |
| ANTICIPATED PRICING: | END OF WEEK OF 9/1 / BEGINNING OF WEEK OF 9/8 |
| ANTICIPATED SETTLEMENT: | SEPTEMBER 29, 2014 |
| | |
| ROADSHOW | |
| CONFERENCE CALLS: | UPON DEMAND |
| | |
| HARTFORD, BREAKFAST: | TUES, 9/2 @ 8:30AM ET, MAX'S DOWNTOWN |
| BOSTON, LUNCH: | TUES, 9/2 @ 12:00PM ET, THE LANGHAM |
| NEW YORK 1x1's: | WED, 9/3 |
| MINNEAPOLIS, BREAKFAST: | THURS, 9/4 @ 7:30AM CT, GRAND HOTEL MINNEAPOLIS |
| | |
| GLOBAL INVESTOR CALL: | PRE-RECORDED, AVAILABLE TUES, 9/2 |
| | U.S. DIAL IN: 1-800-304-6516 (PASSCODE: 13611) |
| | INTERNATIONAL: 1-404-504-7197 (PASSCODE: 13611) |
| | http://www.netroadshow.com (ENTRY CODE: WFRBS2014) |
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. 333-195164) 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 many 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/wfid3. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb4.
