-----Original Message-----
From: Rbs Abs Syndicate (RBS SECURITIES INC) [mailto:rbsgc.abs@bloomberg.net]
Sent: Wednesday, November 12, 2014 9:45 AM
Subject: NEW ISSUE CMBS: WFRBS 2014-C25 *PUBLIC ANNOUNCEMENT*
WFRBS COMMERCIAL MORTGAGE TRUST 2014-C25 - PUBLIC NEW ISSUE
**ANNOUNCEMENT** $754.253MM CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: RBS AND WELLS FARGO SECURITIES
CO-MANAGER: DEUTSCHE BANK SECURITIES
OFFERED CERTIFICATES - PUBLIC
| CLASS | D/MDY/MSTR | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY |
| A-1 | AAA(sf)/Aaa(sf)/AAA | 31.829 | 3.02 | 30.000% | 39.3% | 16.1% |
| A-2 | AAA(sf)/Aaa(sf)/AAA | 42.727 | 4.96 | 30.000% | 39.3% | 16.1% |
| A-3 | AAA(sf)/Aaa(sf)/AAA | 35.436 | 6.93 | 30.000% | 39.3% | 16.1% |
| A-4 | AAA(sf)/Aaa(sf)/AAA | 210.000 | 9.82 | 30.000% | 39.3% | 16.1% |
| A-5 | AAA(sf)/Aaa(sf)/AAA | 235.917 | 9.93 | 30.000% | 39.3% | 16.1% |
| A-SB | AAA(sf)/Aaa(sf)/AAA | 57.127 | 7.44 | 30.000% | 39.3% | 16.1% |
| A-S | AAA(sf)/Aa1(sf)/AAA | 73.345 | 9.93 | 21.625% | 44.0% | 14.4% |
| B | AA(low)(sf)/Aa3(sf)/AA- | 38.315 | 9.93 | 17.250% | 46.4% | 13.6% |
| C | A(low)(sf)/A3(sf)/A- | 29.557 | 9.93 | 13.875% | 48.3% | 13.1% |
| NON-OFFERED CERTIFICATES - PRIVATE (144A) |
| CLASS | D/MDY/MSTR | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY |
| D | BBB(low)(sf)/NR/BBB- | 61.304 | 9.95 | 6.875% | 52.3% | 12.1% |
COLLATERAL SUMMARY
| CUT-OFF DATE BALANCE: | $875,766,284 |
| NUMBER OF LOANS: | 59 |
| NUMBER OF PROPERTIES: | 73 |
| WA CUT-OFF LTV: | 62.0% |
| WA BALLOON LTV: | 55.0% |
| WA U/W DSCR: | 1.91x |
| WA U/W NOI DEBT YIELD: | 11.3% |
| WA MORTGAGE RATE: | 4.411% |
| TOP TEN LOANS %: | 56.4% |
| WA TERM TO MATURITY (MOS): | 114 |
| WA AMORTIZATION TERM (MOS): | 357 |
| WA SEASONING (MOS): | 1 |
| | |
| LOAN SELLERS: | WFB (42.6%), RBS (17.0%), RIALTO (16.8%), |
| | SPREF (12.1%), BASIS (6.4%), C-III (4.1%) |
| | LIG I (1.1%) |
| | |
| TOP 5 PROPERTY TYPES: | MULTIFAMILY (32.5%), RETAIL (31.0%), |
| | OFFICE (11.5%), HOSPITALITY (10.3%), |
| | OTHER (5.9%) |
| | |
| TOP 5 STATES: | FL(14.6%), TX(12.8%), CO(11.4%), OH(10.3%), MO(8.6%) |
| | |
| MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
| SPECIAL SERVICER: | CWCAPITAL ASSET MANAGEMENT, LLC |
| SUBORDINATE CLASS REP: | AN AFFILIATE OF SEER CAPITAL MANAGEMENT, LP |
| | |
| DOCUMENTS & TIMING | |
| TERM SHEET, ANNEX A: | AVAILABLE |
| PRELIMINARY FWP: | AVAILABLE |
| PRESALE REPORTS: | WEDNESDAY/THURSDAY |
| ANTICIPATED PRICING: | LATE THIS WEEK, EARLY WEEK OF 11/17 |
| ANTICIPATED SETTLEMENT: | DECEMBER 12, 2014 |
| | |
| ROADSHOW | |
| HARTFORD, BREAKFAST: | WED, 11/12 @ 8:30AM EST, MAX'S DOWNTOWN |
| BOSTON, LUNCH: | WED, 11/12 @ 12:00PM EST, THE LANGHAM |
| | |
| NEW YORK 1x1's: | THU, 11/13 |
| MINNEAPOLIS, BREAKFAST: | THU, 11/13 @ 7:30AM CST, GRAND HOTEL MINNEAPOLIS |
| | |
| CONFERENCE CALLS: | UPON DEMAND |
GLOBAL INVESTOR CALL
PRE-RECORDED: WWW.NETROADSHOW.COM
REVIEW CODE : WFRBS2014C25
DIRECT LINK : http://www.netroadshow.com/nrs/wp/default.html?show=8b0EdB
The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov . Alternatively, RBS Securities Inc. will arrange to send you the base prospectus at no charge if you request it by calling 1-866-884-2071.
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This communication has been prepared by RBS plc, RBS N.V. or affiliate. It may constitute an invitation to consider a derivatives transaction. It is not within the requirements to promote the independence of research or an offering document and is not an offer, recommendation, nor confirmation of terms. Certain transactions mentioned may give rise to substantial risks and may not be suitable for all investors. RBS may have positions, deal or make markets in these securities or related derivatives. Prices are based on current information and are subject to change. RBS makes no representation or warranties to accuracy or completeness. http://www.rbsm.com/psp/public/pagebuilder.aspx?page=co0150
