FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-172366-04 | ||
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2012-LC5 (WFCM 2012-LC5)
PUBLIC NEW ISSUE
$1,046.676MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES and RBS
CO-MANAGER: LADDER CAPITAL SECURITIES and CITIGROUP
OFFERED CERTIFICATES - PUBLIC
CLASS | F/MDY | SIZE($MM) | WAL | C/E | CUM LTV | NOI DY | ||||||
A-1 | AAA(sf)/Aaa(sf) | 81.143 | 2.55 | 30.000% | 38.4% | 16.9% | ||||||
A-2 | AAA(sf)/Aaa(sf) | 156.188 | 4.91 | 30.000% | 38.4% | 16.9% | ||||||
A-3 | AAA(sf)/Aaa(sf) | 466.683 | 9.87 | 30.000% | 38.4% | 16.9% | ||||||
A-SB | AAA(sf)/Aaa(sf) | 100.000 | 7.34 | 30.000% | 38.4% | 16.9% | ||||||
A-S | AAA(sf)/Aaa(sf) | 124.524 | 9.96 | 20.250% | 43.7% | 14.9% | ||||||
B | AA-(sf)/Aa3(sf) | 76.630 | 9.96 | 14.250% | 47.0% | 13.8% | ||||||
C | A-(sf)/A3(sf) | 41.508 | 9.96 | 11.000% | 48.8% | 13.3% |
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS | F/MDY | SIZE($MM) | WAL | C/E | CUM LTV | NOI DY | ||||||
A-FL | AAA(sf)/Aaa(sf) | 90.000 | 9.63 | 30.000% | 38.4% | 16.9% | ||||||
D | BBB-(sf)/Baa3(sf) | 49.490 | 10.03 | 7.125% | 50.9% | 12.8% |
COLLATERAL SUMMARY
CUT-OFF DATE BALANCE: $1,277,164,194
NUMBER OF LOANS: 70
NUMBER OF PROPERTIES: 124
WA CUT-OFF LTV: 61.1%
WA BALLOON LTV: 51.4%
WA U/W DSCR: 1.86x
WA U/W NOI DEBT YIELD: 11.9%
WA MORTGAGE RATE: 4.807%
TOP TEN LOANS %: 52.2%
WA TERM TO MATURITY (MOS): 111
WA AMORTIZATION TERM (MOS): 346
WA SEASONING (MOS): 1
LOAN SELLERS: WFB (41.8%), LCF (35.9%), RBS (22.4%)
TOP 5 PROPERTY TYPES: RT(42.4%),OF(22.1%),HOT(19.1%),IND(4.0%),SS(3.9%)
TOP 5 STATES: CA(19.7%),NY(19.4%),TX(14.4%),FL(8.9%),VA(4.9%)
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER: RIALTO CAPITAL ADVISORS, LLC
SUBORDINATE CLASS REP: RIALTO REAL ESTATE FUND, LP
DOCUMENTS & TIMING
TERM SHEET, RED, ANNEX A: ATTACHED
PRESALE REPORTS: WED/THU, 9/12-13
ANTICIPATED PRICING: WEEK OF 9/17
ANTICIPATED SETTLEMENT: SEPTEMBER 28, 2012
ROADSHOW
NEW YORK 1x1's: WED/THU, 9/12-13
CONFERENCE CALLS: UPON DEMAND
MINNEAPOLIS, BREAKFAST: FRI, 9/14 @ 7:30AM CST, GRAND HOTEL
HARTFORD, BREAKFAST: FRI, 9/14 @ 8:30AM EST, MAX'S DOWNTOWN
BOSTON, LUNCH: FRI, 9/14 @ 12:00PM EST, LANGHAM HOTEL
GLOBAL INVESTOR CALL
DATE: WED, 9/12
TIME: 2:00PM EST
US DIAL-IN: (866) 490-4070
INTERNATIONAL DIAL-IN: (706) 758-3447
CONFERENCE ID: 28261729
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