FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-172366-08 | ||
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2013-LC12
**ANNOUNCEMENT** $1,147.112MM FIXED-RATE CMBS OFFERING (PUBLIC NEW ISSUE)
**ANNOUNCEMENT** $166.936MM FIXED-RATE CMBS OFFERING (PRIVATE NEW ISSUE)
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES AND RBS
CO-MANAGER: CITIGROUP (PUBLIC), BANK OF AMERICA MERRILL LYNCH (CLASS D ONLY)
OFFERED CERTIFICATES - PUBLIC
CLASS | F/KBRA/MDY | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY | PxG |
A-1 | AAA(sf)/AAA(sf)/Aaa(sf) | 130.432 | 3.58 | 30.000% | 46.4% | 15.3% | 70A |
A-2 | AAA(sf)/AAA(sf)/Aaa(sf) | 80.000 | 7.79 | 30.000% | 46.4% | 15.3% | 125A |
A-3 | AAA(sf)/AAA(sf)/Aaa(sf) | 160.000 | 9.76 | 30.000% | 46.4% | 15.3% | - |
A-4 | AAA(sf)/AAA(sf)/Aaa(sf) | 366.055 | 9.83 | 30.000% | 46.4% | 15.3% | 120A |
A-SB | AAA(sf)/AAA(sf)/Aaa(sf) | 149.929 | 7.80 | 30.000% | 46.4% | 15.3% | 110A |
A-S | AAA(sf)/AAA(sf)/Aaa(sf) | 116.257 | 9.89 | 21.750% | 51.9% | 13.7% | 160A |
B | AA-(sf)/AA-(sf)/Aa3(sf) | 88.072 | 9.96 | 15.500% | 56.0% | 12.7% | 210A |
C | A-(sf)/A-(sf)/A3(sf) | 56.367 | 9.96 | 11.500% | 58.7% | 12.1% | 260A |
PEX | A-(sf)/A-(sf)/A1(sf) | 260.696 | 9.93 | 11.500% | 58.7% | 12.1% | - |
X-A | AAA(sf)/AAA(sf)/Aaa(sf) | 1102.673 | N/A | N/A | N/A | N/A |
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS | F/KBRA/MDY | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY | PxG |
A-3FL | AAA(sf)/AAA(sf)/Aaa(sf) | 100.000 | 9.76 | 30.000% | 46.4% | 15.3% | - |
D | BBB-(sf)/BBB-(sf)/NR | 66.936 | 9.96 | 6.750% | 61.8% | 11.5% | 435A |
COLLATERAL SUMMARY
CUT-OFF DATE BALANCE: | $1,409,166,822 |
NUMBER OF LOANS: | 83 |
NUMBER OF PROPERTIES: | 150 |
WA CUT-OFF LTV: | 67.1% |
WA BALLOON LTV: | 57.2% |
WA U/W DSCR: | 1.75x |
WA U/W NOI DEBT YIELD: | 10.7% |
WA MORTGAGE RATE: | 4.334% |
TOP TEN LOANS %: | 56.2% |
WA TERM TO MATURITY (MOS): | 115 |
WA AMORTIZATION TERM (MOS): | 342 |
WA SEASONING (MOS): | 1 |
LOAN SELLERS: | LCF (39.3%), RBS (33.9%), WFB (26.8%) |
TOP 5 PROPERTY TYPES: | RETAIL (39.8%), OFFICE (21.8%), |
MHC (12.9%), HOSPITALITY (12.0%), | |
MULTIFAMILY (5.8%) | |
TOP 5 STATES: | FL(12.1%), NC(8.3%), GA(7.9%), VA(7.3%), MI(6.8%) |
MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
SPECIAL SERVICER: | RIALTO CAPITAL ADVISORS, LLC |
SUBORDINATE CLASS REP: | RIALTO REAL ESTATE FUND, LP |
TRUST ADVISOR: | PARK BRIDGE LENDER SERVICES LLC |
DOCUMENTS & TIMING
ANTICIPATED PRICING: | LATE WEEK OF 7/8/EARLY WEEK OF 7/15 |
ANTICIPATED SETTLEMENT: | July 30, 2013 |
ROADSHOW
NEW YORK 1x1's: | TUES, 7/9 |
CONFERENCE CALLS: | UPON DEMAND |
MINNEAPOLIS, BREAKFAST: | TUES, 7/9 @ 8:00AM CST, GRAND HOTEL MINNEAPOLIS |
HARTFORD, BREAKFAST: | WED, 7/10 @ 8:30AM EST, MAX'S DOWNTOWN |
BOSTON, LUNCH: | WED, 7/10 @ 12:00PM EST, LANGHAM |
GLOBAL INVESTOR CALL
DATE: | TUES, 7/9 |
TIME: | 2:30PM EST |
US DIAL-IN: | (866) 490-4070 |
INTERNATIONL DIAL-IN: | (706) 758-3447 |
CONFERENCE ID: | 14483376 |
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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