FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-172366-10 | ||
----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: Nov 21 2013 16:32:48
WFRBS COMMERCIAL MORTGAGE TRUST 2013-UBS1 - PUBLIC NEW ISSUE
**LAUNCH** $642.171MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES, RBS and UBS
CO-MANAGER: DREXIL HAMITLON
OFFERED CERTIFICATES - PUBLIC | |||||||
CLASS | KBRA/MDY/S&P | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY | LAUNCH |
A-1 | AAA(sf)/Aaa(sf)/AAA(sf) | 27.667 | 2.67 | 30.000% | 41.6% | 16.0% | 55 |
A-2 | AAA(sf)/Aaa(sf)/AAA(sf) | 158.816 | 4.95 | 30.000% | 41.6% | 16.0% | 83 |
A-3 | AAA(sf)/Aaa(sf)/AAA(sf) | 130.000 | 6.93 | 30.000% | 41.6% | 16.0% | 96 |
A-4 | AAA(sf)/Aaa(sf)/AAA(sf) | 154.507 | 9.89 | 30.000% | 41.6% | 16.0% | 93 |
A-SB | AAA(sf)/Aaa(sf)/AAA(sf) | 37.660 | 7.52 | 30.000% | 41.6% | 16.0% | 85 |
A-S | AAA(sf)/Aaa(sf)/AAA(sf) | 47.232 | 9.93 | 23.500% | 45.4% | 14.7% | 115 |
B | AA-(sf)/Aa3(sf)/AA-(sf) | 49.957 | 9.93 | 16.625% | 49.5% | 13.4% | 165 |
C | A-(sf)/A3(sf)/A-(sf) | 36.332 | 9.93 | 11.625% | 52.5% | 12.7% | 230 |
X-A | AAA(sf)/Aaa(sf)/AAA(sf) | 555.882 | N/A | N/A | N/A | N/A | |
X-B | AAA(sf)/Aa3(sf)/AA-(sf) | 49.957 | N/A | N/A | N/A | N/A | |
NON-OFFERED CERTIFICATES - PRIVATE (144A) | |||||||
CLASS | KBRA/MDY/S&P | $SIZE(MM) | WAL | C/E | CUM LTV | NOI DY | |
D | BBB-(sf)/NR/BBB-(sf) | 33.607 | 9.97 | 7.000% | 55.2% | 12.1% |
COLLATERAL SUMMARY
CUT-OFF DATE BALANCE: | $726,643,595 |
NUMBER OF LOANS: | 57 |
NUMBER OF PROPERTIES: | 103 |
WA CUT-OFF LTV: | 61.0% |
WA BALLOON LTV: | 54.9% |
WA U/W DSCR: | 1.98x |
WA U/W NOI DEBT YIELD: | 11.2% |
WA MORTGAGE RATE: | 4.667% |
TOP TEN LOANS %: | 55.0% |
WA TERM TO MATURITY (MOS): | 99 |
WA AMORTIZATION TERM (MOS): | 351 |
WA SEASONING (MOS): | 1 |
LOAN SELLERS: | WFB (48.4%), UBSRES (25.0%), RMF (15.0%), |
RBS (11.6%) | |
TOP 5 PROPERTY TYPES: | RETAIL (30.6%), MULTIFAMILY (19.8%), |
HOSPITALITY (13.0%), MIXED USED (11.5%), | |
SELF STORAGE (7.9%) | |
TOP 5 STATES: | NJ(17.9%), TX(11.7%), IL(10.6%), CO(7.1%), CA(7.0%) |
MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
SPECIAL SERVICER: | CWCAPITAL ASSET MANAGEMENT LLC |
SUBORDINATE CLASS REP: | RAITH CAPITAL MANAGEMENT, LLC |
DOCUMENTS & TIMING | |
TERM SHEET, ANNEX A: | ATTACHED |
PRELIMINARY FWP: | NOVEMBER 19 |
PRESALE REPORTS: | MID-WEEK OF 11/18 |
ANTICIPATED PRICING: | FRIDAY 11/22 |
ANTICIPATED SETTLEMENT: | DECEMBER 11, 2013 |
GLOBAL INVESTOR CALL REPLAY
Replay Dial In #: (855) 859-2056 or (404) 537-3406 Conference ID: 11294751
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.