Free Writing Prospectus
Filed Pursuant to Rule 433
File No.: 333-131262-09
This material is for your private information, and none of Wachovia Capital
Markets, LLC and Nomura Securities International, Inc. (collectively, the
"Underwriters") is soliciting any action based upon it. This material is not to
be construed as an offer to sell or the solicitation of any offer to buy any
security in any jurisdiction where such an offer or solicitation would be
illegal. The depositor has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission ("SEC") 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 (SEC File No. 333-131262) for more complete information about
the depositor, the issuing trust 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 Underwriters 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 (8am-5pm EST). The certificates referred to in these
materials, and the asset pools backing them, are subject to modification or
revision (including the possibility that one or more classes of certificates may
be split, combined or eliminated at any time prior to issuance or availability
of a final prospectus) and are offered on a "when, as and if issued" basis. You
understand that, when you are considering the purchase of these offered
certificates, a contract of sale will come into being no sooner than the date on
which the relevant class has been priced and we have confirmed the allocation of
certificates to be made to you; any "indications of interest" expressed by you,
and any "soft circles" generated by us, will not create binding contractual
obligations for you or us. As a result of the foregoing, you may commit to
purchase offered certificates that have characteristics that may change, and you
are advised that all or a portion of the offered certificates may not be issued
that have the characteristics described in these materials. Our obligation to
sell offered certificates to you is conditioned on the offered certificates that
are actually issued having the characteristics described in these materials. If
we determine that condition is not satisfied in any material respect, we will
notify you, and neither the depositor nor any Underwriters will have any
obligation to you to deliver any portion of the certificates which you have
committed to purchase, and there will be no liability between us as a
consequence of the non-delivery. You have requested that the Underwriters
provide to you information in connection with your consideration of the purchase
of certain certificates described in this information. This information is being
provided to you for informative purposes only in response to your specific
request. The Underwriters described in this information may from time to time
perform investment banking services for, or solicit investment banking business
from, any company named in this information. The Underwriters and/or their
employees may from time to time have a long or short position in any contract or
certificate discussed in this information. The information contained herein
supersedes any previous such information delivered to you and may be superseded
by information delivered to you prior to the time of sale. Notwithstanding
anything herein to the contrary, you (and each of your employees,
representatives or other agents) may disclose to any and all persons, without
limitation of any kind, the United States federal, state and local income "tax
treatment" and "tax structure" (in each case, within the meaning of Treasury
Regulation Section 1.6011-4) and all materials of any kind (including opinions
or other tax analyses) of the transaction contemplated hereby that are provided
to you (or your representatives) relating to such tax treatment and tax
structure, other than the name of the issuer or information that would permit
identification of the issuer, and except that with respect to any document or
similar item that in either case contains information concerning the tax
treatment or tax structure of the transaction as well as other information, this
sentence shall only apply to such portions of the document or similar item that
relate to the United States federal, state and local income tax treatment or tax
structure of the transaction.
WACHOVIA BANK COMMERCIAL MORTGAGE TRUST SERIES 2007-C32
Certain Information Regarding Multifamily Mortgaged Properties
Control ID Loan Seller Property Name Property Address Property City
- ------------ ----------- ---------------------------------------- -------------------------------- -------------
502860408 Wachovia Mountain Shadow Apartments 695 East Patriot Boulevard Reno
502860406 Wachovia Summit Trails Apartments 1350 Grand Summit Drive Reno
502859891 Wachovia Estancia Apartments 1720 East D Street Ontario
502860449 Wachovia Le Coeur du Monde Apartments 2035 Clermont Crossing Drive Saint Louis
502860360 Wachovia Chartwell Court Apartments 15100 Ella Boulevard Houston
502860437 Wachovia Deerwood Crossing Apartments 1710 Franciscan Terrace Winston-Salem
502860415 Wachovia Dutch Village Apartments 1500 Zuider Zee Drive Winston-Salem
502859357 Wachovia Village Square Apartments 100 Tonto Trail Lafayette
502860030 Wachovia 5724-32 South Blackstone Avenue 5724-32 South Blackstone Avenue Chicago
502860273 Wachovia 4717 North Winthrop Apartments 4717 North Winthrop Avenue Chicago
502859657 Wachovia The Renaissance 100 John Street New York
502858868 Wachovia Arbors at Broadlands 21411 Deepwoods Terrace Ashburn
502859688 Wachovia Azul at Spectrum Apartments 3134 South Market Street Gilbert
502859690 Wachovia Borrego at Spectrum Apartments 3004 South Market Street Gilbert
502859429 Wachovia Environs Residential Rental Community 3323 West 96th Circle Westminster
502860470 Wachovia Porto Bella 10853 Firestone Boulevard Norwalk
502860552 Wachovia Little Rock Pool Various Little Rock
502860552 0 Chenal Lakes Apartments 13500 Chenal Parkway Little Rock
502860552 0 Brightwaters Apartments 2420 Riverfront Drive Little Rock
509850640 Wachovia Town Center Apartments 2727 Bens Branch Drive Kingwood
502859519 Wachovia The Gates at Citiplace Apartments 2500 Gates Circle Baton Rouge
502860544 Wachovia The Apartments at 1515 West Morse Avenue 1515 West Morse Avenue Chicago
502859654 Wachovia 7400 Apartments 7400 Roosevelt Boulevard Philadelphia
502859655 Wachovia Imperial Towers Apartments 3801 Conshohocken Avenue Philadelphia
502859724 Wachovia Stanford Place II Apartments 37 Van Mark Way Saint Louis
502859280 Wachovia The Centre Apartments 5200 Croyden Avenue Kalamazoo
502859147 Wachovia 100 Midtown - Student Apartments 100 10th Street, NW Atlanta
502855299 Wachovia Pine Winds Apartments 1301 Pine Winds Drive Garner
502859565 Wachovia The Arbors at Port Warwick 1100 William Styron Square South Newport News
502859573 Wachovia Amber Place 6080 Lakeview Road Warner Robins
509850575 Wachovia Villa del Oso 4217 Louisiana Boulevard NE Albuquerque
502861032 Wachovia Vista Montana 8000 Montgomery Boulevard NE Albuquerque
502860703 Wachovia Colony Grove Apartments 1145 West Baseline Road Tempe
010-00002027 Artesia Sunnygate Village Apartments 10120 Woodbury Drive Manassas
010-00001962 Artesia Fountain Park Apartments 12525 South Kirkwood Road Stafford
010-00001998 Artesia Clearwater Estates III and IV 6887 and 6889 Clearwater Road Baxter
General Property
Control ID County Property State Property Zip Code Type Specific Property Type
- ------------ ----------------- -------------- ----------------- ---------------- ------------------------------------
502860408 Washoe NV 89511 Multifamily Conventional
502860406 Washoe NV 89523 Multifamily Conventional
502859891 San Bernardino CA 91764 Multifamily Conventional
502860449 Saint Louis MO 63146 Multifamily Conventional
502860360 Harris TX 77090 Multifamily Conventional
502860437 Forsyth NC 27127 Multifamily Conventional
502860415 Forsyth NC 27127 Multifamily Conventional
502859357 Tippecanoe IN 47905 Multifamily Conventional
502860030 Cook IL 60637 Multifamily Conventional
502860273 Cook IL 60640 Multifamily Conventional
502859657 New York NY 10038 Multifamily Conventional
502858868 Loudoun VA 20148 Multifamily Conventional
502859688 Maricopa AZ 85296 Multifamily Conventional
502859690 Maricopa AZ 85296 Multifamily Conventional
502859429 Adams CO 80031 Multifamily Single Family/Conventional/Townhomes
502860470 Los Angeles CA 90650 Multifamily Conventional
502860552 Pulaski AR Various Multifamily Conventional
502860552 Pulaski AR 72211 Multifamily Conventional
502860552 Pulaski AR 72202 Multifamily Conventional
509850640 Harris TX 77339 Multifamily Conventional
502859519 East Baton Rouge LA 70809 Multifamily Conventional
502860544 Cook IL 60626 Multifamily Conventional
502859654 Philadelphia PA 19152 Multifamily Conventional
502859655 Philadelphia PA 19131 Multifamily Conventional
502859724 Saint Louis MO 63144 Multifamily Conventional
502859280 Kalamazoo MI 49009 Multifamily Student Housing
502859147 Fulton GA 30309 Multifamily Student Housing
502855299 Wake NC 27603 Multifamily Conventional
502859565 Newport News City VA 23606 Multifamily Independent Living
502859573 Houston GA 31088 Multifamily Conventional
509850575 Bernalillo NM 87109 Multifamily Conventional
502861032 Bernalillo NM 87109 Multifamily Conventional
502860703 Maricopa AZ 85283 Multifamily Conventional
010-00002027 Prince William VA 20109 Multifamily Conventional
010-00001962 Fort Bend TX 77477 Multifamily Conventional
010-00001998 Crow Wing MN 56425 Multifamily Conventional
Cut-Off Date
Cut-Off Date Loan Amount Per
Control ID Loan Balance ($) (Unit) Mortgage Rate Origination Date UW NOI DSCR (x) UW NCF DSCR (x)
- ------------ ---------------- --------------- ------------- ---------------- --------------- ---------------
502860408 35,572,500 88,051 5.8100% 05/29/07 1.29x 1.29x
502860406 30,175,000 94,890 5.8100% 05/25/07 1.25x 1.25x
502859891 17,650,000 116,118 6.1500% 04/30/07 1.24x 1.20x
502860449 13,056,000 68,000 5.6500% 04/24/07 1.36x 1.28x
502860360 12,450,000 51,235 5.1800% 05/25/07 1.37x 1.29x
502860437 10,400,000 36,491 5.7200% 04/30/07 1.37x 1.29x
502860415 7,100,000 34,975 5.7200% 04/30/07 1.30x 1.22x
502859357 5,560,000 27,255 5.7400% 04/18/07 1.63x 1.45x
502860030 4,600,000 73,016 5.7800% 05/03/07 1.27x 1.22x
502860273 3,100,000 60,784 5.7500% 05/15/07 1.26x 1.20x
502859657 93,000,000 420,814 5.6700% 04/24/07 1.22x 1.22x
502858868 50,375,000 209,896 5.6400% 02/06/07 1.22x 1.20x
502859688 41,650,000 115,694 5.6200% 03/29/07 1.23x 1.20x
502859690 30,550,000 115,720 5.6200% 03/29/07 1.24x 1.21x
502859429 31,000,000 97,484 5.8300% 04/25/07 1.27x 1.27x
502860470 13,200,000 126,923 5.6500% 04/30/07 1.23x 1.20x
502860552 40,000,000 56,180 5.4800% 05/09/07 1.51x 1.42x
502860552
502860552
509850640 34,000,000 65,637 5.6800% 05/10/07 1.46x 1.42x
502859519 33,700,000 91,328 5.6500% 05/07/07 1.55x 1.50x
502860544 4,700,000 71,212 5.9300% 05/10/07 1.33x 1.27x
502859654 7,400,000 37,755 5.5500% 04/30/07 1.85x 1.73x
502859655 8,080,000 43,441 5.5500% 04/30/07 1.49x 1.33x
502859724 4,350,000 52,410 5.5700% 03/29/07 1.42x 1.35x
502859280 19,875,000 85,668 5.6000% 02/28/07 1.39x 1.32x
502859147 18,000,000 152,542 5.7400% 03/07/07 1.34x 1.30x
502855299 11,600,000 53,704 5.6600% 03/29/07 1.44x 1.35x
502859565 11,278,294 117,482 5.7800% 04/11/07 1.45x 1.42x
502859573 26,000,000 66,327 5.8000% 04/27/07 1.26x 1.20x
509850575 16,180,000 51,859 5.7900% 04/30/07 1.42x 1.35x
502861032 10,820,000 50,093 5.7900% 04/30/07 1.47x 1.40x
502860703 10,700,000 63,314 5.7500% 05/18/07 1.28x 1.28x
010-00002027 10,250,000 77,652 5.6300% 06/06/07 1.20x 1.15x
010-00001962 6,700,000 38,068 5.7300% 05/22/07 1.28x 1.17x
010-00001998 3,735,000 62,250 5.9900% 06/01/07 1.19x 1.15x
Original Term to
Cut-Off Date LTV Maturity or ARD Original Amort Interest-Only Number of Studio
Control ID Ratio (Mos.) Term (Mos.) Period Number of Units Units
- ------------ ---------------- ---------------- -------------- ------------- --------------- ----------------
502860408 77.0% 60 IO 60 404
502860406 78.4% 60 IO 60 318
502859891 72.3% 60 IO 60 152
502860449 79.1% 120 IO 120 192
502860360 75.0% 120 360 60 243
502860437 80.0% 120 360 60 285
502860415 79.3% 120 360 60 203
502859357 79.4% 120 IO 120 204
502860030 73.0% 120 IO 120 63 42
502860273 79.5% 120 IO 120 51 17
502859657 78.8% 60 IO 60 221 184
502858868 78.2% 120 IO 120 240
502859688 74.6% 120 IO 120 360
502859690 73.8% 120 IO 120 264
502859429 78.1% 120 IO 120 318
502860470 80.0% 120 IO 120 104
502860552 80.0% 120 IO 120 712
502860552 456
502860552 256
509850640 79.9% 120 IO 120 518
502859519 79.3% 120 IO 120 369
502860544 75.8% 120 IO 120 66 19
502859654 63.0% 120 IO 120 196
502859655 64.1% 120 IO 120 186 42
502859724 79.8% 120 IO 120 83 1
502859280 79.8% 120 IO 120 232
502859147 76.6% 60 IO 60 118
502855299 80.0% 120 IO 120 216
502859565 53.7% 120 360 0 96 7
502859573 78.8% 120 IO 120 392
509850575 79.3% 60 IO 60 312
502861032 80.2% 60 IO 60 216
502860703 76.4% 120 IO 120 169 6
010-00002027 70.7% 120 360 60 132
010-00001962 80.0% 120 360 0 176 8
010-00001998 79.0% 120 360 0 60
Average
Average Contract Number Contract
Rent - Studio Number of 1 BR Average Contract of 2 BR Average Contract Number of 3 BR Rent - 3
Control ID Units Units Rent - 1 BR Units Units Rent - 2 BR Units Units BR Units
- ------------ ---------------- -------------- ----------------- ------- ----------------- -------------- ---------
502860408 144 810 228 973 32 1,345
502860406 160 780 150 985 5 1,155
502859891 50 947 102 1,174
502860449 96 797 96 962
502860360 81 806 162 942
502860437 76 447 135 553 74 668
502860415 16 446 169 532 18 666
502859357 84 459 98 562 22 637
502860030 721 21 900
502860273 521 33 661 1 790
502859657 2,503 31 3,366 5 4,510
502858868 95 1,422 121 1,581 24 1,675
502859688 168 894 180 1,112 12 1,375
502859690 120 898 132 1,128 12 1,375
502859429 83 849 165 1,093 70 1,152
502860470 104 1,125
502860552 Various Various Various Various Various Various
502860552 188 508 226 731 42 985
502860552 176 536 80 623
509850640 238 736 280 926 1,409
502859519 186 1,033 146 1,123 37 1,596
502860544 600 35 677 12 846
502859654 78 800 117 850 1 925
502859655 713 102 870 42 1,016
502859724 580 20 638 59 717 3 997
502859280 40 639 24 918 60 1,227
502859147 71 1,454
502855299 72 630 96 720 48 810
502859565 1,891 49 2,445 40 3,094
502859573 96 666 264 758 32 880
509850575 132 520 180 635
502861032 84 580 108 690 24 880
502860703 824 82 684 81 805
010-00002027 44 899 88 1,112
010-00001962 480 104 569 48 710 16 835
010-00001998 16 699 40 787 4 919
Number of Under
Number Average Contract Renovation,
of 4 BR Average Contract Number of 4+ BR Rent - 4+ BR Model or Rental Utilities Tenant
Control ID Units Rent - 4 BR Units Units Units Office Units Occupancy Rate Pays
- ------------ ------- ----------------- --------------- ---------------- --------------- -------------- ----------------
502860408 93.0% E,G
502860406 95.0% E,G
502859891 96.7% E,G
502860449 96.3% E,G,T
502860360 91.4% E,W,S,T
502860437 95.1% E
502860415 95.1% E
502859357 87.7% E,G
502860030 95.2% E,G,W,S
502860273 98.0%
502859657 1 11,426 99.1%
502858868 57.1% E,G,W,S
502859688 35.0% E,G,W,S,T
502859690 34.1% E,W,S,T
502859429 90.6% E,G,W,S,T
502860470 90.4% E,G,W,S,T
502860552 93.8% Various
502860552 89.1% E,G,W,S
502860552 94.4% E
509850640 96.3%
502859519 91.3% E
502860544 98.5% E
502859654 99.5% E
502859655 96.2% E,G,W
502859724 95.2% E
502859280 108 1,593 89.9% E
502859147 47 2,477 89.7% E,G,W
502855299 93.1% E,W,S
502859565 89.6% E,G,W,S
502859573 83.9% E,G,S
509850575 92.6% E
502861032 96.3%
502860703 93.5% E,G,W,S,T
010-00002027 86.4% E
010-00001962 94.3% E,W
010-00001998 91.7% E
Total Gross
Total Gross Income from
Total Number of Average Contract Number of RV Income from RV Retail and UW Total
Control ID Elevators Pads Rent per Pads Sites Sites Commercial Uses Revenues ($)
- ------------ --------- --------------- ---------------- ------------ -------------- --------------- ------------
502860408 N 1,680,124
502860406 N 1,296,929
502859891 N 849,979
502860449 N 878,238
502860360 N 1,293,403
502860437 N 801,594
502860415 N 591,358
502859357 N 668,297
502860030 N 206,291
502860273 Y 159,741
502859657 Y 3,247,284
502858868 N 1,196,754
502859688 N 1,468,826
502859690 N 1,092,776
502859429 N 1,945,535
502860470 N 429,847
502860552 N 1,932,576
502860552 N 1,310,548
502860552 N 622,028
509850640 N 2,367,702
502859519 N 1,467,381
502860544 Y 194,515
502859654 Y 1,063,562
502859655 Y 1,261,663
502859724 N 291,898
502859280 N 1,634,053
502859147 Y 1,445,021
502855299 N 772,060
502859565 Y 1,931,672
502859573 N 1,446,729
509850575 N 851,287
502861032 N 769,485
502860703 N 561,140
010-00002027 N 644,425
010-00001962 N 605,275
010-00001998 N 198,137