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WFRBS Commercial Mortgage Trust 2012-C10

Filed: 25 Nov 12, 7:00pm
  FREE WRITING PROSPECTUS
  FILED PURSUANT TO RULE 433
  
REGISTRATION FILE NO.: 333-172366-05
 
   
 
WFRBS COMMERCIAL MORTGAGE TRUST 2012-C10 (WFRBS 2012-C10)
PUBLIC NEW ISSUE
$1,160.364MM FIXED-RATE CMBS OFFERING
 
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES and RBS
CO-MANAGER: DEUTSCHE BANK SECURITIES
 
OFFERED CERTIFICATES - PUBLIC
CLASSDBRS/KBRA/MDYSIZE($MM)WALC/ECUM LTVNOI DY
A-1AAA(sf)/AAA(sf)/Aaa(sf)82.9602.4530.000%43.1%16.9%
A-2AAA(sf)/AAA(sf)/Aaa(sf)85.9124.8430.000%43.1%16.9%
A-3AAA(sf)/AAA(sf)/Aaa(sf)621.1679.8630.000%43.1%16.9%
A-SBAAA(sf)/AAA(sf)/Aaa(sf)123.8907.3630.000%43.1%16.9%
A-SAAA(sf)/AAA(sf)/Aaa(sf)127.2979.9920.250%49.1%14.8%
BAA(low)(sf)/AA-(sf)/Aa3(sf)76.7059.9914.375%52.7%13.8%
CA(low)(sf)/A-(sf)/A3(sf)42.4339.9911.125%54.7%13.3%
 
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASSDBRS/KBRA/MDYSIZE($MM)WALC/ECUM LTVNOI DY
DBBB(low)(sf)/BBB-(sf)/Baa3(sf)52.2249.997.125%57.2%12.7%
 
COLLATERAL SUMMARY
 
CUT-OFF DATE BALANCE: $1,305,613,775
NUMBER OF LOANS: 85
NUMBER OF PROPERTIES: 122
WA CUT-OFF LTV: 62.6%
WA BALLOON LTV: 51.9%
WA U/W DSCR: 1.82x
WA U/W NOI DEBT YIELD: 11.8%
WA MORTGAGE RATE: 4.495%
TOP TEN LOANS %: 48.9%
WA TERM TO MATURITY (MOS): 115
WA AMORTIZATION TERM (MOS): 337
WA SEASONING (MOS): 1
 
LOAN SELLERS:          WFB (50.3%), RBS (29.7%), LIG I (12.5%),
                                        Basis (4.2%), C-III (3.3%)
 
TOP 5 PROPERTY TYPES:       RT(43.8%),HOT(18.8%),OF(17.2%),IND(6.8%),SS(4.5%)
 
TOP 5 STATES:               NC(18.1%),CO(9.6%),FL(8.9%),OH(7.0%),IL(6.5%)
 
MASTER SERVICER:            WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:           MIDLAND LOAN SERVICES
SUBORDINATE CLASS REP:      EIGHTFOLD REAL ESTATE CAPITAL FUND II, L.P.
 
DOCUMENTS & TIMING
TERM SHEET, RED, ANNEX A:   ATTACHED
PRESALE REPORTS:            TUE/WED, 11/27-28
ANTICIPATED PRICING:        LATE WEEK OF 11/26
ANTICIPATED SETTLEMENT:     DECEMBER 19, 2012
 
ROADSHOW
 NEW YORK 1x1's:            MON/TUE, 11/26-27
 CONFERENCE CALLS:          UPON DEMAND
 
 MINNEAPOLIS, BREAKFAST:    TUE, 11/27 @  7:30AM CST, THE MARQUETTE
 HARTFORD, BREAKFAST:       WED, 11/28 @  8:30AM EST, MAX'S DOWNTOWN
 BOSTON, LUNCH:             WED, 11/28 @ 12:00PM EST, TAJ BOSTON
 
GLOBAL INVESTOR CALL
 DATE:                      TUE, 11/27
 TIME:                      2:00PM EST
 US DIAL-IN:
 INTERNATIONAL DIAL-IN:
 CONFERENCE ID:
 
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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If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales rep for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb2.