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
$1,160.364MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES and RBS
CO-MANAGER: DEUTSCHE BANK SECURITIES
OFFERED CERTIFICATES - PUBLIC | |||||||
CLASS | DBRS/KBRA/MDY | SIZE($MM) | WAL | Level | Coupon | Yield | $Px |
A-1 | AAA(sf)/AAA(sf)/Aaa(sf) | 82.960 | 2.45 | 32 | 0.7340 | 0.7239 | 99.9985 |
A-2 | AAA(sf)/AAA(sf)/Aaa(sf) | 85.912 | 4.84 | 50 | 1.7650 | 1.2222 | 102.4971 |
A-3 | AAA(sf)/AAA(sf)/Aaa(sf) | 521.167 | 9.88 | 95 | 2.8750 | 2.5901 | 102.4923 |
A-SB | AAA(sf)/AAA(sf)/Aaa(sf) | 123.890 | 7.36 | 85 | 2.4530 | 2.0810 | 102.4983 |
A-S | AAA(sf)/AAA(sf)/Aaa(sf) | 127.297 | 9.99 | 130 | 3.2410 | 2.9558 | 102.4958 |
B | AA(low)(sf)/AA-(sf)/Aa3(sf) | 76.705 | 9.99 | 180 | 3.7440 | 3.4558 | 102.4963 |
C | A(low)(sf)/A-(sf)/A3(sf) | 42.433 | 9.99 | 250 | 4.3968 | 4.1559 | 102.4973 |
NON-OFFERED CERTIFICATES - PRIVATE (144A) | |||||
CLASS | DBRS/KBRA/MDY | SIZE($MM) | WAL | C/E | |
A-FL | AAA(sf)/AAA(sf)/AAA(sf) | 100.000 | 9.71 | 30.000% | |
D | BBB(low)(sf)/BBB-(sf)/Baa3(sf) | 52.224 | 9.99 | 7.125% |
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. |
TIMING | |
ANTICIPATED SETTLEMENT: | DECEMBER 19, 2012 |
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.
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<http://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<mailto:wfs.cmbs@wellsfargo.com>.
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