FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-180779-05 | ||
----- Original Message -----
From: MS CMBS DISTRIBUTION (MORGAN STANLEY & CO.)
At: Oct 2 2013 08:15:52
NEW ISSUE CMBS:$1,276MM MORGAN STANLEY BofA MERRILL LYNCH SERIES 2013-C12
CO-LEAD MANAGERS & BOOKRUNNERS: MORGAN STANLEY & BofA MERRILL LYNCH
CO-MANAGER: CIBC
PUBLICLY OFFERED CERTIFICATES
CLASS | FITCH/KBRA/MDY'S | SIZE($MM) | CE(%) | WAL(YRS) | WINDOW | CUM LTV% | NOI DY% | |||||||
A-1 | AAA(sf)/AAA(sf)/Aaa(sf) | 80.300 | 30.000% | 2.67 | 1-58 | 44.2% | 15.3% | |||||||
A-2 | AAA(sf)/AAA(sf)/Aaa(sf) | 161.200 | 30.000% | 4.93 | 58-60 | 44.2% | 15.3% | |||||||
A-SB | AAA(sf)/AAA(sf)/Aaa(sf) | 107.200 | 30.000% | 7.27 | 60-113 | 44.2% | 15.3% | |||||||
A-3 | AAA(sf)/AAA(sf)/Aaa(sf) | 260.000 | 30.000% | ***** NOT AVAILABLE ***** | ||||||||||
A-4 | AAA(sf)/AAA(sf)/Aaa(sf) | 284.721 | 30.000% | 9.81 | 117-119 | 44.2% | 15.3% | |||||||
A-S* | AAA(sf)/AAA(sf)/Aaa(sf) | 52.649 | 21.750% | 9.89 | 119-119 | 49.5% | 13.7% | |||||||
B* | AA-(sf)/AA(sf)/Aa3(sf) | 37.492 | 15.875% | 9.89 | 119-119 | 53.2% | 12.7% | |||||||
C* | A-(sf)/A(sf)/A3(sf) | 26.324 | 11.750% | 9.89 | 119-119 | 55.8% | 12.1% | |||||||
PST | A-(sf)/A(sf)/A3(sf) | 116.464 | 11.750% | ***** NOT AVAILABLE ***** | ||||||||||
X-A | AAA(sf)/AAA(sf)/Aaa(sf) | ~$66MM APPROX PROCEEDS *50% OF TOTAL CLASS IS AVAILABLE |
POOL BALANCE: | $1,276MM |
NUMBER OF LOANS/PROPERTIES: | 72/93 |
WA MORTGAGE INT. RATE: | 4.796% |
WA CUT-OFF LTV: | 63.2% |
WA UNDERWRITTEN DSCR: | 1.60x |
WA UNDERWRITTEN DEBT YLD: | 10.7% |
WA TERM TO MATURITY: | 112 |
WA AMORTIZING TERM: | 343 |
TEN LARGEST LOANS: | 48.7% |
LOAN SELLERS: | MORGAN STANLEY(59%), BAML(31%), CIBC(10%) |
TOP 5 STATES: | TX(13.4%),NY(11.4%),FL(10.9%),NH(10.2%),CA(9.5%) |
TOP 5 PROPERTY TYPES: | RT(47.5%),OF(15.9%),HOS(13.7%),MF(10.5%),MH(5.0%) |
MASTER SERVICER: | WELLS FARGO BANK |
SPECIAL SERVICER: | MIDLAND LOAN SERVICES |
TRUSTEE/CERT ADMIN: | US BANK NATIONAL ASSOCIATION |
TRUST ADVISOR: | TRIMONT REAL ESTATE ADVISORS |
B PIECE BUYER: | BLACKROCK |
INVESTOR GROUP CALL: | 10/3, 11:30 AM EDT (1 888 339 2688//Code: 22683466) |
NY CALLS: | WEDS 10/2-MON 10/7 |
HARTFORD BFAST: | 10/2, 8:30 AM EDT (MAX'S ON ASYLUM) |
BOSTON MEETING: | 10/2, 2:30 PM EDT (MANDARIN HOTEL ON BOYLESTON) |
MINNEAPOLIS MEETING: | 10/3, 8:30 AM EDT (THE GRAND HOTEL) |
EXPECTED PRICING: | WEEK OF 10/7 |
EXPECTED SETTLEMENT: | 10/23/2013 |
ATTACHED TO ANNOUNCEMENT: | TERM SHEET, APPENDIX I, FWP |
*** The depositor has filed a registration statement (including a prospectus) with the SEC (File # 333-180779) for the offering to which this free writing prospectus 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 if you request it by calling toll free 1-866-718-1649 or by email to prospectus@ms.com. ***
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