STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION. This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Xxxxxxxxxx & Co., Natixis Securities Americas LLC, CastleOak Securities, L.P., Guggenheim Securities, LLC, KeyBanc Capital Markets Inc., or any other underwriter (the “Underwriters”) are 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. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the COMM 2015-CCRE22 Mortgage Trust Commercial Mortgage Pass-Through Certificates (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the depositor's view only as of the date hereof. Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-193376) 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 Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting XXXXX on the SEC website at xxx.xxx.xxx. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email to the following address: xxxxxxxxxx.xxxx@xx.xxx. The offered certificates referred to in these materials, and the asset pool 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 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 verified 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. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 -----Original Message----- From: Db Cmbs Deutsche Bank (DEUTSCHE BANK SECURI) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sent: Thursday, March 12, 2015 11:53 AM Subject: COMM 2015-CCRE22 **RED** PLEASE FIND THE RED ATTACHED COMM 2015-CCRE22 -- NEW ISSUE CMBS $1.12BN NEW ISSUE CMBS ***PUBLIC OFFERING*** JOINT BOOKRUNNERS & CO-LEAD MANAGERS: DEUTSCHE BANK & CANTOR XXXXXXXXXX CO-MANAGERS: NATIXIS, KEYBANC, CASTLEOAK & GUGGENHEIM RATING AGENCIES: [REDACTED] ***PUBLIC OFFERED CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY A-1 [REDACTED] 46.400 30.000% 2.66 46.2% 13.3% A-2 [REDACTED] 178.900 30.000% 4.70 46.2% 13.3% A-3 [REDACTED] ************ NOT AVAILABLE ************ A-SB [REDACTED] ************ NOT AVAILABLE ************ A-4 [REDACTED] ************ NOT AVAILABLE ************ A-5 [REDACTED] 293.492 30.000% 9.84 46.2% 13.3% A-M [REDACTED] 81.031 23.750% 9.89 50.3% 12.2% B [REDACTED] 76.169 17.875% 9.96 54.2% 11.3% C [REDACTED] 56.721 13.500% 9.96 57.1% 10.8% ***PRIVATE CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY D [REDACTED] 68.066 8.250% 9.96 60.6% 10.1% POOL BALANCE: $1,296,489,958 NUMBER OF LOANS: 65 NUMBER OF PROPERTIES: 74 WA CUT-OFF LTV: 66.0% WA UNDERWRITTEN NCF DSCR: 1.60X WA UNDERWRITTEN NOI DEBT YIELD: 9.3% WA MORTGAGE INTEREST RATE: 4.1469% WA TERM TO MATURITY (MOS): 107 PROPERTY TYPES: OFFICE (43.8%), HOSPITALITY (16.1%), RETAIL (14.6%) OTHER (13.5%), MULTIFAMILY (8.9%), INDUSTRIAL (2.0%) & SELF STORAGE (1.1%) TOP 5 STATES: NY (28.2%), TX (11.5%), CA (8.0%), NJ (7.4%) & MN (7.4%) AMORTIZATION TYPE: INTEREST ONLY, THEN AMORTIZING (41.2%), AMORTIZING BALLOON (28.7%), INTEREST ONLY (18.1%) & INTEREST ONLY, ARD (12.0%) TOP 10 & 5 LOANS AS A % OF POOL: 51.7% & 33.2% MASTER SERVICER: XXXXX FARGO BANK, NA SPECIAL SERVICER: LNR OPERATING ADVISOR: PARK BRIDGE DIRECTING HOLDER: LNR / SEER TRUSTEE: WILMINGTON TRUST, NA
Appears in 2 contracts
Samples: Underwriting Agreement (COMM 2015-Ccre22 Mortgage Trust), Underwriting Agreement (COMM 2015-Ccre22 Mortgage Trust)
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION. This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Xxxxxxxxxx & Co.KeyBanc Capital Markets, Natixis Securities Americas LLC, CastleOak Jxxxxxxxx LLC and Academy Securities, L.P., Guggenheim Securities, LLC, KeyBanc Capital Markets Inc., or any other underwriter (collectively, the “Underwriters”) are 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. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the COMM 20152016-CCRE22 DC2 Mortgage Trust Trust, Commercial Mortgage Pass-Through Certificates (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing preliminary prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the depositor's issuer’s view only as of the date hereof. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing preliminary prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-193376) 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 Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting XXXXX on the SEC website at xxx.xxx.xxx. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email to the following address: xxxxxxxxxx.xxxx@xx.xxx. The offered certificates referred to in these materials, and the asset pool 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 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 verified 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. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 -----Original Message----- From: Db Cmbs Deutsche Bank (DEUTSCHE BANK SECURI) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sent: Thursday, March 12, 2015 11:53 AM Subject: COMM 2015-CCRE22 **RED** PLEASE FIND THE RED ATTACHED COMM 2015-CCRE22 -- NEW ISSUE CMBS $1.12BN NEW ISSUE CMBS ***PUBLIC OFFERING*** JOINT BOOKRUNNERS & CO-LEAD MANAGERS: DEUTSCHE BANK & CANTOR XXXXXXXXXX CO-MANAGERS: NATIXIS, KEYBANC, CASTLEOAK & GUGGENHEIM RATING AGENCIES: [REDACTED] ***PUBLIC OFFERED CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY A-1 [REDACTED] 46.400 30.000% 2.66 46.2% 13.3% A-2 [REDACTED] 178.900 30.000% 4.70 46.2% 13.3% A-3 [REDACTED] ************ NOT AVAILABLE ************ A-SB [REDACTED] ************ NOT AVAILABLE ************ A-4 [REDACTED] ************ NOT AVAILABLE ************ A-5 [REDACTED] 293.492 30.000% 9.84 46.2% 13.3% A-M [REDACTED] 81.031 23.750% 9.89 50.3% 12.2% B [REDACTED] 76.169 17.875% 9.96 54.2% 11.3% C [REDACTED] 56.721 13.500% 9.96 57.1% 10.8% ***PRIVATE CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY D [REDACTED] 68.066 8.250% 9.96 60.6% 10.1% POOL BALANCE: $1,296,489,958 NUMBER OF LOANS: 65 NUMBER OF PROPERTIES: 74 WA CUT-OFF LTV: 66.0% WA UNDERWRITTEN NCF DSCR: 1.60X WA UNDERWRITTEN NOI DEBT YIELD: 9.3% WA MORTGAGE INTEREST RATE: 4.1469% WA TERM TO MATURITY (MOS): 107 PROPERTY TYPES: OFFICE (43.8%), HOSPITALITY (16.1%), RETAIL (14.6%) OTHER (13.5%), MULTIFAMILY (8.9%), INDUSTRIAL (2.0%) & SELF STORAGE (1.1%) TOP 5 STATES: NY (28.2%), TX (11.5%), CA (8.0%), NJ (7.4%) & MN (7.4%) AMORTIZATION TYPE: INTEREST ONLY, THEN AMORTIZING (41.2%), AMORTIZING BALLOON (28.7%), INTEREST ONLY (18.1%) & INTEREST ONLY, ARD (12.0%) TOP 10 & 5 LOANS AS A % OF POOL: 51.7% & 33.2% MASTER SERVICER: XXXXX FARGO BANK, NA SPECIAL SERVICER: LNR OPERATING ADVISOR: PARK BRIDGE DIRECTING HOLDER: LNR / SEER TRUSTEE: WILMINGTON TRUST, NA
Appears in 2 contracts
Samples: Underwriting Agreement (COMM 2016-Dc2 Mortgage Trust), Underwriting Agreement (COMM 2016-Dc2 Mortgage Trust)
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION. This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Xxxxxxxxxx & Co., Natixis Securities Americas LLC, CastleOak Securities, L.P., Guggenheim Securities, LLC, KeyBanc Capital Markets Inc.Inc. and Xxxxxxx, Sachs & Co., or any other underwriter (the “Underwriters”) are 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. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the COMM 2015-CCRE22 LC19 Mortgage Trust Commercial Mortgage Pass-Through Certificates (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor issuer undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the depositor's issuer’s view only as of the date hereof. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-193376) 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 Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting XXXXX on the SEC website at xxx.xxx.xxx. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email to the following address: xxxxxxxxxx.xxxx@xx.xxx. The offered certificates referred to in these materials, and the asset pool 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 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 verified 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. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 -----Original Message----- From: Db Cmbs Deutsche Bank (DEUTSCHE BANK SECURI) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sent: ThursdayTuesday, March 12January 20, 2015 11:53 9:31 AM Subject: COMM 2015-CCRE22 LC19 **REDNEW ISSUE ANNOUNCEMENT** PLEASE FIND THE RED ATTACHED PUBLIC COMM 2015-CCRE22 LC19 -- NEW ISSUE CMBS $1.12BN 1.244BN NEW ISSUE CMBS ***PUBLIC OFFERING*** JOINT BOOKRUNNERS & CO-LEAD MANAGERS: DEUTSCHE BANK & CANTOR XXXXXXXXXX CO-MANAGERS: NATIXIS, KEYBANC, CASTLEOAK KEYBANC & GUGGENHEIM XXXXXXX SACHS RATING AGENCIES: [REDACTED] ***PUBLIC OFFERED CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY A-1 [REDACTED] 46.400 50.900 30.000% 2.66 46.22.76 43.9% 13.315.4% A-2 [REDACTED] 178.900 45.000 30.000% 4.70 46.2% 13.3% A-3 [REDACTED] ************ NOT AVAILABLE ************ A-SB [REDACTED] **********81.648 30.000% 7.39 43.9% 15.4% A-3 [REDACTED] 300.000 30.000% ** NOT AVAILABLE ************ A-4 [REDACTED] ************ NOT AVAILABLE ************ A-5 [REDACTED] 293.492 518.619 30.000% 9.84 46.29.88 43.9% 13.315.4% A-M [REDACTED] 81.031 23.75074.712 24.750% 9.89 50.39.93 47.2% 12.214.4% B [REDACTED] 76.169 17.875107.287 17.211% 9.96 54.29.93 51.9% 11.313.0% C [REDACTED] 56.721 13.50065.762 12.590% 9.96 57.19.93 54.8% 10.812.4% ***PRIVATE CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY D [REDACTED] 68.066 8.25070.656 7.625% 9.96 60.69.93 57.9% 10.111.7% POOL BALANCE: $1,296,489,958 1,423,095,880 NUMBER OF LOANS: 65 59 NUMBER OF PROPERTIES: 74 139 WA CUT-OFF LTV: 66.062.7% WA UNDERWRITTEN NCF DSCR: 1.60X 2.09x WA UNDERWRITTEN NOI DEBT YIELD: 9.310.8% WA MORTGAGE INTEREST RATE: 4.14694.2788% WA TERM TO MATURITY (MOS): 107 117 PROPERTY TYPES: OFFICE (43.827.6%), RETAIL (24.7%), HOSPITALITY (16.118.1%), RETAIL MIXED USE (14.6%) OTHER (13.512.8%), MULTIFAMILY (8.99.2%), OTHER (3.7%), INDUSTRIAL (2.02.2%) & ), MANUFACTURED HOUSING COMMUNITY (0.9%), SELF STORAGE (1.10.8%) TOP 5 STATES: NY CA (28.216.8%), TX (11.511.7%), CA MA (8.010.1%), NJ NY (7.49.9%) & MN ), MD (7.49.1%) AMORTIZATION TYPE: AMORTIZING BALLOON (30.0%); INTEREST ONLY, THEN AMORTIZING (41.229.3%), AMORTIZING BALLOON (28.7%), ; INTEREST ONLY (18.122.3%) & ); INTEREST ONLY, ARD (12.018.4%) TOP 10 & 5 LOANS AS A % OF POOL: 51.753.5% & 33.235.6% MASTER SERVICER: XXXXX FARGO BANK, NA MIDLAND SPECIAL SERVICER: LNR OPERATING ADVISOR: PARK BRIDGE DIRECTING HOLDER: LNR / SEER TRUSTEE: WILMINGTON TRUST, NAMIDLAND
Appears in 2 contracts
Samples: Underwriting Agreement (COMM 2015-Lc19 Mortgage Trust), Underwriting Agreement (COMM 2015-Lc19 Mortgage Trust)
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION. This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Xxxxxxxxxx & Co., Natixis Securities Americas LLC, CastleOak Securities, L.P., Guggenheim Securities, LLCCo. Inc., KeyBanc Capital Markets Inc., or any other underwriter Nomura and CastleOak Securities, L.P. (the “Underwriters”) are 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. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the COMM 2015-CCRE22 Mortgage Trust Commercial Mortgage Pass-Through Certificates Certificates, Series COMM 2012-CCRE5 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor issuer undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the depositor's issuer’s view only as of the date hereof. IRS CIRCULAR 230 NOTICE: THIS FREE WRITING PROSPECTUS IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS FREE WRITING PROSPECTUS IS WRITTEN AND PROVIDED IN CONNECTION WITH THE PROMOTION OR MARKETING BY THE DEPOSITOR AND THE UNDERWRITERS OF THE TRANSACTION OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 -----Original Message----- From: DB CMBS DEUTSCHE BANK (DEUTSCHE BANK SECURI) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sent: Wednesday, December 05, 2012 10:38 AM Subject: COMM 2012-CCRE5 **PRICE GUIDANCE** PUBLIC COMM 2012-CCRE5 -- NEW ISSUE CMBS $793.565MM NEW ISSUE CMBS ***PUBLIC OFFERING*** JOINT BOOKRUNNERS AND CO-LEAD MANAGERS: DEUTSCHE BANK & CANTOR XXXXXXXXXX CO-MANAGERS: KEYBANC, CASTLEOAK & NOMURA RATING AGENCIES: FITCH & XXXXX'X ***PUBLIC CERTIFICATES*** *Approx.Proceeds **PRIVATE CERTIFICATES*** *XXX XXXXX SIZE XXXX XXXXXXXX 000-000-0000 XXXXXX XXXXXX 000-000-0000 CANTOR TRADING DESK CONTACTS: XXXXXXX XXXXXX 000-000-0000 XXXXX XXXXXXXX 000-000-0000 ************************************************************************** Investors are urged to read the final prospectus supplement relating to these securities because it contains important information regarding the offering that is not included herein. The issuer, any underwriter or any dealer participating in the offering will arrange to send you the final prospectus supplement if you request it by calling toll-free 1-800-503-4611 or e-mailing a request to xxxxxxxxxx.xxxx@xx.xxx. The asset-backed securities referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of securities 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 securities, 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 securities 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. Because the asset-backed securities are being offered on a "when, as and if issued" basis, any such contract will terminate, by its terms, without any further obligation or liability between us, if the securities themselves, or the particular class to which the contract relates, are not issued. Because the asset-backed securities are subject to modification or revision, any such contract also is conditioned upon the understanding that no material change will occur with respect to the relevant class of securities prior to the closing date. If a material change does occur with respect to such class, our contract will terminate, by its terms, without any further obligation or liability between us (the "Automatic Termination"). If an Automatic Termination occurs, we will provide you with revised offering materials reflecting the material change and give you an opportunity to purchase such class. To indicate your interest in purchasing the class, you must communicate to us your desire to do so within such timeframe as may be designated in connection with your receipt of the revised offering materials. The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Deutsche Bank Securities Inc. and the other underwriters make no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials should not be relied upon for such purposes. The underwriters and their respective affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Deutsche Bank Securities Inc. and the other underwriters may have an investment or commercial banking relationship with the issuer. Information in these materials is current as of the date appearing on the material only. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and subject to change. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. The issuer has filed a registration statement (including a prospectus) with the SEC (registration statement file no. 333-172143) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by e-mailing a request to xxxxxxxxxx.xxxx@xx.xxx. The securities may not be suitable for all investors. IRS CIRCULAR 230 NOTICE: THIS MATERIAL IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS MATERIAL IS WRITTEN AND PROVIDED BY THE UNDERWRITERS IN CONNECTION WITH THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR. ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM. ------------------------------------------------------------------------------- This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. It is based on information generally available to the public from sources believed to be reliable. No representation is made that it is accurate or complete or that any returns indicated will be achieved. Changes to assumptions may have a material impact on any returns detailed. Past performance is not indicative of future returns. Price and availability are subject to change without notice. Additional information is available upon request. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 Registration Statement No. 333-172143-08 December 5, 2012 The depositor has filed a registration statement (including the a prospectus) with the Securities and Exchange Commission (File No. 333-193376172143) 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 Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting XXXXX on the SEC Securities and Exchange Commission website at xxx.xxx.xxx. Alternatively, the depositor or depositor, Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send to you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email to the following address: emailing xxxxxxxxxx.xxxx@xx.xxx. The offered certificates referred This free writing prospectus does not contain all information that is required to be included in these materials, the prospectus and the asset pool backing themprospectus supplement. Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are subject not applicable to modification these materials and should be disregarded. Such legends, disclaimers 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 other notices have been automatically generated as a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase result of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has materials having been priced and we have verified 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 sent via Bloomberg or us. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NOanother email system.: 000-000000-00 -----Original Message----- From: Db Cmbs Deutsche Bank (DEUTSCHE BANK SECURI) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sent: Thursday, March 12, 2015 11:53 AM Subject: COMM 2015-CCRE22 **RED** PLEASE FIND THE RED ATTACHED COMM 2015-CCRE22 -- NEW ISSUE CMBS $1.12BN NEW ISSUE CMBS ***PUBLIC OFFERING*** JOINT BOOKRUNNERS & CO-LEAD MANAGERS: DEUTSCHE BANK & CANTOR XXXXXXXXXX CO-MANAGERS: NATIXIS, KEYBANC, CASTLEOAK & GUGGENHEIM RATING AGENCIES: [REDACTED] ***PUBLIC OFFERED CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY A-1 [REDACTED] 46.400 30.000% 2.66 46.2% 13.3% A-2 [REDACTED] 178.900 30.000% 4.70 46.2% 13.3% A-3 [REDACTED] ************ NOT AVAILABLE ************ A-SB [REDACTED] ************ NOT AVAILABLE ************ A-4 [REDACTED] ************ NOT AVAILABLE ************ A-5 [REDACTED] 293.492 30.000% 9.84 46.2% 13.3% A-M [REDACTED] 81.031 23.750% 9.89 50.3% 12.2% B [REDACTED] 76.169 17.875% 9.96 54.2% 11.3% C [REDACTED] 56.721 13.500% 9.96 57.1% 10.8% ***PRIVATE CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY D [REDACTED] 68.066 8.250% 9.96 60.6% 10.1% POOL BALANCE: $1,296,489,958 NUMBER OF LOANS: 65 NUMBER OF PROPERTIES: 74 WA CUT-OFF LTV: 66.0% WA UNDERWRITTEN NCF DSCR: 1.60X WA UNDERWRITTEN NOI DEBT YIELD: 9.3% WA MORTGAGE INTEREST RATE: 4.1469% WA TERM TO MATURITY (MOS): 107 PROPERTY TYPES: OFFICE (43.8%), HOSPITALITY (16.1%), RETAIL (14.6%) OTHER (13.5%), MULTIFAMILY (8.9%), INDUSTRIAL (2.0%) & SELF STORAGE (1.1%) TOP 5 STATES: NY (28.2%), TX (11.5%), CA (8.0%), NJ (7.4%) & MN (7.4%) AMORTIZATION TYPE: INTEREST ONLY, THEN AMORTIZING (41.2%), AMORTIZING BALLOON (28.7%), INTEREST ONLY (18.1%) & INTEREST ONLY, ARD (12.0%) TOP 10 & 5 LOANS AS A % OF POOL: 51.7% & 33.2% MASTER SERVICER: XXXXX FARGO BANK, NA SPECIAL SERVICER: LNR OPERATING ADVISOR: PARK BRIDGE DIRECTING HOLDER: LNR / SEER TRUSTEE: WILMINGTON TRUST, NA
Appears in 2 contracts
Samples: Underwriting Agreement (COMM 2012-Ccre5 Mortgage Trust), Underwriting Agreement (COMM 2012-Ccre5 Mortgage Trust)
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION. This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Xxxxxxxxxx & Co., Natixis Securities Americas LLC, CastleOak Securities, L.P., Guggenheim Securities, LLCCo. Inc., KeyBanc Capital Markets Inc., or any other underwriter CastleOak Securities, L.P. and RBS Securities Inc. (the “Underwriters”) are 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. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the COMM 2015-CCRE22 Mortgage Trust Commercial Mortgage Pass-Through Certificates Certificates, Series COMM 2012-CCRE4 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor issuer undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the depositor's issuer’s view only as of the date hereof. IRS CIRCULAR 230 NOTICE: THIS FREE WRITING PROSPECTUS IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS FREE WRITING PROSPECTUS IS WRITTEN AND PROVIDED IN CONNECTION WITH THE PROMOTION OR MARKETING BY THE DEPOSITOR AND THE UNDERWRITERS OF THE TRANSACTION OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission SEC (SEC File No. 333-193376172143) 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 Securities and Exchange Commission SEC for more complete information about the depositor, the issuing entity trust and this offering. You may get these documents for free by visiting XXXXX on the SEC website at xxx.xxx.xxx. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email to the following address: xxxxxxxxxx.xxxx@xx.xxx. The offered certificates referred to in these materials, and the asset pool 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 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 verified 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. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 -----Original Message----- From: Db Cmbs The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-172143) 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 trust and this offering. You may get these documents for free by visiting XXXXX on the SEC website at xxx.xxx.xxx. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email to the following address: xxxxxxxxxx.xxxx@xx.xxx. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (DEUTSCHE BANK SECURIincluding 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) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sentand are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these 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 verified 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. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: Thursday, March 12, 2015 11:53 AM Subject: COMM 2015000-CCRE22 **RED** PLEASE FIND THE RED ATTACHED COMM 2015000000-CCRE22 -- NEW ISSUE CMBS $1.12BN NEW ISSUE CMBS ***PUBLIC OFFERING*** JOINT BOOKRUNNERS & CO-LEAD MANAGERS: DEUTSCHE BANK & CANTOR XXXXXXXXXX CO-MANAGERS: NATIXIS, KEYBANC, CASTLEOAK & GUGGENHEIM RATING AGENCIES: [REDACTED] ***PUBLIC OFFERED CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY A-1 [REDACTED] 46.400 30.000% 2.66 46.2% 13.3% A-2 [REDACTED] 178.900 30.000% 4.70 46.2% 13.3% A-3 [REDACTED] ************ NOT AVAILABLE ************ A-SB [REDACTED] ************ NOT AVAILABLE ************ A-4 [REDACTED] ************ NOT AVAILABLE ************ A-5 [REDACTED] 293.492 30.000% 9.84 46.2% 13.3% A-M [REDACTED] 81.031 23.750% 9.89 50.3% 12.2% B [REDACTED] 76.169 17.875% 9.96 54.2% 11.3% C [REDACTED] 56.721 13.500% 9.96 57.1% 10.8% ***PRIVATE CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY D [REDACTED] 68.066 8.250% 9.96 60.6% 10.1% POOL BALANCE: $1,296,489,958 NUMBER OF LOANS: 65 NUMBER OF PROPERTIES: 74 WA CUT-OFF LTV: 66.0% WA UNDERWRITTEN NCF DSCR: 1.60X WA UNDERWRITTEN NOI DEBT YIELD: 9.3% WA MORTGAGE INTEREST RATE: 4.1469% WA TERM TO MATURITY (MOS): 107 PROPERTY TYPES: OFFICE (43.8%), HOSPITALITY (16.1%), RETAIL (14.6%) OTHER (13.5%), MULTIFAMILY (8.9%), INDUSTRIAL (2.0%) & SELF STORAGE (1.1%) TOP 5 STATES: NY (28.2%), TX (11.5%), CA (8.0%), NJ (7.4%) & MN (7.4%) AMORTIZATION TYPE: INTEREST ONLY, THEN AMORTIZING (41.2%), AMORTIZING BALLOON (28.7%), INTEREST ONLY (18.1%) & INTEREST ONLY, ARD (12.0%) TOP 10 & 5 LOANS AS A % OF POOL: 51.7% & 33.2% MASTER SERVICER: XXXXX FARGO BANK, NA SPECIAL SERVICER: LNR OPERATING ADVISOR: PARK BRIDGE DIRECTING HOLDER: LNR / SEER TRUSTEE: WILMINGTON TRUST, NA00
Appears in 1 contract
Samples: Underwriting Agreement (COMM 2012-Ccre4 Mortgage Trust)
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION. This material is for your information, and none of Deutsche Bank Securities Inc., UBS Securities LLC, Cantor Xxxxxxxxxx & Co., Natixis Securities Americas LLC, CastleOak Securities, L.P., Guggenheim Securities, LLC, and KeyBanc Capital Markets Inc., Xxxxx Fargo Securities, LLC, Xxxxxx Xxxxxxxx, LLC or any other underwriter (the “Underwriters”) are 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. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the COMM 2015-CCRE22 Mortgage Trust Commercial Mortgage Pass-Through Certificates Certificates, Series COMM 2014-UBS2 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor issuer undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the depositor's issuer’s view only as of the date hereof. IRS CIRCULAR 230 NOTICE: THIS FREE WRITING PROSPECTUS IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS FREE WRITING PROSPECTUS IS WRITTEN AND PROVIDED IN CONNECTION WITH THE PROMOTION OR MARKETING BY THE DEPOSITOR AND THE UNDERWRITERS OF THE TRANSACTION OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 The depositor has filed a registration statement (including the a prospectus) with the Securities and Exchange Commission (File No. 333-193376) for the offering to which this communication relates. Before you invest, you should read the prospectus in the that registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity depositor and this offering. You may get these documents for free by visiting XXXXX on the SEC Securities and Exchange Commission website at xxx.xxx.xxx. Alternatively, the depositor or depositor, Deutsche Bank Securities Inc., any other underwriter, underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email e-mailing xxxxxxxxxx.xxxx@xx.xxx. March 3, 2014 UPDATE to the following address: xxxxxxxxxx.xxxx@xx.xxx. The offered certificates referred to in these materialsfree writing prospectus (structural and collateral term sheet), dated February 26, 2014, and the asset pool backing themfree writing prospectus, are subject dated February 26, 2014 (the “Primary Free Writing Prospectus”). Capitalized terms used herein but not defined herein will have such meanings ascribed to modification or revision them in the Primary Free Writing Prospectus. COLLATERAL UPDATES KeyBank National Association (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 “whenKeyBank”), as and if issued” basis. You understand that, when you are considering the purchase of these 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 verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by usMaster Servicer, will not create binding contractual obligations for you or us. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NOappoint Berkadia Commercial Mortgage LLC (“Berkadia”) as the primary servicer of 56 Mortgage Loans, representing approximately 89.7% of the Initial Outstanding Pool Balance (the “Subserviced Loans”) pursuant to that certain Amended and Restated Subservicing Agreement dated as of January 18, 2013 (the “Berkadia Subservicing Agreement”).: 000-000000-00 -----Original Message----- From: Db Cmbs Deutsche Bank (DEUTSCHE BANK SECURI) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sent: Thursday, March 12, 2015 11:53 AM Subject: COMM 2015-CCRE22 **RED** PLEASE FIND THE RED ATTACHED COMM 2015-CCRE22 -- NEW ISSUE CMBS $1.12BN NEW ISSUE CMBS ***PUBLIC OFFERING*** JOINT BOOKRUNNERS & CO-LEAD MANAGERS: DEUTSCHE BANK & CANTOR XXXXXXXXXX CO-MANAGERS: NATIXIS, KEYBANC, CASTLEOAK & GUGGENHEIM RATING AGENCIES: [REDACTED] ***PUBLIC OFFERED CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY A-1 [REDACTED] 46.400 30.000% 2.66 46.2% 13.3% A-2 [REDACTED] 178.900 30.000% 4.70 46.2% 13.3% A-3 [REDACTED] ************ NOT AVAILABLE ************ A-SB [REDACTED] ************ NOT AVAILABLE ************ A-4 [REDACTED] ************ NOT AVAILABLE ************ A-5 [REDACTED] 293.492 30.000% 9.84 46.2% 13.3% A-M [REDACTED] 81.031 23.750% 9.89 50.3% 12.2% B [REDACTED] 76.169 17.875% 9.96 54.2% 11.3% C [REDACTED] 56.721 13.500% 9.96 57.1% 10.8% ***PRIVATE CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY D [REDACTED] 68.066 8.250% 9.96 60.6% 10.1% POOL BALANCE: $1,296,489,958 NUMBER OF LOANS: 65 NUMBER OF PROPERTIES: 74 WA CUT-OFF LTV: 66.0% WA UNDERWRITTEN NCF DSCR: 1.60X WA UNDERWRITTEN NOI DEBT YIELD: 9.3% WA MORTGAGE INTEREST RATE: 4.1469% WA TERM TO MATURITY (MOS): 107 PROPERTY TYPES: OFFICE (43.8%), HOSPITALITY (16.1%), RETAIL (14.6%) OTHER (13.5%), MULTIFAMILY (8.9%), INDUSTRIAL (2.0%) & SELF STORAGE (1.1%) TOP 5 STATES: NY (28.2%), TX (11.5%), CA (8.0%), NJ (7.4%) & MN (7.4%) AMORTIZATION TYPE: INTEREST ONLY, THEN AMORTIZING (41.2%), AMORTIZING BALLOON (28.7%), INTEREST ONLY (18.1%) & INTEREST ONLY, ARD (12.0%) TOP 10 & 5 LOANS AS A % OF POOL: 51.7% & 33.2% MASTER SERVICER: XXXXX FARGO BANK, NA SPECIAL SERVICER: LNR OPERATING ADVISOR: PARK BRIDGE DIRECTING HOLDER: LNR / SEER TRUSTEE: WILMINGTON TRUST, NA
Appears in 1 contract
Samples: Underwriting Agreement (COMM 2014-Ubs2 Mortgage Trust)
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION. This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Xxxxxxxxxx & Co.Co. Inc., Natixis UBS Securities Americas LLC, CastleOak Securities, L.P., Guggenheim Securities, LLC, KeyBanc Capital Markets Inc., or any other underwriter CastleOak Securities, L.P. and Nomura Securities International, Inc. (the “Underwriters”) are 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. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the COMM 2015-CCRE22 Mortgage Trust Commercial Mortgage Pass-Through Certificates Certificates, Series COMM 2013-CCRE10 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor issuer undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the depositor's issuer’s view only as of the date hereof. IRS CIRCULAR 230 NOTICE: THIS FREE WRITING PROSPECTUS IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS FREE WRITING PROSPECTUS IS WRITTEN AND PROVIDED IN CONNECTION WITH THE PROMOTION OR MARKETING BY THE DEPOSITOR AND THE UNDERWRITERS OF THE TRANSACTION OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 The depositor has filed a registration statement August 1, 2013 UPDATE to the free writing prospectus (including structural and collateral term sheet), dated July 29, 2013 (the “Term Sheet”), and the free writing prospectus) with , dated July 29, 2013 (the Securities and Exchange Commission (File No“Primary Free Writing Prospectus”). 333-193376) for the offering Capitalized terms used herein but not defined herein will have such meanings ascribed to which this communication relates. Before you invest, you should read the prospectus them in the registration statement and other documents Primary Free Writing Prospectus. COLLATERAL UPDATE With respect to the depositor has filed with Mortgage Loan identified as Xxxxxx City Creative Office Portfolio on Annex A-1 to the Securities and Exchange Commission for more complete information about the depositorPrimary Free Writing Prospectus, the issuing entity column heading on Annex A-1 “Ownership Interest” for this Mortgage Loan will be changed from “Fee Simple/Leasehold” to “Fee Simple”. This change will cause the total number of Fee Simple Mortgaged Properties in the pool to increase from 81 to 83 and this offeringcause the total number of Fee Simple/ Leasehold Mortgaged Properties in the pool to decrease from 4 to 2. You may get these documents for free by visiting XXXXX on STRUCTURAL UPDATE Credit Suisse International, and not Deutsche Bank AG, New York Branch, is the SEC website at xxx.xxx.xxxSwap Counterparty and accordingly, all references to the Swap Counterparty mean Credit Suisse International and not Deutsche Bank AG, New York Branch. AlternativelyAdditionally, all references to Deutsche Bank AG, New York Branch in the depositor or Primary Free Writing Prospectus as being an affiliate of German American Capital Corporation, Deutsche Bank Securities Inc.Inc. and Deutsche Mortgage & Asset Receiving Corporation should be disregarded and deemed deleted. ===================================== Investors are urged to read the final prospectus supplement relating to these securities because it contains important information regarding the offering that is not included herein. The issuer, any other underwriter, underwriter or any dealer participating in this the offering will arrange to send you the final prospectus supplement if you request it by calling toll-free 1-800-503-4611 or by email e-mailing a request to the following address: xxxxxxxxxx.xxxx@xx.xxx. The offered certificates asset-backed securities referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates securities -----Original Message----- From: DB CMBS DEUTSCHE BANK (DEUTSCHE BANK SECURI) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sent: Thursday, August 01, 2013 2:20 PM Subject: COMM 2013-CCRE10 **FINAL PRICING DETAILS** PUBLIC COMM 2013 CCRE10 -- NEW ISSUE CMBS NEW ISSUE CMBS ***PUBLIC PRICED*** ***SETTLEMENT DATE: AUGUST 13, 2013*** CLASS RATING (D/K/M) SIZE (MM) C/E WAL COUPON PRICE YIELD SPREAD A-1 [REDACTED] 67.569 30.000% 2.71 1.2780% 99.999045% 1.2696% +55 A-2 [REDACTED] 100.105 30.000% 4.94 2.9720% 102.997967% 2.3250% +70 A-SB [REDACTED] 81.070 30.000% 7.45 3.7950% 102.995496% 3.3473% +95 A-4 [REDACTED] 278.534 30.000% 9.95 4.2100% 102.994911% 3.8655% +100 FIRST DISTRIBUTION DATE: SEPTEMBER 12, 2013 DEUTSCHE BANK TRADING DESK CONTACTS: XXXX XXXXXXXX 000-000-0000 XXXXXX XXXXXX 000-000-0000 CANTOR TRADING DESK CONTACTS: XXXXX XXXXXXXX 000-000-0000 ************************************************************************** Investors are urged to read the final prospectus supplement relating to these securities because it contains important information regarding the offering that is not included herein. The issuer, any underwriter or any dealer participating in the offering will arrange to send you the final prospectus supplement if you request it by calling toll-free 1-800-503-4611 or e-mailing a request to xxxxxxxxxx.xxxx@xx.xxx. The asset-backed securities referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of securities 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 certificatessecurities, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified confirmed the allocation of certificates securities 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. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000Because the asset-000000backed securities are being offered on a "when, as and if issued" basis, any such contract will terminate, by its terms, without any further obligation or liability between us, if the securities themselves, or the particular class to which the contract relates, are not issued. Because the asset-00 -----Original Message----- From: Db Cmbs backed securities are subject to modification or revision, any such contract also is conditioned upon the understanding that no material change will occur with respect to the relevant class of securities prior to the closing date. If a material change does occur with respect to such class, our contract will terminate, by its terms, without any further obligation or liability between us (the "Automatic Termination"). If an Automatic Termination occurs, we will provide you with revised offering materials reflecting the material change and give you an opportunity to purchase such class. To indicate your interest in purchasing the class, you must communicate to us your desire to do so within such timeframe as may be designated in connection with your receipt of the revised offering materials. The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Deutsche Bank Securities Inc. and the other underwriters make no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials should not be relied upon for such purposes. The underwriters and their respective affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (DEUTSCHE BANK SECURIincluding options). Deutsche Bank Securities Inc. and the other underwriters may have an investment or commercial banking relationship with the issuer. Information in these materials is current as of the date appearing on the material only. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and subject to change. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. The issuer has filed a registration statement (including a prospectus) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sentwith the SEC (registration statement file no. 333-184376) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by e-mailing a request to xxxxxxxxxx.xxxx@xx.xxx. The securities may not be suitable for all investors. IRS CIRCULAR 230 NOTICE: ThursdayTHIS MATERIAL IS NOT INTENDED OR WRITTEN TO BE USED, March 12AND CANNOT BE USED, 2015 11:53 AM SubjectFOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS MATERIAL IS WRITTEN AND PROVIDED BY THE UNDERWRITERS IN CONNECTION WITH THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR. ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM. ------------------------------------------------------------------------------- This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. It is based on information generally available to the public from sources believed to be reliable. No representation is made that it is accurate or complete or that any returns indicated will be achieved. Changes to assumptions may have a material impact on any returns detailed. Past performance is not indicative of future returns. Price and availability are subject to change without notice. Additional information is available upon request. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. Underwriting Agreement, dated as of August 1, 2013. Title and Description of Offered Certificates: COMM 20152013-CCRE22 **RED** PLEASE FIND THE RED ATTACHED COMM 2015CCRE10 Mortgage Trust Commercial Mortgage Pass-CCRE22 -- NEW ISSUE CMBS Through Certificates Class A-1 $1.12BN NEW ISSUE CMBS ***PUBLIC OFFERING*** JOINT BOOKRUNNERS & CO-LEAD MANAGERS: DEUTSCHE BANK & CANTOR XXXXXXXXXX CO-MANAGERS: NATIXIS, KEYBANC, CASTLEOAK & GUGGENHEIM RATING AGENCIES: [REDACTED] ***PUBLIC OFFERED CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY A-1 [REDACTED] 46.400 30.00067,569,000 4.2100% 2.66 46.21.2780% 13.3Class A-2 $100,105,000 102.9979670% A-2 [REDACTED] 178.900 30.0002.9720% 4.70 46.2Class A-3 $140,000,000 100.9964930% 13.33.9230% A-3 [REDACTED] ************ NOT AVAILABLE ************ Class A-4 $278,534,000 102.9949110% 4.2100% Class A-SB [REDACTED] ************ NOT AVAILABLE ************ A-4 [REDACTED] ************ NOT AVAILABLE ************ A-5 [REDACTED] 293.492 30.000$81,070,000 102.9954960% 9.84 46.23.7950% 13.3Class X-A $807,054,000 6.2491380% A-M [REDACTED] 81.031 23.750% 9.89 50.3% 12.2% B [REDACTED] 76.169 17.875% 9.96 54.2% 11.3% C [REDACTED] 56.721 13.500% 9.96 57.1% 10.8% ***PRIVATE CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY D [REDACTED] 68.066 8.250% 9.96 60.6% 10.1% POOL BALANCE: $1,296,489,958 NUMBER OF LOANS: 65 NUMBER OF PROPERTIES: 74 WA CUT-OFF LTV: 66.0% WA UNDERWRITTEN NCF DSCR: 1.60X WA UNDERWRITTEN NOI DEBT YIELD: 9.3% WA MORTGAGE INTEREST RATE: 4.1469% WA TERM TO MATURITY (MOS): 107 PROPERTY TYPES: OFFICE (43.81.2230%), HOSPITALITY (16.1%), RETAIL (14.6%) OTHER (13.5%), MULTIFAMILY (8.9%), INDUSTRIAL (2.0%) & SELF STORAGE (1.1%) TOP 5 STATES: NY (28.2%), TX (11.5%), CA (8.0%), NJ (7.4%) & MN (7.4%) AMORTIZATION TYPE: INTEREST ONLY, THEN AMORTIZING (41.2%), AMORTIZING BALLOON (28.7%), INTEREST ONLY (18.1%) & INTEREST ONLY, ARD (12.0%) TOP 10 & 5 LOANS AS A % OF POOL: 51.7% & 33.2% MASTER SERVICER: XXXXX FARGO BANK, NA SPECIAL SERVICER: LNR OPERATING ADVISOR: PARK BRIDGE DIRECTING HOLDER: LNR / SEER TRUSTEE: WILMINGTON TRUST, NA
Appears in 1 contract
Samples: Underwriting Agreement (COMM 2013-Ccre10 Mortgage Trust)
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION. This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Xxxxxxxxxx & Co., Natixis UBS Securities Americas LLC, CastleOak SecuritiesXxxxxxxxx LLC, L.P.Citigroup Global Markets Inc., Xxxxxx Xxxxxxxx, LLC, Guggenheim Securities, LLC, LLC and KeyBanc Capital Markets Inc., or any other underwriter (the “Underwriters”) are 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. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the COMM 2015-CCRE22 Mortgage Trust Commercial Mortgage Pass-Through Certificates Certificates, Series COMM 2014-UBS5 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor issuer undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the depositor's issuer’s view only as of the date hereof. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 The depositor has filed a registration statement (including the a prospectus) with the Securities and Exchange Commission (File No. 333-193376) for the offering to which this communication relates. Before you invest, you should read the prospectus in the that registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity depositor and this offering. You may get these documents for free by visiting XXXXX on the SEC Securities and Exchange Commission website at xxx.xxx.xxx. Alternatively, the depositor or depositor, Deutsche Bank Securities Inc., any other underwriter, underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email e-mailing xxxxxxxxxx.xxxx@xx.xxx. September 9, 2014 UPDATE to the following address: xxxxxxxxxx.xxxx@xx.xxx. The offered certificates referred to in these materialsfree writing prospectus (structural and collateral term sheet), dated September 3, 2014, and the asset pool backing themfree writing prospectus, are subject dated September 3, 2014 (the “Primary Free Writing Prospectus”). Capitalized terms used herein but not defined herein will have such meanings ascribed to modification them in the Primary Free Writing Prospectus. COLLATERAL UPDATE With respect to the Mortgage Loan secured by the Mortgaged Property identified on Annex A-1 to the Primary Free Writing Prospectus as Quakerbridge, representing approximately 3.4% of the Initial Outstanding Pool Balance, the State of New Jersey tenant is rated “A” by Fitch, “A1” by Xxxxx’x and “A+” by S&P. With respect to the Mortgage Loan secured by the portfolio of Mortgaged Properties identified on Annex A-1 to the Primary Free Writing Prospectus as Town Park Ravine I, II, III, representing approximately 2.9% of the Initial Outstanding Pool Balance, footnote (1) to the “Cash Flow Analysis” chart on Annex B, which stated that the U/W Base Rent includes $5,907,087 in contractual step rents through November 2014 and the straight line average of step rents through the earlier of the termination option or revision (including the possibility that one or more classes of certificates may be splitlease term, 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 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 verified removed. With respect to the allocation Mortgage Loan secured by the Mortgaged Property identified on Annex A-1 to the Primary Free Writing Prospectus as Commons at Madera Fair, representing approximately 1.5% of certificates the Initial Outstanding Pool Balance, there is no exception to be made Representation 26 (Recourse Obligations). With respect to you; any “indications the Mortgage Loan secured by the Mortgaged Property identified on Annex A-1 to the Primary Free Writing Prospectus as Springhill Suites Atlanta Airport Gateway Center, representing approximately 1.2% of interest” expressed the Initial Outstanding Pool Balance, the recourse for losses resulting from acts of fraud or intentional material misrepresentation by youthe borrower, and any “soft circles” generated by usBIDA, will not create binding contractual obligations for you or us. FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 000-000000-00 -----Original Message----- From: Db Cmbs Deutsche Bank (DEUTSCHE BANK SECURI) [mailto:xxxxxxxxxx00@xxxxxxxxx.xxx] Sent: Thursday, March 12, 2015 11:53 AM Subject: COMM 2015-CCRE22 **RED** PLEASE FIND THE RED ATTACHED COMM 2015-CCRE22 -- NEW ISSUE CMBS $1.12BN NEW ISSUE CMBS ***PUBLIC OFFERING*** JOINT BOOKRUNNERS & CO-LEAD MANAGERS: DEUTSCHE BANK & CANTOR XXXXXXXXXX CO-MANAGERS: NATIXIS, KEYBANC, CASTLEOAK & GUGGENHEIM RATING AGENCIES: [REDACTED] ***PUBLIC OFFERED CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY A-1 [REDACTED] 46.400 30.000% 2.66 46.2% 13.3% A-2 [REDACTED] 178.900 30.000% 4.70 46.2% 13.3% A-3 [REDACTED] ************ NOT AVAILABLE ************ A-SB [REDACTED] ************ NOT AVAILABLE ************ A-4 [REDACTED] ************ NOT AVAILABLE ************ A-5 [REDACTED] 293.492 30.000% 9.84 46.2% 13.3% A-M [REDACTED] 81.031 23.750% 9.89 50.3% 12.2% B [REDACTED] 76.169 17.875% 9.96 54.2% 11.3% C [REDACTED] 56.721 13.500% 9.96 57.1% 10.8% ***PRIVATE CERTIFICATES*** CLASS RATING ([REDACTED]) SIZE (MM) C/E WAL LTV DY D [REDACTED] 68.066 8.250% 9.96 60.6% 10.1% POOL BALANCE: $1,296,489,958 NUMBER OF LOANS: 65 NUMBER OF PROPERTIES: 74 WA CUT-OFF LTV: 66.0% WA UNDERWRITTEN NCF DSCR: 1.60X WA UNDERWRITTEN NOI DEBT YIELD: 9.3% WA MORTGAGE INTEREST RATE: 4.1469% WA TERM TO MATURITY (MOS): 107 PROPERTY TYPES: OFFICE (43.8%), HOSPITALITY (16.1%), RETAIL (14.6%) OTHER (13.5%), MULTIFAMILY (8.9%), INDUSTRIAL (2.0%) & SELF STORAGE (1.1%) TOP 5 STATES: NY (28.2%), TX (11.5%), CA (8.0%), NJ (7.4%) & MN (7.4%) AMORTIZATION TYPE: INTEREST ONLY, THEN AMORTIZING (41.2%), AMORTIZING BALLOON (28.7%), INTEREST ONLY (18.1%) & INTEREST ONLY, ARD (12.0%) TOP 10 & 5 LOANS AS A % OF POOL: 51.7% & 33.2% MASTER SERVICER: XXXXX FARGO BANK, NA SPECIAL SERVICER: LNR OPERATING ADVISOR: PARK BRIDGE DIRECTING HOLDER: LNR / SEER TRUSTEE: WILMINGTON TRUST, NAis
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Samples: Underwriting Agreement (COMM 2014-Ubs5 Mortgage Trust)