Tuesday, October 26, 2010

WFCM 2010-C1 - $735mm

Presale and Structure are out (10/22), talk out 10/26

Class Fitch/MDYs Size ($mm) WAL (yrs) C/E Talk
A-1 AAA/Aaa 162.00 5.05 17.80 +125
A-2 AAA/Aaa 443.25 9.71 17.80 +135
B AA/Aa2 22.08 9.91 14.80 +230
C A/A2 31.28 9.91 10.50 +300
D BBB/Baa3 34.03 9.93 5.90 +400
E Ba2/BBB- 13.80
4.00
F B2/B 12.88
2.25
G NR/NR 16.56
0.00
X-A AAA/Aaa 605.25


X-B NR/Aaa 130.62




UPDATED: As soon as I said "no talk yet", it trickled out.

This is basically a Fusion-Lite deal with 37 loans (59 props) and an average loan size of $19mm (max=185mm, min=3.3mm, Top10=64%).

2 comments:

crabsofsteel said...

how can a 1st loss class (D) be rated investment grade?

Dark Space said...

I updated the post to list the other classes - I just don't know where they're being talked at or if they're even 'really' being offered.