Wells Fargo and the RBS Securities plan to issue a $1.1 billion CMBS conduit backed by a pool of 99 commercial mortgage loans secured by 133 properties.

The deal, WFRBS Commercial Mortgage Trust 2014-LC19, is rated by Fitch Ratings. The issuer has structured super-senior ‘AAA’ classes at 30.000% credit enhancement.  The subordinate ‘AAA’ rated, class A-S notes are structured with 23.375% credit enhancement, slightly higher than the 22.375% credit enhancement on the subordinate triple-A notes issued by WFRBS 2014-LC14, a recent deal sponsored by the two banks.

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