Wells Fargo and the Royal Bank of Scotland are planning a $980.2 million commercial mortgage securitization, according to a regulatory filing.
The deal, Wells Fargo Commercial Mortgage Trust 2014-LC16, is backed by a mix of retail, office and multifamily properties. The loans were sold to the trust by Ladder Capital Finance LLC, Wells Fargo Bank, National Association, The Royal Bank of Scotland, and Rialto Mortgage Finance LLC.
Wells Fargo Securities and RBS are the deals co-lead managers and co-bookrunners; Deutsche Bank Securities joins as a co-manager.
The preliminary collateral term sheet filed with the Securities & Exchange Commission Thursday does not provide any information about the structuring of the deal. It lists 10 loans, the largest of which is a $120 million mortgage on the Woodbridge Center, a regional mall in New Jersey.