FWP 1 n891_x14-fwp.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-14
     

  

From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)

At: 03/23/17 12:08:09

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2017-RB1 - PUBLIC NEW ISSUE **IO LAUNCH** $531.482 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS  
& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC
  BARCLAYS CAPITAL INC.
  SG AMERICAS SECURITIES, LLC
  UBS SECURITIES LLC
CO-MANAGER: ACADEMY SECURITIES, INC.

 

 

OFFERED CERTIFICATES - PUBLIC

CLASS DBRS/FITCH/MDYS SIZE($MM) PROCEEDS($MM) LAUNCH
X-A AAA(sf)/AAAsf/Aaa(sf) 423.974 ~$42.4 T+130
X-B A(sf)/A-sf/NR 107.508 ~$7.0 T+120

 

 

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
X-D BBB(sf)/BBB-sf/NR 31.798 N/A N/A N/A N/A
D BBB(low)(sf)/BBB-sf/NR 31.798 7.000% 9.96 52.5% 11.5%

 

 

NON-OFFERED ELIGIBLE VERTICAL INTEREST

CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
RR NR/NR/NR 31.878 N/A N/A N/A N/A

 

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $637,555,685
NUMBER OF LOANS: 37
NUMBER OF PROPERTIES: 72
WA CUT-OFF LTV: 56.5%
WA BALLOON LTV: 52.6%
WA U/W NCF DSCR: 1.82x
WA U/W NOI DEBT YIELD: 10.7%
WA MORTGAGE RATE: 4.748%
TOP TEN LOANS %: 57.0%
WA REM TERM TO MATURITY (MOS): 117
WA REM AMORTIZATION TERM (MOS): 354
WA SEASONING (MOS): 1
   
LOAN SELLERS: BARCLAYS(31.7%), WFB(27.2%), UBSAG(26.8%), SG(14.3%)
   
TOP 3 PROPERTY TYPES: OFFICE(49.8%), RETAIL(18.8%), HOSPITALITY(10.3%)
   
TOP 5 STATES: CA(27.4%), NY(15.9%), MA(8.6%), GA(5.8%), TX(5.7%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: C-III ASSET MANAGEMENT LLC
   
DIRECTING CERTIFICATEHOLDER: C-III INVESTMENT MANAGEMENT LLC

 

DOCUMENTS & TIMING

 TERM SHEET, ANNEX A-1: ATTACHED
 PRELIMINARY PROSPECTUS: ATTACHED
 PRESALE REPORTS: TODAY & TOMORROW
 ANTICIPATED PRICING: TODAY AT 1PM
 ANTICIPATED SETTLEMENT: MARCH 30, 2017

 

ROADSHOW

 NEW YORK 1x1's: WED, 3/15
 MINNEAPOLIS, BREAKFAST: THURS, 3/16 @ 7:30AM CT, THE GRAND HOTEL
 HARTFORD, BREAKFAST: THURS, 3/16 @ 8:30AM ET, MAX'S DOWNTOWN
 BOSTON, LUNCH: THURS, 3/16 @ 12:00PM ET, RITZ-CARLTON
 DES MOINES,LUNCH: THURS, 3/16 @ 1:30PM CT, MARRIOTT DOWNTOWN
   
CONFERENCE CALLS: UPON DEMAND

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: 2017RB1 (not case-sensitive) FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=8d9b09

 

 

Wells Fargo Commercial Mortgage Securities, Inc., as depositor, has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-206677) 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 entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. - 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.

 

 

 

 

 

 

 

 

 

 

 

 

 

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