FWP 1 n891_launch-x11.htm FREE WRITING PROSPECTUS

 

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

 

----- Original Message -----

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

At: 03/22/17 10:47:33

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2017-RB1 - PUBLIC NEW ISSUE

**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)  C/E WAL CUM LTV NOI DY LAUNCH
A-1  AAA(sf)/AAAsf/Aaa(sf)  10.516  30.000% 2.81 39.5%  15.3%  IS+28
A-2  AAA(sf)/AAAsf/Aaa(sf)  19.868  30.000% 4.88 39.5%  15.3%  IS+50
A-3  AAA(sf)/AAAsf/Aaa(sf)    5.556  30.000% 6.87 39.5%  15.3%  IS+91
A-4  AAA(sf)/AAAsf/Aaa(sf) 160.000    30.000% 9.80 39.5%  15.3%  IS+91
A-5  AAA(sf)/AAAsf/Aaa(sf) 203.194    30.000% 9.89 39.5%  15.3%  IS+93
A-SB AAA(sf)/AAAsf/Aaa(sf)  24.840  30.000% 7.38 39.5%  15.3%  IS+77
A-S  AAA(sf)/AAAsf/Aa3(sf)  37.855  23.750% 9.96 43.1%  14.0%    IS+105
B  AA(low)(sf)/AA-sf/NR 42.397  16.750% 9.96 47.0%  12.9%    IS+133
C A(low)(sf)/A-sf/NR  27.256  12.250% 9.96 49.6%  12.2%    IS+160
               
               
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
 ANTICIPATED PRICING: TODAY
 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.

 

 

-------------------------------------------------------------------------------

If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you many obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see:

https://www.wellsfargo.com/com/disclaimer/wfsjb4. This chat will be retained and may be monitored.