FWP 1 n1095_publiclaunch-x10.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-20
     

 

--- Original Sender: WELLS ABF SYNDICATE WELLS FARGO, WELLS FARGO SECURITIES LLC ---

 

WFCM 2017-C41 - PUBLIC NEW ISSUE

**LAUNCH** $690.629 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS  
& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC
  BARCLAYS CAPITAL INC.

 

CO-MANAGER: ACADEMY SECURITIES, INC.

 

 

OFFERED CERTIFICATES - PUBLIC
CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY LAUNCH
A-1 AAAsf/AAA(sf)/Aaa(sf) 30.952 30.000% 2.91 42.5% 16.1% IS+28
A-2 AAAsf/AAA(sf)/Aaa(sf) 14.675 30.000% 4.96 42.5% 16.1% IS+47
A-SB AAAsf/AAA(sf)/Aaa(sf) 44.401 30.000% 7.19 42.5% 16.1% IS+70
A-3 AAAsf/AAA(sf)/Aaa(sf) 215.000 30.000% 9.65 42.5% 16.1% IS+77
A-4 AAAsf/AAA(sf)/Aaa(sf) 245.117 30.000% 9.90 42.5% 16.1% IS+79
A-S AAAsf/AAA(sf)/Aa3(sf) 69.751 21.125% 9.96 47.9% 14.3% IS+110
B AA-sf/AA-(sf)/NR 38.313 16.250% 9.96 50.8% 13.5% IS+150
C A-sf/A-(sf)/NR 32.420 12.125% 9.96 53.3% 12.8% IS+200

 

NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
X-D BBB+sf/BBB(sf)/NR 12.771 N/A N/A N/A N/A
D BBB+sf/BBB(sf)/NR 12.771 10.500% 9.96 54.3% 12.6%

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $785,922,177
NUMBER OF LOANS: 52
NUMBER OF PROPERTIES: 97
WA CUT-OFF LTV: 60.7%
WA BALLOON LTV: 54.2%
WA U/W NCF DSCR: 1.85x
WA U/W NOI DEBT YIELD: 11.3%
WA MORTGAGE RATE: 4.533%
TOP TEN LOANS %: 41.9%
WA REM TERM TO MATURITY (MOS): 117
WA REM AMORTIZATION TERM (MOS): 349
WA SEASONING (MOS): 1

 

LOAN SELLERS: BARCLAYS(34.4%), AREF(24.0%), LCF(22.8%), WFB(18.7%)
   
TOP 3 PROPERTY TYPES: RETAIL(27.1%), HOSPITALITY(20.4%), OFFICE(18.4%)
   
TOP 5 STATES: CA(25.4%), NJ(12.2%), NY(8.6%), OH(7.6%), TX(7.2%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: LNR PARTNERS, LLC
   
DIRECTING CERTIFICATEHOLDER: ARGENTIC SECURITIES HOLDINGS CAYMAN LIMITED OR AN AFFILIATE

 

DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
ANTICIPATED PRICING: TODAY at 11:30am
ANTICIPATED SETTLEMENT: NOVEMBER 30, 2017

 

CONFERENCE CALLS: UPON DEMAND

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: WFCM2017C41

FINAL LINK: http://www.netroadshow.com/nrs/wp/default.html?show=AD9BD9

 

 

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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