FWP 1 n620_x16.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-02
     

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

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

At: Feb 5 2016 15:46:27

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C32 - PUBLIC NEW ISSUE **IO PRICING DETAILS** $849.582 MM FIXED-RATE CMBS OFFERING

 

LEAD MANAGER AND SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC

CO-MANAGERS: BARCLAYS CAPITAL INC. AND DEUTSCHE BANK SECURITIES INC.

 

 

OFFERED CERTIFICATES - PUBLIC

CLASS DBRS/KBRA/MDYS SIZE($MM) ~PROCEEDS($MM) SPD YLD CPN $PX
X-A AAA(sf)/AAA(sf)/NR 749.984 69.8 T+315 4.8710 1.3699 9.3302

 

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $959,979,761
NUMBER OF LOANS: 112
NUMBER OF PROPERTIES: 152
WA CUT-OFF LTV: 58.7%
WA BALLOON LTV: 51.8%
WA U/W NCF DSCR: 2.46x
WA U/W NOI DEBT YIELD: 15.3%
WA MORTGAGE RATE: 4.750%
TOP TEN LOANS %: 41.3%
WA REM TERM TO MATURITY (MOS): 115
WA REM AMORTIZATION TERM (MOS): 349
WA SEASONING (MOS): 2

 

LOAN SELLERS: WFB(43.9%), RMF(23.7%), NCB(14.9%), C-III(10.0%), BASIS(7.4%)

 

TOP 3 PROPERTY TYPES: RETAIL (26.5%), MULTIFAMILY (19.1%), HOSPITALITY (16.2%)

 

TOP 5 STATES: NY(17.6%), CA(11.9%), TX(11.6%), IL(9.8%), FL(6.3%)

 

MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.

 

SPECIAL SERVICERS: RIALTO CAPITAL ADVISORS, LLC AND NATIONAL COOPERATIVE BANK, N.A.

 

SUBORDINATE CLASS REP: RIALTO CMBS VIII, LLC OR ANOTHER AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC

 

DOCUMENTS & TIMING

TERM SHEET, ANNEX A-1: ATTACHED
PRELIMINARY PROSPECTUS: ATTACHED
PRESALE REPORTS: TUES 1/26 AND WED 1/27
ANTICIPATED PRICING: PRICED
ANTICIPATED SETTLEMENT: FEBRUARY 18, 2016
   
ROADSHOW  
MINNEAPOLIS, BREAKFAST: TUES, 1/26 @ 7:30AM CT, THE GRAND HOTEL
HARTFORD, BREAKFAST: TUES, 1/26 @ 8:30AM ET, MAX'S DOWNTOWN
BOSTON: TUES, 1/26 @ 12:00PM ET, THE LANGHAM
NEW YORK 1x1's: WED, 1/27
CONFERENCE CALLS: UPON DEMAND

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: www.netroadshow.com/nrs/wp/default.html?show=4cDd4e

FINAL LINK: WFCM2016

 

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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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.

 

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