FWP 1 n784_prcguid-x9.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-11
     

  

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

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

At: 11/18/16 08:53:12

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-LC25 - PUBLIC NEW ISSUE **PRICE GUIDANCE** $826.045 MM FIXED-RATE CMBS OFFERING

 

SOLE LEAD MANAGERS & JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC

CO-MANAGERS: ACADEMY SECURITIES, INC. AND DEUTSCHE BANK SECURITIES INC.

 

 

OFFERED CERTIFICATES - PUBLIC

CLASS DBRS/FITCH/MDYS/MSTAR SIZE($MM) C/E WAL CUM LTV NOI DY GUIDANCE
A-1 AAA(sf)/AAAsf/Aaa(sf)/AAA 43.663 30.000% 2.78 44.2% 18.0% +35A
A-2 AAA(sf)/AAAsf/Aaa(sf)/AAA 75.129 30.000% 4.88 44.2% 18.0% +55A
A-3 AAA(sf)/AAAsf/Aaa(sf)/AAA 235.000 30.000% 9.68 44.2% 18.0% -2 to A4
A-4 AAA(sf)/AAAsf/Aaa(sf)/AAA 253.530 30.000% 9.90 44.2% 18.0% +113A
A-SB AAA(sf)/AAAsf/Aaa(sf)/AAA 61.153 30.000% 7.20 44.2% 18.0% -11 to A4
A-S AAA(sf)/AAAsf/Aa2(sf)/AAA 71.623 22.500% 9.94 49.0% 16.3% +145A
B AA(sf)/AA-sf/NR/AA 42.973 18.000% 9.94 51.8% 15.4% +165-175
C A(low)/A-sf/NR/A- 42.974 13.500% 9.94 54.7% 14.6% +265-280
               
               
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS DBRS/FITCH/MDYS/MSTAR SIZE($MM) C/E WAL CUM LTV NOI DY  
X-D AAA(sf)/BBB-sf/NR/AAA 52.523 N/A N/A N/A N/A  
D BBB(sf)/BBB-sf/NR/BBB 52.523 8.000% 9.94 58.1% 13.7%  

 

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $954,965,554
NUMBER OF LOANS: 80
NUMBER OF PROPERTIES: 135
WA CUT-OFF LTV: 63.2%
WA BALLOON LTV: 54.8%
WA U/W NCF DSCR: 2.16x
WA U/W NOI DEBT YIELD: 12.6%
WA MORTGAGE RATE: 4.461%
TOP TEN LOANS %: 37.9%
WA REM TERM TO MATURITY (MOS): 114
WA REM AMORTIZATION TERM (MOS):   352
WA SEASONING (MOS): 2
   
LOAN SELLERS: LCF(43.5%), WFB(28.9%), RMF(20.9%), NCB(6.7%)
   
TOP 3 PROPERTY TYPES: RETAIL (31.9%), OFFICE (24.1%), HOSPITALITY (14.5%)
   
TOP 5 STATES: NY(17.8%), CA(10.4%), TX(8.8%), SC(6.8%), FL(6.5%)
   
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
   
SPECIAL SERVICERS: CWCAPITAL ASSET MANAGEMENT LLC AND NATIONAL COOPERATIVE BANK, N.A.
   
DIRECTING CERTIFICATEHOLDER: WORLD CLASS CAPITAL GROUP
   
DOCUMENTS & TIMING  
 TERM SHEET, ANNEX A-1: ATTACHED
 PRELIMINARY PROSPECTUS: ATTACHED
 PRESALE REPORTS: TODAY/TOMORROW
 ANTICIPATED PRICING: BEG OF WEEK 11/21
 ANTICIPATED SETTLEMENT: DECEMBER 8, 2016
   
ROADSHOW  
 NEW YORK 1x1's: MON, 11/14
 HARTFORD, BREAKFAST: TUES, 11/15 @ 8:30AM ET, MAX'S DOWNTOWN
 MINNEAPOLIS, BREAKFAST: TUES, 11/15 @ 7:30AM CT, THE GRAND HOTEL
 BOSTON, LUNCH: TUES, 11/15 @ 12:00PM CT, THE LANGHAM
 DES MOINES,LUNCH: TUES, 11/15 @ 1:30PM CT, DES MOINES MARRIOTT DOWNTOWN
   
   
 CONFERENCE CALLS: UPON DEMAND

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM

REVIEW CODE: WFCM2016LC25
FINAL LINK: http://www.netroadshow.com/nrs/wp/default.html?show=ef28CB

 

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.