0001539497-16-004097.txt : 20161128 0001539497-16-004097.hdr.sgml : 20161128 20161128165625 ACCESSION NUMBER: 0001539497-16-004097 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20161128 DATE AS OF CHANGE: 20161128 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2016-LC25 CENTRAL INDEX KEY: 0001688451 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-206677-11 FILM NUMBER: 162020463 BUSINESS ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO COMMERCIAL MORTGAGE SECURITIES INC CENTRAL INDEX KEY: 0000850779 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 561643598 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FORMER COMPANY: FORMER CONFORMED NAME: WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 20020304 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19960520 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19951013 FWP 1 n784_x13.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: 11/28/16 12:11:27

*Corrects settlement date*

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-LC25 - PUBLIC NEW ISSUE **IO 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($MM)	~PROCEEDS ($MM)	GUIDANCE
X-A	AAA(sf)/AAAsf/Aaa(sf)/AAA	668.475	46.578	T+225A

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
ANTICIPATED PRICING:	TODAY/TOMORROW
ANTICIPATED SETTLEMENT:	DECEMBER 8, 2016

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.

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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.