FWP 1 n1164_x7.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-22
     

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

 

 

BANK 2018-BNK10 - PUBLIC NEW ISSUE

**ANNOUNCEMENT** $1,287.149 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS

& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC
  BOFA MERRILL LYNCH
  MORGAN STANLEY & CO. LLC
   
CO-MANAGER: ACADEMY SECURITIES, INC.

 

 

OFFERED CERTIFICATES - PUBLIC
CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
A-1 AAA(sf)/AAAsf/Aaa(sf) 31.307 30.000% 2.74 41.9% 17.5%
A-2 AAA(sf)/AAAsf/Aaa(sf)   3.822 30.000% 4.92 41.9% 17.5%
A-3 AAA(sf)/AAAsf/Aaa(sf)   4.623 30.000% 6.92 41.9% 17.5%
A-SB AAA(sf)/AAAsf/Aaa(sf) 53.452 30.000% 7.33 41.9% 17.5%
A-4 AAA(sf)/AAAsf/Aaa(sf) 160.000   30.000% 9.77 41.9% 17.5%
A-5 AAA(sf)/AAAsf/Aaa(sf) 602.750   30.000% 9.88 41.9% 17.5%
X-A AAA(sf)/AAAsf/Aaa(sf) 855.954   N/A N/A N/A N/A
X-B A(high)(sf)/A-sf/NR 215.517   N/A N/A N/A N/A
A-S AAA(sf)/AAAsf/Aa3(sf) 103.937   21.500% 9.92 47.0% 15.6%
B AA(high)(sf)/AA-sf/NR 55.025 17.000% 9.92 49.6% 14.7%
C A(sf)/A-sf/NR 56.555 12.375% 10.01 52.4% 13.9%
             
             
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 62.668 N/A N/A N/A N/A
D BBB(low)(sf)/BBB-sf/NR 62.668 7.250% 10.01 55.5% 13.2%
             
             
NON-OFFERED ELIGIBLE VERTICAL INTEREST
CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
RR NR/NR/NR 64.357 N/A 9.57 N/A N/A
             

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $1,287,148,920
NUMBER OF LOANS: 68
NUMBER OF PROPERTIES: 181
WA CUT-OFF LTV: 59.8%
WA BALLOON LTV: 55.2%
WA U/W NCF DSCR: 2.35x
WA U/W NOI DEBT YIELD: 12.2%
WA MORTGAGE RATE: 4.369%
TOP TEN LOANS %: 51.1%
WA REM TERM TO MATURITY (MOS): 118
WA REM AMORTIZATION TERM (MOS): 353
WA SEASONING (MOS): 1
   
LOAN SELLERS: MSMCH(42.8%) WFB(30.4%),
  BANA(22.3%), NCB(4.5%)
   
TOP 3 PROPERTY TYPES: OFFICE(24.9%), RETAIL(22.2%),
  SELF STORAGE(21.1%)
   
TOP 5 STATES: CA(20.3%), TX(9.2%), IL(7.1%),
  NJ(6.1%), WI(5.8%)
   
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND
  NATIONAL COOPERATIVE BANK, N.A.
   
SPECIAL SERVICERS: TORCHLIGHT LOAN SERVICES, LLC AND
  NATIONAL COOPERATIVE BANK, N.A.
   
DIRECTING CERTIFICATEHOLDER: TORCHLIGHT INVESTORS, LLC
   
DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
PRESALE REPORTS: TODAY & TOMORROW
ANTICIPATED PRICING: WEEK OF JANUARY 22, 2017
ANTICIPATED SETTLEMENT: FEBRUARY 13, 2018
   
ROADSHOW  
HARTFORD, BREAKFAST: TUES, 1/23 @ 8:30AM ET, MAX DOWNTOWN RESTAURANT
BOSTON, LUNCH: TUES, 1/23 @ 12:00PM ET, RITZ CARLTON
MINNEAPOLIS, BREAKFAST: WED, 1/24 @ 7:30AM CT, KIMPTON GRAND HOTEL
DES MOINES, LUNCH: WED, 1/24 @ 1:00PM CT, THE DES LUX HOTEL
   
CONFERENCE CALLS: UPON DEMAND
   
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM
REVIEW CODE: BNK10
FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=70d5Ee

 

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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