FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-195164-09 | ||
From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)
Subject: Fwd:NEW ISSUE CMBS: WFCM 2015-C29 *PUBLIC IO PRICE GUIDANCE*
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-C29 - PUBLIC NEW ISSUE
**IO PRICE GUIDANCE** $1,092 MM FIXED-RATE CMBS OFFERING
LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES
CO-MANAGERS: CITIGROUP, DEUTSCHE BANK SECURITIES
OFFERED CERTIFICATES - PUBLIC | ||||
CLASS | FITCH/KBRA/MDY | SIZE($MM) | PROCEEDS(MM) | PX GUIDANCE |
X-A | AAAsf/AAA(sf)/NR | 912.194 | ~49.65 | +175A |
X-B | NR/AAA(sf)/NR | 120.645 | ~0.52 | *AUCTION |
*XB AUCTION BIDS DUE TOMORROW (6/23) at 11AM EST |
COLLATERAL SUMMARY | |
CUT-OFF DATE BALANCE: | $1,177,025,122 |
NUMBER OF LOANS: | 133 |
NUMBER OF PROPERTIES: | 151 |
WA CUT-OFF LTV: | 64.5% |
WA BALLOON LTV: | 55.5% |
WA U/W NCF DSCR: | 1.98x |
WA U/W NOI DEBT YIELD: | 11.8% |
WA MORTGAGE RATE: | 4.266% |
TOP TEN LOANS %: | 32.6% |
WA REM TERM TO MATURITY (MOS): | 118 |
WA REM AMORTIZATION TERM (MOS): | 354 |
WA SEASONING (MOS): | 1 |
LOAN SELLERS: | WFB(49.2%), RMF(20.1%), SPREF(12.3%), WDCPF(9.6%), NCB(8.7%) |
TOP 5 PROPERTY TYPES: | MULTIFAMILY(28.8%), RETAIL(26.7%), OFFICE(25.1%), SELF STORAGE(6.8%), HOSPITALITY(4.9%) |
TOP 5 STATES: | NY(15.5%), TX(14.6%), FL(13.8%), VA(6.0%), CA(4.8%) |
MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A. |
SPECIAL SERVICER: | MIDLAND LOAN SERVICES AND NATIONAL COOPERATIVE BANK, N.A. |
SUBORDINATE CLASS REP: | AFFILIATE OF DOUBLELINE CAPITAL L.P. |
DOCUMENTS & TIMING | |
TERM SHEET, ANNEX A-1: | ATTACHED |
PRELIMINARY FWP: | ATTACHED |
PRESALE REPORTS: | WED, 6/10 AND THUR, 6/11 |
ANTICIPATED PRICING: | MID WEEK 6/15 |
ANTICIPATED SETTLEMENT: | JUNE 26, 2015 |
ROADSHOW |
HARTFORD, BREAKFAST: THURS, 6/11 @ 8:30AM ET, Max's Downtown |
BOSTON, LUNCH: THURS, 6/11 @ 12:00PM ET, THE LANGHAM |
MINNEAPOLIS, BREAKFAST: THURS, 6/11 @7:30AM CT, GRAND HOTEL MINNEAPOLIS |
NEW YORK 1x1's: WED, 6/10 |
CONFERENCE CALLS: UPON DEMAND |
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: WFCM2015C29 |
DIRECT LINK: http://www.netroadshow.com/nrs/wp/default.html?show=af564E |
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. 333-195164) 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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