| | FREE WRITING PROSPECTUS |
| | FILED PURSUANT TO RULE 433 |
| | REGISTRATION FILE NO.: 333-195164-12 |
| | |
--- Original Sender: WELLS ABF SYNDICATE WELLS FARGO, WELLS FARGO SECURITI ---
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-SG1 - PUBLIC NEW ISSUE **PRICE GUIDANCE** $659.0 MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS & JT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC AND SOCIETE
GENERALE
CO-MANAGERS: CITIGROUP GLOBAL MARKETS, INC., MORGAN STANLEY & CO. LLC AND
NATIXIS SECURITIES AMERICAS LLC
OFFERED CERTIFICATES - PUBLIC
CLASS | FITCH/MDY/MSTAR | SIZE($MM) | C/E | WAL | CUM LTV | NOI DY | GUIDANCE |
A-1 | AAAsf/Aaa(sf)/AAA | 30.306 | 30.000% | 2.32 | 46.2% | 15.4% | +50 |
A-2 | AAAsf/Aaa(sf)/AAA | 17.909 | 30.000% | 4.56 | 46.2% | 15.4% | +65 |
A-3 | AAAsf/Aaa(sf)/AAA | 6.600 | 30.000% | 6.97 | 46.2% | 15.4% | +118-120 |
A-4 | AAAsf/Aaa(sf)/AAA | 391.844 | 30.000% | 9.79 | 46.2% | 15.4% | +118-120 |
A-SB | AAAsf/Aaa(sf)/AAA | 54.770 | 30.000% | 7.19 | 46.2% | 15.4% | +108 |
A-S | AAAsf/Aa2(sf)/AAA | 41.189 | 24.250% | 9.97 | 50.0% | 14.2% | +145 |
B | AA-sf/NR/AA | 44.771 | 18.000% | 9.97 | 54.2% | 13.2% | +200 |
C | A-sf/NR/A- | 33.130 | 13.375% | 9.97 | 57.2% | 12.5% | +280 |
D | BBB-sf/NR/BBB | 38.503 | 8.000% | 9.97 | 60.8% | 11.7% | +440 |
COLLATERAL SUMMARY
CUT-OFF DATE BALANCE: | $716,328,406 |
NUMBER OF LOANS: | 72 |
NUMBER OF PROPERTIES: | 77 |
WA CUT-OFF LTV: | 66.1% |
WA BALLOON LTV: | 56.4% |
WA U/W NCF DSCR: | 1.66x |
WA U/W NOI DEBT YIELD: | 10.8% |
WA MORTGAGE RATE: | 4.523% |
TOP TEN LOANS %: | 40.4% |
WA REM TERM TO MATURITY (MOS): | 118 |
WA REM AMORTIZATION TERM (MOS): | 351 |
WA SEASONING (MOS): | 1 |
LOAN SELLERS: | SG(35.7%), LIG(24.3%), BASIS(11.2%), LIG/SG(9.7%), |
| NATIXIS(9.6%), WFB(9.5%) |
| |
TOP 3 PROPERTY TYPES: | RETAIL (34.9%), HOSPITALITY (23.3%), OFFICE(19.0%) |
| |
TOP 5 STATES: | VA(13.7%), TX(9.9%), CA(9.4%), GA(9.0%), FL(8.8%) |
| |
MASTER SERVICERS: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
| |
SPECIAL SERVICERS: | RIALTO CAPITAL ADVISORS, LLC |
| |
SUBORDINATE CLASS REP: | RREF II CMBS AIV, LP or another affiliate of Rialto |
| Capital Advisors, LLC |
DOCUMENTS & TIMING | |
TERM SHEET, ANNEX A-1: | ATTACHED |
PRELIMINARY FWP: | ATTACHED |
PRESALE REPORTS: | MON, 8/10 |
ANTICIPATED PRICING: | BEG OF WEEK 8/17 |
ANTICIPATED SETTLEMENT: | AUGUST 27, 2015 |
| |
ROADSHOW | |
MINNEAPOLIS, BREAKFAST: | MON, 8/10 @ 7:30AM CT, THE GRAND HOTEL |
HARTFORD, LUNCH: | MON, 8/10 @ 12:00PM ET, MAX'S DOWNTOWN |
BOSTON: | MON, 8/10 @ 4:00PM ET, THE LANGHAM |
NEW YORK 1x1's: | TUES, 8/11 |
CONFERENCE CALLS: | UPON DEMAND |
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM AVAILABLE 8/10 REVIEW CODE: WFCMSG1 FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=4Ca20D
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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