FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-195164-14 | ||
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: Sep 24 2015 08:46:52
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-NXS3 - PUBLIC NEW ISSUE **PRICE GUIDANCE** $712.7 MM FIXED-RATE CMBS OFFERING
LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC
CO-MANAGERS: DEUTSCHE BANK SECURITIES INC. AND NATIXIS SECURITIES AMERICAS LLC
OFFERED CERTIFICATES - PUBLIC | ||||||
CLASS | DBRS/KBRA/MDYS | SIZE($MM) | C/E | WAL | PRICE GUDIANCE | |
A-1 | AAA(sf)/AAA(sf)/Aaa(sf) | 25.362 | 30.000% | 2.55 | +52A | |
A-2 | AAA(sf)/AAA(sf)/Aaa(sf) | 160.171 | 30.000% | 4.83 | +73A | |
A-3 | AAA(sf)/AAA(sf)/Aaa(sf) | 130.000 | 30.000% | 9.81 | ||
A-4 | AAA(sf)/AAA(sf)/Aaa(sf) | 206.848 | 30.000% | 9.88 | +117-119 | |
A-SB | AAA(sf)/AAA(sf)/Aaa(sf) | 47.768 | 30.000% | 7.38 | +105A | |
A-S | AAA(sf)/AAA(sf)/Aa2(sf) | 55.997 | 23.125% | 9.92 | +150A | |
B | AA(low)(sf)/AA-(sf)/NR | 43.780 | 17.750% | 9.92 | +210A | |
C | A(low)(sf)/A-(sf)/NR | 42.761 | 12.500% | 9.92 | +300A | |
NON-OFFERED CERTIFICATES - PRIVATE (144A) | ||||||
CLASS | DBRS/KBRA/MDYS | SIZE($MM) | C/E | WAL | CUM LTV | NOI DY |
D | BBB(low)(sf)/BBB-(sf)/NR | 40.725 | 7.500% | 9.92 | 54.2% | 13.3% |
COLLATERAL SUMMARY
CUT-OFF DATE BALANCE: | $814,499,765 |
NUMBER OF LOANS: | 56 |
NUMBER OF PROPERTIES: | 59 |
WA CUT-OFF LTV: | 58.6% |
WA BALLOON LTV: | 52.8% |
WA U/W NCF DSCR: | 2.13x |
WA U/W NOI DEBT YIELD: | 12.3% |
WA MORTGAGE RATE: | 4.506% |
TOP TEN LOANS %: | 59.6% |
WA REM TERM TO MATURITY (MOS): | 107 |
WA REM AMORTIZATION TERM (MOS): | 358 |
WA SEASONING (MOS): | 2 |
LOAN SELLERS: NXS(47.6%), WFB(35.0%), SPREF(13.0%), NCB(4.4%)
TOP 3 PROPERTY TYPES: RETAIL (28.4%), OFFICE (23.9%), HOSPITALITY (19.7%)
TOP 5 STATES: CA(43.5%), NY(23.5%), TX(9.3%), TN(6.1%), FL(4.7%)
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
SPECIAL SERVICERS: LNR PARTNERS, LLC, MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
SUBORDINATE CLASS REP: LNR SECURITIES HOLDINGS, LLC OR AN AFFILIATE
DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1: | ATTACHED |
PRELIMINARY FWP: | ATTACHED |
PRESALE REPORTS: | MON, 9/21 AND TUES, 9/22 |
ANTICIPATED PRICING: | WEEK OF 9/28 |
ANTICIPATED SETTLEMENT: | OCTOBER 13, 2015 |
ROADSHOW
HARTFORD, BREAKFAST: | MON, 9/21 @ 8:30AM ET, MAX'S DOWNTOWN |
BOSTON, LUNCH: | MON, 9/21 @ 12:00PM ET, BOSTON HARBOR HOTEL |
MINNEAPOLIS, BREAKFAST: | TUES, 9/22 @ 7:30AM CT, THE GRAND HOTEL |
NEW YORK 1x1's: | TUES, 9/22 |
CONFERENCE CALLS: | UPON DEMAND |
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=5791bE
REVIEW CODE: WFC2015 (not case-sensitive)
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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