Wells Fargo Commercial Mortgage Trust 2016-C32
Filed: 4 Feb 16, 12:00am
| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-206677-02 | ||
----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: Feb 4 2016 08:32:55
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C32 - PUBLIC NEW ISSUE **IO PRICE GUIDANCE** $849.582 MM FIXED-RATE CMBS OFFERING
LEAD MANAGER AND SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC
CO-MANAGERS: BARCLAYS CAPITAL INC. AND DEUTSCHE BANK SECURITIES INC.
OFFERED CERTIFICATES - PUBLIC
| CLASS | DBRS/KBRA/MDYS | NOTIONAL SIZE($MM) | ~PROCEEDS($MM) | GUIDANCE |
| X-A | AAA(sf)/AAA(sf)/NR | 749.984 | 70.8 | T+280-290 |
COLLATERAL SUMMARY
| INITIAL POOL BALANCE: | $959,979,761 |
| NUMBER OF LOANS: | 112 |
| NUMBER OF PROPERTIES: | 152 |
| WA CUT-OFF LTV: | 58.7% |
| WA BALLOON LTV: | 51.8% |
| WA U/W NCF DSCR: | 2.46x |
| WA U/W NOI DEBT YIELD: | 15.3% |
| WA MORTGAGE RATE: | 4.750% |
| TOP TEN LOANS %: | 41.3% |
| WA REM TERM TO MATURITY (MOS): | 115 |
| WA REM AMORTIZATION TERM (MOS): | 349 |
| WA SEASONING (MOS): | 2 |
| LOAN SELLERS: | WFB(43.9%), RMF(23.7%), NCB(14.9%), C-III(10.0%), BASIS(7.4%) |
| TOP 3 PROPERTY TYPES: | RETAIL (26.5%), MULTIFAMILY (19.1%), HOSPITALITY (16.2%) |
| TOP 5 STATES: | NY(17.6%), CA(11.9%), TX(11.6%), IL(9.8%), FL(6.3%) |
| MASTER SERVICERS: | WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A. |
| SPECIAL SERVICERS: | RIALTO CAPITAL ADVISORS, LLC AND NATIONAL COOPERATIVE BANK, N.A. |
| SUBORDINATE CLASS REP: | RIALTO CMBS VIII, LLC OR ANOTHER AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC |
| DOCUMENTS & TIMING | |
| TERM SHEET, ANNEX A-1: | ATTACHED |
| PRELIMINARY PROSPECTUS: | ATTACHED |
| PRESALE REPORTS: | TUES 1/26 AND WED 1/27 |
| ANTICIPATED PRICING: | LATE WEEK OF 2/1 |
| ANTICIPATED SETTLEMENT: | FEBRUARY 18, 2016 |
| ROADSHOW | |
| MINNEAPOLIS, BREAKFAST: | TUES, 1/26 @ 7:30AM CT, THE GRAND HOTEL |
| HARTFORD, BREAKFAST: | TUES, 1/26 @ 8:30AM ET, MAX'S DOWNTOWN |
| BOSTON: | TUES, 1/26 @ 12:00PM ET, THE LANGHAM |
| NEW YORK 1x1's: | WED, 1/27 |
| CONFERENCE CALLS: | UPON DEMAND |
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: www.netroadshow.com/nrs/wp/default.html?show=4cDd4e
FINAL LINK: WFCM2016
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.
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