FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-206677-14 | ||
----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: 03/23/17 13:17:21
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2017-RB1 - PUBLIC NEW ISSUE **IO PRICING DETAILS** $531.482 MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS
& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC
BARCLAYS CAPITAL INC.
SG AMERICAS SECURITIES, LLC
UBS SECURITIES LLC
CO-MANAGER: ACADEMY SECURITIES, INC.
OFFERED CERTIFICATES - PUBLIC | ||||||
CLASS | DBRS/FITCH/MDYS | SIZE($MM) | SPD | YLD% | CPN% | $PRICE |
X-A | AAA(sf)/AAAsf/Aaa(sf) | 423.974 | T+130 | 3.6577 | 1.4461 | 9.99490 |
X-B | A(sf)/A-sf/NR | 107.508 | T+120 | 3.6047 | 0.8772 | 6.49780 |
NON-OFFERED CERTIFICATES - PRIVATE (144A) | ||||||
CLASS | DBRS/FITCH/MDYS | SIZE($MM) | C/E | WAL | CUM LTV | NOI DY |
X-D | BBB(sf)/BBB-sf/NR | 31.798 | N/A | N/A | N/A | N/A |
D | BBB(low)(sf)/BBB-sf/NR | 31.798 | 7.000% | 9.96 | 52.5% | 11.5% |
NON-OFFERED ELIGIBLE VERTICAL INTEREST | ||||||
CLASS | DBRS/FITCH/MDYS | SIZE($MM) | C/E | WAL | CUM LTV | NOI DY |
RR | NR/NR/NR | 31.878 | N/A | N/A | N/A | N/A |
COLLATERAL SUMMARY
INITIAL POOL BALANCE: | $637,555,685 |
NUMBER OF LOANS: | 37 |
NUMBER OF PROPERTIES: | 72 |
WA CUT-OFF LTV: | 56.5% |
WA BALLOON LTV: | 52.6% |
WA U/W NCF DSCR: | 1.82x |
WA U/W NOI DEBT YIELD: | 10.7% |
WA MORTGAGE RATE: | 4.748% |
TOP TEN LOANS %: | 57.0% |
WA REM TERM TO MATURITY (MOS): | 117 |
WA REM AMORTIZATION TERM (MOS): | 354 |
WA SEASONING (MOS): | 1 |
LOAN SELLERS: | BARCLAYS(31.7%), WFB(27.2%), |
UBSAG(26.8%), SG(14.3%) | |
TOP 3 PROPERTY TYPES: | OFFICE(49.8%), RETAIL(18.8%), |
HOSPITALITY(10.3%) | |
TOP 5 STATES: | CA(27.4%), NY(15.9%), MA(8.6%), |
GA(5.8%), TX(5.7%) | |
MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
SPECIAL SERVICER: | C-III ASSET MANAGEMENT LLC |
DIRECTING CERTIFICATEHOLDER: | C-III INVESTMENT MANAGEMENT LLC |
DOCUMENTS & TIMING | |
TERM SHEET, ANNEX A-1: | ATTACHED |
PRELIMINARY PROSPECTUS: | ATTACHED |
ANTICIPATED SETTLEMENT: | MARCH 30, 2017 |
ROADSHOW | |
NEW YORK 1x1's: | WED, 3/15 |
MINNEAPOLIS, BREAKFAST: | THURS, 3/16 @ 7:30AM CT, THE GRAND HOTEL |
HARTFORD, BREAKFAST: | THURS, 3/16 @ 8:30AM ET, MAX'S DOWNTOWN |
BOSTON, LUNCH: | THURS, 3/16 @ 12:00PM ET, RITZ-CARLTON |
DES MOINES,LUNCH: | THURS, 3/16 @ 1:30PM CT, MARRIOTT DOWNTOWN |
CONFERENCE CALLS: | UPON DEMAND |
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM
REVIEW CODE: 2017RB1 (not case-sensitive)
FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=8d9b09
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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