| | | FREE WRITING PROSPECTUS |
| | | FILED PURSUANT TO RULE 433 |
| | | REGISTRATION FILE NO.: 333-195164-06 |
| | | |
From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)
Subject: Fwd:NEW ISSUE CMBS: WFCM 2015-LC20 *PUBLIC IO PRICING DETAILS*
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-LC20 - PUBLIC NEW ISSUE
**PRICING DETAILS** $711.4 MM FIXED-RATE CMBS OFFERING
| LEAD MANAGER & SOLE BOOKRUNNER: | WELLS FARGO SECURITIES |
| CO-MANAGERS: | CREDIT SUISSE, DEUSTCHE BANK SECURITIES |
| | |
OFFERED CERTIFICATES - PUBLIC
| CLASS | DBRS/MDY/MSTAR | SIZE($MM) | SPREAD | CPN | YLD | $PX |
| X-A | AAA(sf)/NR/AAA | 608.736 | T+160 | 1.5595 | 3.4496 | 9.7619 |
| X-B | AAA(sf)/NR/AAA | 102.666 | T+175 | 0.6222 | 3.7054 | 4.2664 |
COLLATERAL SUMMARY
| CUT-OFF DATE BALANCE: | $829,624,317 |
| NUMBER OF LOANS: | 68 |
| NUMBER OF PROPERTIES: | 122 |
| WA CUT-OFF LTV: | 66.5% |
| WA BALLOON LTV: | 58.9% |
| WA U/W NCF DSCR: | 1.63x |
| WA U/W NOI DEBT YIELD: | 10.0% |
| WA MORTGAGE RATE: | 4.396% |
| TOP TEN LOANS %: | 45.9% |
| WA TERM TO MATURITY (MOS): | 112 |
| WA AMORTIZATION TERM (MOS): | 353 |
| WA SEASONING (MOS): | 1 |
| | |
| LOAN SELLERS: | LCF (34.5%), WFB (32.9%), SPREF (32.6%) |
| | |
| TOP 5 PROPERTY TYPES: | RETAIL (26.1%), OFFICE (25.4%), HOSPITALITY (19.3%), MULTIFAMILY (10.2%), INDUSTRIAL (8.4%) |
| | |
| TOP 5 STATES: | NY (16.3%), CA (14.0%), TX (8.2%), FL (6.8%), CO (6.6%) |
| | |
| MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
| SPECIAL SERVICER: | 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: | THUR, 3/19 |
| PRESALE REPORTS: | WED, 3/18 - THURS, 3/19 |
| ANTICIPATED PRICING: | PRICED |
| ANTICIPATED SETTLEMENT: | MARCH 31, 2015 |
| |
| ROADSHOW |
| NEW YORK 1x1's: | WED, 3/18 |
| HARTFORD, BREAKFAST: | THURS, 3/19 @ 8:30AM ET, MAX'S DOWNTOWN |
| BOSTON, LUNCH: | THURS, 3/19 @ 12:00PM ET, THE LANGHAM |
| MINNEAPOLIS, BREAKFAST: | THURS, 3/19 @ 7:30AM CT, GRAND HOTEL MINNEAPOLIS |
| CONFERENCE CALLS: | UPON DEMAND |
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: HOLDINGS48 (not case-sensitive) DIRECT LINK: http: http://www.netroadshow.com/nrs/wp/default.html?show=72E05c
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.
-------------------------------------------------------------------------------
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
