Wells Fargo Commercial Mortgage Securities
Filed: 10 Aug 17, 12:00am
| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-206677-17 | ||
----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: 08/10/17 12:44:21
WFCM 2017-C39 - PUBLIC NEW ISSUE
**IO PRICE GUIDANCE** $996.894 MM FIXED-RATE CMBS OFFERING
| CO-LEAD MANAGERS & JOINT BOOKRUNNERS: | WELLS FARGO SECURITIES, LLC |
| BARCLAYS CAPITAL INC. | |
| CO-MANAGERS: | CITIGROUP GLOBAL MARKETS INC. |
| NATIXIS SECURITIES AMERICAS LLC |
OFFERED CERTIFICATES - PUBLIC
| CLASS | FITCH/KBRA/MDYS | SIZE($MM) | PROCEEDS($MM) | PRICE GUIDANCE |
| X-A | AAA(sf)/AAA(sf)/Aaa(sf) | 792.984 | ~68.5 | T+115A |
| X-B | A-(sf)/AAA(sf)/NR | 223.642 | ~9.0 | BWIC Friday at 10am EST |
| Suggested T+105A |
COLLATERAL SUMMARY
| INITIAL POOL BALANCE: | $1,132,834,836 |
| NUMBER OF LOANS: | 64 |
| NUMBER OF PROPERTIES: | 149 |
| WA CUT-OFF LTV: | 58.8% |
| WA BALLOON LTV: | 54.2% |
| WA U/W NCF DSCR: | 2.15x |
| WA U/W NOI DEBT YIELD: | 11.2% |
| WA MORTGAGE RATE: | 4.372% |
| TOP TEN LOANS %: | 45.2% |
| WA REM TERM TO MATURITY (MOS): | 114 |
| WA REM AMORTIZATION TERM (MOS): | 353 |
| WA SEASONING (MOS): | 2 |
| LOAN SELLERS: | WFB(29.4%), BARCLAYS(26.6%), AREF(23.8%), NATIXIS(13.6%), BASIS(6.6%) |
| TOP 3 PROPERTY TYPES: | OFFICE(36.2%), RETAIL(30.1%), HOSPITALITY(16.4%) |
| TOP 5 STATES: | NY(21.6%), NJ(12.2%), IL(9.1%), MD(7.5%), CA(7.3%) |
| MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
| SPECIAL SERVICER: | LNR PARTNERS, LLC |
| DIRECTING CERTIFICATEHOLDER: | B-PIECE HOLDINGS CAYMAN LIMITED OR AN AFFILIATE |
| DOCUMENTS & TIMING | |
| TERM SHEET, ANNEX A-1: | ATTACHED |
| ANTICIPATED SETTLEMENT: | AUGUST 22, 2017 |
| PRE-RECORDED GLOBAL INVESTOR CALL: | WWW.NETROADSHOW.COM |
| REVIEW CODE: | C39WFCM2017 |
| FINAL LINK: | www.netroadshow.com/nrs/wp/default.html?show=B17fEb |
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.