0001539497-15-000280.txt : 20150303 0001539497-15-000280.hdr.sgml : 20150303 20150303171816 ACCESSION NUMBER: 0001539497-15-000280 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150303 DATE AS OF CHANGE: 20150303 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2015-C27 CENTRAL INDEX KEY: 0001633533 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-195164-05 FILM NUMBER: 15670386 BUSINESS ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO COMMERCIAL MORTGAGE SECURITIES INC CENTRAL INDEX KEY: 0000850779 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 561643598 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FORMER COMPANY: FORMER CONFORMED NAME: WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 20020304 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19960520 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19951013 FWP 1 n438_fwpx10.htm FREE WRITING PROSPECTUS Unassociated Document
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-195164-05
     
 
 
----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: Mar  3 2015 16:17:14
 
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-C27 - PUBLIC NEW ISSUE
**PRICED** $927.327 MM FIXED-RATE CMBS OFFERING
 
LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES
CO-MANAGER: BARCLAYS CAPITAL
 
 
OFFERED CERTIFICATES - PUBLIC
CLASS
DBRS/KBRA/MDY
SIZE($MM)
C/E
WAL
SPD
CPN%
YLD%
$PX
A-1
AAA(sf)/AAA(sf)/Aaa(sf)
50.293
30.000%
2.99
+42
1.730
1.7130
99.9997
A-2
AAA(sf)/AAA(sf)/Aaa(sf)
  7.934
30.000%
4.93
+60
3.005
2.3466
102.9962
A-3
AAA(sf)/AAA(sf)/Aaa(sf)
36.418
30.000%
6.92
+87
3.362
2.8803
102.9964
A-4
AAA(sf)/AAA(sf)/Aaa(sf)
240.000 
30.000%
9.78
+85
3.190
3.0765
100.9995
A-5
AAA(sf)/AAA(sf)/Aaa(sf)
309.207 
30.000%
9.92
+87
3.451
3.1044
102.9939
A-SB
AAA(sf)/AAA(sf)/Aaa(sf)
 89.627
30.000%
7.40
+77
3.278
2.8248
102.9961
A-S
AAA(sf)/AAA(sf)/Aa2(sf)
 79.897
22.375%
9.98
+125
3.836
3.4876
102.9972
B
AA(sf)/AA(sf)/A1(sf)
 45.842
18.000%
10.01
+155
4.139
3.7894
102.9974
C
A(low)(sf)/A-(sf)/NR
 68.109
11.500%
10.01
+230
3.894
4.5394
   94.9955
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS
DBRS/KBRA/MDY
SIZE($MM)
C/E
WAL
CUM LTV
NOI DY
    
D
BBB(low)(sf)/BBB-(sf)/NR
44.533
7.250%
10.01
62.4%
11.3%
    
 
 
COLLATERAL SUMMARY
 
CUT-OFF DATE BALANCE:
$1,047,828,035
NUMBER OF LOANS:
95
NUMBER OF PROPERTIES:
124
WA CUT-OFF LTV:
67.3%
WA BALLOON LTV:
57.8%
WA U/W NCF DSCR:
1.67x
WA U/W NOI DEBT YIELD:
10.5%
WA MORTGAGE RATE:
4.321%
TOP TEN LOANS %:
37.0%
WA TERM TO MATURITY (MOS):
118
WA AMORTIZATION TERM (MOS):   
355
WA SEASONING (MOS):
0
   
LOAN SELLERS:
WFB (37.0%), RMF (27.9%), PCC (14.6%),
 
LIG I (11.3%), C-III (8.1%), BASIS (1.2%)
   
TOP 5 PROPERTY TYPES:
RETAIL (23.6%), HOSPITALITY (21.6%),
 
OFFICE (20.2%),SELF STORAGE (14.7%),
 
MULTIFAMILY (12.0%)
   
TOP 5 STATES:
CA (16.6%), FL (13.0%), NC (9.0%),
 
OH (8.5%), NM (4.6%)
   
MASTER SERVICER:
WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:
RIALTO CAPITAL ADVISORS, LLC
SUBORDINATE CLASS REP:
RIALTO CMBS V, LLC or another affiliate of
 
RIALTO CAPITAL ADVISORS, LLC
   
DOCUMENTS & TIMING
  
 TERM SHEET, ANNEX A-1,
ATTACHED
 PRELIMINARY FWP:
ATTACHED
 ANTICIPATED SETTLEMENT:
MARCH 12, 2015
   
ROADSHOW
  
 NEW YORK 1x1's:
WED, 2/25
 HARTFORD, BREAKFAST:
THURS, 2/26 @ 8:30AM ET, MAX'S DOWNTOWN
 BOSTON, LUNCH:
THURS, 2/26 @ 12:00PM ET, THE LANGHAM
 MINNEAPOLIS, BREAKFAST:
THURS, 2/26 @ 7:30AM CT, GRAND HOTEL MINNEAPOLIS
 CONFERENCE CALLS:
UPON DEMAND
 
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM
REVIEW CODE: WFCM15C27 (not case-sensitive)
DIRECT LINK: http:  http://www.netroadshow.com/nrs/wp/default.html?show=6baCdA
 
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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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.