0001539497-15-000351.txt : 20150318 0001539497-15-000351.hdr.sgml : 20150318 20150318121113 ACCESSION NUMBER: 0001539497-15-000351 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 0000850779 FILED AS OF DATE: 20150318 DATE AS OF CHANGE: 20150318 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2015-LC20 CENTRAL INDEX KEY: 0001635569 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: 333-195164-06 FILM NUMBER: 15709357 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 n451_fwpx3.htm FREE WRITING PROSPECTUS Unassociated Document
   
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 ANNOUNCEMENT*
 
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-LC20 - PUBLIC NEW ISSUE
**ANNOUNCEMENT** $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)
C/E
WAL
CUM LTV
NOI DY
A-1
AAA(sf)/Aaa(sf)/AAA
30.186
30.000%
2.76
46.5%
14.3%
A-2
AAA(sf)/Aaa(sf)/AAA
83.309
30.000%
4.95
46.5%
14.3%
A-3
AAA(sf)/Aaa(sf)/AAA
43.133
30.000%
6.96
46.5%
14.3%
A-4
AAA(sf)/Aaa(sf)/AAA
155.000  
30.000%
9.78
46.5%
14.3%
A-5
AAA(sf)/Aaa(sf)/AAA
215.903  
30.000%
9.94
46.5%
14.3%
A-SB
AAA(sf)/Aaa(sf)/AAA
53.206
30.000%
7.41
46.5%
14.3%
A-S
AAA(sf)/Aa1(sf)/AAA
27.999
26.625%
9.96
48.8%
13.7%
X-A
AAA(sf)/NR/AAA
608.736  
N/A
N/A
N/A
N/A
X-B
AAA(sf)/NR/AAA
147.259  
N/A
N/A
N/A
N/A
B
AA(low)(sf)/Aa3(sf)/AA-
50.815
20.500%
9.96
52.9%
12.6%
C
A(low)(sf)/NR/A-
51.851
14.250%
9.96
57.0%
11.7%
PEX
A(low)(sf)/NR/A-
130.665  
14.250%
9.96
57.0%
11.7%
 
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS
DBRS/MDY/MSTAR
SIZE($MM)
C/E
WAL
CUM LTV
NOI DY
A-5FL
AAA(sf)/Aaa(sf)/AAA
215.903  
30.000%
9.94
46.5%
14.3%
D
BBB(low)(sf)/NR/BBB-
44.593
8.875%
9.96
60.6%
11.0%
             
 
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: EARLY WEEK OF 3/23
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.
 
 
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