FWP 1 n469_fwpx8.htm FREE WRITING PROSPECTUS Unassociated Document
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-195164-08
     
 

----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
To: MELISSA BAND (WELLS FARGO SECURITI)
At: May 11 2015 10:07:30

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-C28 - PUBLIC NEW ISSUE
** $1,076 MM FIXED-RATE CMBS OFFERING

LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES
CO-MANAGERS: DEUTSCHE BANK SECURITIES, MORGAN STANLEY


OFFERED CERTIFICATES - PUBLIC
CLASS
DBRS/KBRA/MDY
SIZE($MM)
C/E
WAL
GUIDANCE
A-1
AAA(sf)/AAA(sf)/Aaa(sf)
42.399
30.000%
2.77
40A
A-2
AAA(sf)/AAA(sf)/Aaa(sf)
54.565
30.000%
4.86
52A
A-3
AAA(sf)/AAA(sf)/Aaa(sf)
285.000
30.000%
9.87
  
A-4
AAA(sf)/AAA(sf)/Aaa(sf)
346.130
30.000%
9.90
85A
A-SB
AAA(sf)/AAA(sf)/Aaa(sf)
87.186
30.000%
7.48
74A
A-S
AAA(sf)/AAA(sf)/Aa2(sf)
88.807
22.375%
9.90
115-120
B
AA(low)(sf)/AA-(sf)/NR
62.602
17.000%
9.98
150-155
C
A(low)(sf)/A-(sf)/NR
50.955
12.625%
9.98
205-210
D
BBB(low)(sf)/BBB-(sf)/NR
58.235
7.625%
9.98
330-335

NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS
DBRS/KBRA/MDY
SIZE($MM)
C/E
WAL
A-4FL
AAA(sf)/AAA(sf)/Aaa(sf)
346.130
30.000%
9.90


COLLATERAL SUMMARY

CUT-OFF DATE BALANCE: $1,164,686,419
NUMBER OF LOANS: 99
NUMBER OF PROPERTIES: 134
WA CUT-OFF LTV: 65.0%
WA BALLOON LTV: 57.5%
WA U/W NCF DSCR: 1.69x
WA U/W NOI DEBT YIELD: 10.3%
WA MORTGAGE RATE: 4.171%
TOP TEN LOANS %:  47.3%
WA REM TERM TO MATURITY (MOS): 116
WA AMORTIZATION TERM (MOS): 347
WA SEASONING (MOS): 2

LOAN SELLERS: WFB(55.1%), RMF(24.1%), C-III(12.7%), BASIS(8.1%)

TOP 5 PROPERTY TYPES: RETAIL(33.8%), OFFICE(25.2%), SELF STORAGE(12.4%),
                                               HOSPITALITY(9.9%), MULTIFAMILY(8.4%)

TOP 5 STATES: CA(26.3%), TX(11.2%), PA(9.0%),
                            NY(5.7%), FL(5.6%)

MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER: MIDLAND LOAN SERVICES
SUBORDINATE CLASS REP: AFFILIATE OF KKR SECURITIES HOLDINGS, LLC

DOCUMENTS & TIMING
 TERM SHEET, ANNEX A-1, ATTACHED
 PRELIMINARY FWP: ATTACHED
 PRESALE REPORTS: MON, 5/4 - TUES, 5/5
 ANTICIPATED PRICING: THIS WEEK
 ANTICIPATED SETTLEMENT: MAY 21, 2015

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM
REVIEW CODE: WFCM3478 (not case-sensitive)
DIRECT LINK: http://www.netroadshow.com/nrs/wp/default.html?show=4a8C56


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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