FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-195164-10 | ||
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: Jun 30 2015 12:56:07
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-NXS2 - PUBLIC NEW ISSUE
$841.2 MM FIXED-RATE CMBS OFFERING *Pricing Details*
LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC
CO-MANAGERS: DREXEL HAMILTON, LLC AND NATIXIS SECURITIES AMERICAS LLC
OFFERED CERTIFICATES - PUBLIC
CLASS | DBRS/KBRA/MDY | SIZE($MM) | C/E | WAL | SPD | CPN | YLD | $PRICE |
A-1 | AAA(sf)/AAA(sf)/Aaa(sf) | 27.412 | 30.000% | 2.44 | +38 | 1.4350 | 1.4159 | 99.9996 |
A-2 | AAA(sf)/AAA(sf)/Aaa(sf) | 161.100 | 30.000% | 4.34 | +68 | 3.0200 | 2.2759 | 102.9981 |
A-3 | AAA(sf)/AAA(sf)/Aaa(sf) | 7.800 | 30.000% | 6.84 | +100 | 3.2470 | 3.0840 | 100.9986 |
A-4 | AAA(sf)/AAA(sf)/Aaa(sf) | 150.000 | 30.000% | 9.63 | +99 | 3.4980 | 3.3838 | 100.9959 |
A-5 | AAA(sf)/AAA(sf)/Aaa(sf) | 240.335 | 30.000% | 9.89 | +100 | 3.7670 | 3.4167 | 102.9947 |
A-SB | AAA(sf)/AAA(sf)/Aaa(sf) | 53.406 | 30.000% | 7.17 | +86 | 3.4610 | 2.9922 | 102.9986 |
A-S | AAA(sf)/AAA(sf)/Aa2(sf) | 51.432 | 24.375% | 9.92 | +135 | 4.1210 | 3.7694 | 102.9918 |
B | AA(low)(sf)/AA-(sf)/NR | 73.149 | 16.375% | 9.95 | +180 | 4.3940 | 4.2220 | 101.5888 |
C | A(low)(sf)/A-(sf)/NR | 36.575 | 12.375% | 10.00 | +260 | 4.3940 | 5.0267 | 95.3114 |
D | BBB(low)(sf)/BBB-(sf)/NR | 40.003 | 8.000% | 10.00 | +425 | 4.3940 | 6.6767 | 83.8272 |
COLLATERAL SUMMARY
CUT-OFF DATE BALANCE: | $914,361,541 |
NUMBER OF LOANS: | 63 |
NUMBER OF PROPERTIES: | 77 |
WA CUT-OFF LTV: | 66.4% |
WA BALLOON LTV: | 59.6% |
WA U/W NCF DSCR: | 1.68x |
WA U/W NOI DEBT YIELD: | 9.5% |
WA MORTGAGE RATE: | 4.279% |
TOP TEN LOANS %: | 48.2% |
WA REM TERM TO MATURITY (MOS): | 107 |
WA REM AMORTIZATION TERM (MOS): | 357 |
WA SEASONING (MOS): | 3 |
LOAN SELLERS: | NATIXIS(55.1%), WFB(32.1%), SPREF(12.8%) |
TOP 5 PROPERTY TYPES: | OFFICE (29.2%), HOSPITALITY (18.8%),RETAIL (17.3%), SELF STORAGE (11.2%), MIXED USE (9.1%) |
TOP 5 STATES: | CA(22.2%), NY(10.0%), VA(9.8%), WA(7.1%), PA(6.4%) |
MASTER SERVICER: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
SPECIAL SERVICER: | RIALTO CAPITAL ADVISORS, LLC |
SUBORDINATE CLASS REP: | RREF II CMBS AIV, LP, AN AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC |
TIMING: | |
ANTICIPATED PRICING: | PRICED |
ANTICIPATED SETTLEMENT: | JULY 14, 2015 |
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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