FWP 1 n537_fwp-x8.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-195164-13
     

 

From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)

At: Sep 14 2015 10:04:14

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-LC22 - PUBLIC NEW ISSUE

**ANNOUNCEMENT** $887.8 MM FIXED-RATE CMBS OFFERING

 

LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC

 

CO-MANAGERS: DEUTSCHE BANK SECURITIES INC. AND MORGAN STANLEY & CO. LLC

 

OFFERED CERTIFICATES - PUBLIC

CLASS FITCH/MDY/MSTAR SIZE($MM) C/E WAL CUM LTV GUIDANCE
A-1 AAAsf/Aaa(sf)/AAA 46.185 30.000% 2.66 43.2% 53-55
A-2 AAAsf/Aaa(sf)/AAA 23.443 30.000% 4.78 43.2% 73-75
A-3 AAAsf/Aaa(sf)/AAA 220.000 30.000% 9.78 43.2%  
A-4 AAAsf/Aaa(sf)/AAA 302.267 30.000% 9.87 43.2% 122-125
A-SB AAAsf/Aaa(sf)/AAA 82.712 30.000% 7.34 43.2% 110A
A-S AAAsf/Aa1(sf)/AAA 69.870 22.750% 9.96 47.7% 155-160
B AA-sf/NR/AA- 56.619 16.875% 9.96 51.3% 200A
C A-sf/NR/A- 42.162 12.500% 9.96 54.0% 290A
D BBB-sf/NR/BBB 44.573   7.875% 9.96 56.9% 450-460

 

 

COLLATERAL SUMMARY

 

CUT-OFF DATE BALANCE: $963,724,520
NUMBER OF LOANS: 100
NUMBER OF PROPERTIES: 106
WA CUT-OFF LTV: 61.7%
WA BALLOON LTV: 53.7%
WA U/W NCF DSCR: 2.07x
WA U/W NOI DEBT YIELD: 13.4%
WA MORTGAGE RATE: 4.555%
TOP TEN LOANS %: 45.1%
WA REM TERM TO MATURITY (MOS):   118
WA REM AMORTIZATION TERM (MOS): 345
WA SEASONING (MOS): 1
   
LOAN SELLERS: LCF(43.0%), RMF(32.8%), WFB(19.6%), NCB(4.6%)
   
TOP 3 PROPERTY TYPES: MULTIFAMILY(29.2%), OFFICE(22.4%), RETAIL(21.2%)
   
TOP 5 STATES: NY(17.5%), NJ(12.5%), MI(10.7%), CA(10.7%), FL(7.4%)
   
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
   
SPECIAL SERVICERS: RIALTO CAPITAL ADVISORS, LLC AND NATIONAL COOPERATIVE BANK, N.A.
   
SUBORDINATE CLASS REP: RIALTO CMBS VI,LLC or another affiliate of Rialto Capital Advisors, LLC
 

 

DOCUMENTS & TIMING  
 TERM SHEET, ANNEX A-1: ATTACHED
 PRELIMINARY FWP: ATTACHED
 PRESALE REPORTS: TODAY
 ANTICIPATED PRICING: WEEK OF 9/14
 ANTICIPATED SETTLEMENT: SEPTEMBER 29, 2015
   
ROADSHOW  
 HARTFORD, BREAKFAST: WED, 9/9 @ 8:30AM ET, MAX'S DOWNTOWN
 BOSTON, LUNCH: WED, 9/9 @ 12:00PM ET, THE LANGHAM
 MINNEAPOLIS, BREAKFAST: THUR, 9/10 @ 7:30AM CT, THE GRAND HOTEL
 NEW YORK 1x1's: THUR, 9/10
 CONFERENCE CALLS: UPON DEMAND

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: WFCMLC22 (not case-sensitive) FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=500dCE

 

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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https://www.wellsfargo.com/com/disclaimer/wfsjb4.