FWP 1 n584_x8.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-195164-16
     

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

At: Nov 18 2015 12:25:39

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-NXS4 - PUBLIC NEW ISSUE **PRICE GUIDANCE** $690.2 MM FIXED-RATE CMBS OFFERING

 

LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC

CO-MANAGERS: DEUTSCHE BANK SECURITIES INC. AND NATIXIS SECURITIES AMERICAS LLC

 

 

OFFERED CERTIFICATES - PUBLIC

CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY GUID
A-1 AAAsf/AAA(sf)/Aaa(sf) 23.517 30.000% 2.66 44.7% 15.4% 70A
A-2A AAAsf/AAA(sf)/Aaa(sf) 66.792 30.000% 4.77 44.7% 15.4% Preplaced
A-2B AAAsf/AAA(sf)/Aaa(sf) 66.792 30.000% 4.92 44.7% 15.4% Preplaced
A-3 AAAsf/AAA(sf)/Aaa(sf) 100.000   30.000% 9.73 44.7% 15.4% 128A
A-4 AAAsf/AAA(sf)/Aaa(sf) 238.283   30.000% 9.85 44.7% 15.4% 130A
A-SB AAAsf/AAA(sf)/Aaa(sf) 46.743 30.000% 7.35 44.7% 15.4% 118A
A-S AAAsf/AAA(sf)/Aa2(sf) 40.659 24.750% 9.93 48.1% 14.3% 155A
B AA-sf/AA-(sf)/A2(sf) 44.532 19.000% 9.93 51.8% 13.3% 180-185
C A-sf/A-(sf)/NR 37.756 14.125% 9.93 54.9% 12.5% 275A
D BBBsf/BBB(sf)/NR 25.170 10.875% 9.93 56.9% 12.1% 410A
               
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY  
E BBB-sf/BBB-(sf)/NR 19.362 8.375% 9.93 58.5% 11.7%  

 

COLLATERAL SUMMARY

 

CUT-OFF DATE BALANCE: $774,467,699
NUMBER OF LOANS: 62
NUMBER OF PROPERTIES: 73
WA CUT-OFF LTV: 63.9%
WA BALLOON LTV: 57.4%
WA U/W NCF DSCR: 1.77x
WA U/W NOI DEBT YIELD: 10.8%
WA MORTGAGE RATE: 4.616%
TOP TEN LOANS %: 49.3%
WA REM TERM TO MATURITY (MOS): 108
WA REM AMORTIZATION TERM (MOS): 353
WA SEASONING (MOS): 2
   
LOAN SELLERS: WFB(45.4%), NATIXIS(38.9%), SPREF(15.7%)
   
TOP 3 PROPERTY TYPES: RETAIL(30.4%), OFFICE(24.4%), HOSPITALITY(18.9%)
   
TOP 5 STATES: CA(15.8%), NY(12.4%), TX(10.4%), AZ(8.3%), NJ(8.2%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: RIALTO CAPITAL ADVISORS, LLC
   
SUBORDINATE CLASS REP: RREF III DEBT AIV, LP OR ANOTHER AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC
   
DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
PRELIMINARY FWP: ATTACHED
PRESALE REPORTS: THURS, 11/12
ANTICIPATED PRICING: WEEK OF 11/16
ANTICIPATED SETTLEMENT: DECEMBER 9, 2015
   
ROADSHOW  
HARTFORD, BREAKFAST: THURS, 11/12@ 8:30AM ET, MAX'S DOWNTOWN
BOSTON, LUNCH: THURS, 11/12 @ 12:00PM ET, LANGHAM HOTEL
MINNEAPOLIS, BREAKFAST: THURS, 11/12 @ 7:30AM CT, THE GRAND HOTEL
NEW YORK 1x1's: FRI, 11/13
CONFERENCE CALLS: UPON DEMAND

 

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM

FINAL LINK:www.netroadshow.com/nrs/wp/default.html?show=F56dA6

REVIEW CODE:NXS4WF2105

 

 

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.