FWP 1 n597_x12.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-01
     

 

 

----- Original Message -----

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

At: Dec 8 2015 12:11:05

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-P2 - PUBLIC NEW ISSUE

**PRICED** $860.6 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS AND JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC, CITIGROUP GLOBAL MARKETS INC. AND SG AMERICAS SECURITIES, LLC

 

CO-MANAGER: DEUTSCHE BANK SECURITIES INC.

 

 

OFFERED CERTIFICATES - PUBLIC

CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL SPD YLD CPN $PRICE
A-1 AAAsf/AAA(sf)/Aaa(sf) 28.655 30.000% 2.90 68 1.9496 1.9690 99.9998
A-2A AAAsf/AAA(sf)/Aaa(sf) 70.000 30.000% 4.86 85 2.4489 3.1170 102.9976
A-2B AAAsf/AAA(sf)/Aaa(sf) 82.513 30.000% 4.98 85 2.4653 WAC  
A-3 AAAsf/AAA(sf)/Aaa(sf) 209.000 30.000% 9.76 134 3.4286 3.5410 100.9953
A-4 AAAsf/AAA(sf)/Aaa(sf) 253.790 30.000% 9.91 136 3.4587 3.8090 102.9968
A-SB AAAsf/AAA(sf)/Aaa(sf) 57.582 30.000% 7.45 130 3.2020 3.6560 102.9935
A-S AAAsf/AAA(sf)/Aa1(sf) 47.605 25.250% 9.98 156 3.6635 4.0130 102.9960
B AA-sf/AA-(sf)/A1(sf) 61.385 19.125% 9.98 180 3.9035 4.2550 102.9990
C A-sf/A-(sf)/NR 50.110 14.125% 9.98 290 5.0035 4.8978 98.4549

 

 

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
X-D BBB-sf/BBB-(sf)/NR 56.373 N/A N/A N/A N/A
D BBB-sf/BBB-(sf)/NR 56.373 8.500% 9.98 57.5% 11.2%

 

 

COLLATERAL SUMMARY

   
INITIAL POOL BALANCE: $1,002,201,025
NUMBER OF LOANS: 71
NUMBER OF PROPERTIES: 115
WA CUT-OFF LTV: 62.8%
WA BALLOON LTV: 56.8%
WA U/W NCF DSCR: 1.64x
WA U/W NOI DEBT YIELD: 10.2%
WA MORTGAGE RATE: 4.763%
TOP TEN LOANS OR GROUPS OF CROSS COLLAT. LOANS %: 50.4%
WA REM TERM TO MATURITY (MOS): 110
WA REM AMORTIZATION TERM (MOS): 359
WA SEASONING (MOS): 1

 

LOAN SELLERS: PCC(25.4%), LCF(24.3%), CGMRC(20.8%), WFB(16.7%), SG(12.7%)
   
TOP 3 PROPERTY TYPES: RETAIL (25.7%), MULTIFAMILY (19.1%), HOSPITALITY (17.0%)
   
TOP 5 STATES: CA(14.9%), VA(8.8%), SD(7.5%), NY(7.1%), FL(6.9%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: C-III ASSET MANAGEMENT LLC
   
SUBORDINATE CLASS REP: RAITH CAPITAL PARTNERS, LLC OR AN AFFILIATE

 

DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
PRELIMINARY PROSPECTUS: THURS 12/3
PRESALE REPORTS: WED 12/2 AND THURS 12/3
ANTICIPATED PRICING: PRICED
ANTICIPATED SETTLEMENT: DECEMBER 23, 2015
   
ROADSHOW  
MINNEAPOLIS, BREAKFAST: WED, 12/2 @ 7:30AM CT, THE GRAND HOTEL
HARTFORD, BREAKFAST: WED, 12/2 @ 8:30AM ET, MAX'S DOWNTOWN
BOSTON: WED, 12/2 @ 12:00PM ET, BOSTON HARBOR HOTEL
NEW YORK 1x1's: THURS, 12/3
CONFERENCE CALLS: UPON DEMAND

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: WFCM2015P2 FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=E64eF5

 

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. 333-206677) 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.