| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-206677-01 | ||
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)
At: Dec 8 2015 14:25:07
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-P2 - PUBLIC NEW ISSUE **IO LAUNCH** $860.6 MM FIXED-RATE CMBS OFFERING
CO-LEAD MANAGERS AND JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC, CITIGROUP GLOBAL MARKETS INC. AND SG AMERICAS SECURITIES, LLC
CO-MANAGER: DEUTSCHE BANK SECURITIES INC.
OFFERED CERTIFICATES - PUBLIC
| CLASS | FITCH/KBRA/MDYS | SIZE($MM) | ~PROCEEDS($MM) | LAUNCH |
| X-A | AAAsf/AAA(sf)/NR | 749.145 | 53.13 | T+230 |
| X-B | AA-sf/AAA(sf)/NR | 61.385 | 2.48 | T+275 |
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: | WEEK OF 12/7 |
| 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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