FWP 1 n630_x12.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-03
     

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

At: Feb 18 2016 11:47:25

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-NXS5 - PUBLIC NEW ISSUE **PRICING DETAILS** $731.053 MM FIXED-RATE CMBS OFFERING

 

LEAD MANAGER AND SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC

CO-MANAGERS: CITIGROUP GLOBAL MARKETS INC. AND NATIXIS SECURITIES AMERICAS LLC

 

 

OFFERED CERTIFICATES - PUBLIC

CLASS FITCH/MDYS/MSTAR SIZE($MM) C/E WAL SPD CPN YLD $PRICE
A-1 AAAsf/Aaa(sf)/AAA 33.080 30.000% 2.51 +68   1.559 1.5392   99.99990
A-2 AAAsf/Aaa(sf)/AAA 121.907   30.000% 4.63 +90   2.711 2.0174 102.99820
A-3 AAAsf/Aaa(sf)/AAA 35.827 30.000% 6.97 +167 3.538 3.0577 102.99690
A-4 AAAsf/Aaa(sf)/AAA 65.000 30.000% 9.77 +163 3.370 3.2571 100.99690
A-5 AAAsf/Aaa(sf)/AAA 85.000 30.000% 9.81 +163 3.372 3.2599 100.99340
A-6 AAAsf/Aaa(sf)/AAA 164.769   30.000% 9.89 +165 3.635 3.2856 102.99520
A-SB AAAsf/Aaa(sf)/AAA 57.007 30.000% 7.37 +150 3.382 2.9257 102.99920
A-S AAAsf/Aa2(sf)/AAA 50.320 24.250% 9.89 +200 3.988 3.6356 102.99730
B AA-sf/NR/AA- 52.508 18.250% 9.89 +310 4.850 4.7356 101.99720
C A-sf/NR/A- 39.381 13.750% 9.89 +500 4.883 6.6359   88.55670
D BBBsf/NR/BBB 26.254 10.750% 9.97 +700 4.883 8.6417   76.38590
                 
                 
NON-OFFERED CERTIFICATES - PRIVATE
CLASS FITCH/MDYS/MSTAR SIZE($MM) C/E WAL CUM LTV NOI DY    
A-6FL AAAsf/Aaa(sf)/AAA 50.000 30.000% 9.89 45.0% 15.0%    
E BBB-sf/NR/BBB- 20.784   8.375% 9.97 58.9% 11.5%    
                 

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $875,129,836
NUMBER OF LOANS: 64
NUMBER OF PROPERTIES: 116
WA CUT-OFF LTV: 64.3%
WA BALLOON LTV: 56.9%
WA U/W NCF DSCR: 1.65x
WA U/W NOI DEBT YIELD: 10.5%
WA MORTGAGE RATE: 4.898%
TOP TEN LOANS %: 48.1%
WA REM TERM TO MATURITY (MOS): 109
WA REM AMORTIZATION TERM (MOS): 344
WA SEASONING (MOS): 1
   

LOAN SELLERS: WFB(48.9%), NATIXIS(33.3%), SPREF(17.8%)

 

TOP 3 PROPERTY TYPES: OFFICE (29.2%), RETAIL (26.7%), HOSPITALITY (15.9%)

 

TOP 5 STATES: IL(17.2%), NY(15.5%), CA(10.8%), TX(7.6%), MA(6.6%)

 

MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION

 

SPECIAL SERVICER: RIALTO CAPITAL ADVISORS, LLC

 

SUBORDINATE CLASS REP: RIALTO CMBS VIII, LLC OR ANOTHER AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC

 

DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
PRELIMINARY PROSPECTUS: ATTACHED
PRESALE REPORTS: TUES 2/9
ANTICIPATED PRICING: PRICED
ANTICIPATED SETTLEMENT: FEBRUARY 26, 2016
   
ROADSHOW  
MINNEAPOLIS, BREAKFAST: TUES, 2/9 @ 7:30AM CT, THE GRAND HOTEL
NEW YORK 1x1's: TUES, 2/9
HARTFORD, BREAKFAST: WED, 2/10 @ 8:30AM ET, MAX'S DOWNTOWN
BOSTON: WED, 2/10 @ 12:00PM ET, THE LANGHAM
CONFERENCE CALLS: UPON DEMAND

 

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

REVIEW CODE: WFCMNXS5

FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=bdb93c

 

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.