| 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 19 2016 12:22:11
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-NXS5 - PUBLIC NEW ISSUE **IO PRICING DETAILS** $781.053 MM FIXED-RATE CMBS OFFERING
LEAD MANAGER AND SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC
CO-MANAGERS: CITIGROUP GLOBAL MARKETS INC. AND NATIXIS SECURITIES AMERICAS LLC
OFFERED CERTIFICATES - PUBLIC
| CLASS | FITCH/MDYS/MSTAR | SIZE($MM) | ~PROCEEDS | SPD | CPN | YLD | $PRICE |
| X-A | AAAsf/NR/AAA | 662.910 | ~67MM | T+325 | 1.5814 | 4.8366 | 10.0791 |
| X-B | AA-sf/NR/AAA | 52.508 | ~130K | T+325 | 0.0330 | 4.9695 | 0.2527 |
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 |
| DIRECTING CERTIFICATE RREF III Debt AIV, LP OR ANOTHER AFFILIATE OF RIALTO HOLDER: | 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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