FWP 1 n648_x9.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-04
     

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

At: Mar 18 2016 10:22:41

 

The ratings on the Class X-A certificates are being updated to add in the rating provided by Moody’s of Aa1. The ratings on the Class X-A certificates are AAA(sf)/AAAsf/Aa1(sf) by DBRS, Fitch and Moody’s, respectively.

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C33 - PUBLIC NEW ISSUE $622.301 MM FIXED-RATE CMBS OFFERING

 

LEAD MANAGER AND SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC

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

 

 

OFFERED CERTIFICATES - PUBLIC

CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL LAUNCH  
A-1 AAA(sf)/AAAsf/Aaa(sf) 30.449 30.000% 2.67 +75  
A-2 AAA(sf)/AAAsf/Aaa(sf) 84.502 30.000% 4.81 +86  
A-3 AAA(sf)/AAAsf/Aaa(sf) 150.000   30.000% 9.71    
A-4 AAA(sf)/AAAsf/Aaa(sf) 191.116   30.000% 9.87 +138  
A-SB AAA(sf)/AAAsf/Aaa(sf) 42.486 30.000% 7.25 +122  
A-S AAA(sf)/AAAsf/Aa2(sf) 53.416 22.500% 9.88 +170  
B AA(low)(sf)/AA-sf/NR 38.282 17.125% 9.92 +245  
C A(low)(sf)/A-sf/NR 32.050 12.625% 9.96 +400  
             
             
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
D BBB(low)(sf)/BBB-sf/NR 35.611 7.625% 9.96 54.5% 15.1%
X-D BBB(low)(sf)/BBB-sf/NR 35.611 N/A N/A N/A N/A
             

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $712,219,087
NUMBER OF LOANS: 79
NUMBER OF PROPERTIES: 104
WA CUT-OFF LTV: 59.0%
WA BALLOON LTV: 52.1%
WA U/W NCF DSCR: 2.18x
WA U/W NOI DEBT YIELD: 14.0%
WA MORTGAGE RATE: 5.023%
TOP TEN LOANS %: 45.5%
WA REM TERM TO MATURITY (MOS): 112
WA REM AMORTIZATION TERM (MOS): 353
WA SEASONING (MOS): 1

 

LOAN SELLERS: WFB(27.9%), LCF(26.5%), RMF(21.2%), C-III(10.8%), NATIXIS(8.1%), NCB(5.5%)

 

TOP 3 PROPERTY TYPES: OFFICE (32.4%), RETAIL (18.6%), MULTIFAMILY (16.1%)

 

TOP 5 STATES: NY(15.5%), TX(12.5%), NJ(10.7%), MI(9.9%), FL(7.7%)

 

MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.

 

SPECIAL SERVICERS: RIALTO CAPITAL ADVISORS, LLC AND NATIONAL COOPERATIVE BANK, N.A.

 

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

 

DOCUMENTS & TIMING  
 TERM SHEET, ANNEX A-1: ATTACHED
 PRELIMINARY PROSPECTUS: ATTACHED
 PRESALE REPORTS: TUES 3/15 AND WED 3/16
 ANTICIPATED PRICING: TODAY
 ANTICIPATED SETTLEMENT: MARCH 31, 2016
   
ROADSHOW  
 MINNEAPOLIS, BREAKFAST: TUES, 3/15 @ 7:30AM CT, THE GRAND HOTEL
 HARTFORD, BREAKFAST: TUES, 3/15 @ 8:30AM ET, MAX'S DOWNTOWN
 BOSTON: TUES, 3/15 @ 12:00PM ET, THE LANGHAM
 NEW YORK 1x1's: WED, 3/16
 CONFERENCE CALLS: UPON DEMAND

 

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

REVIEW CODE: WFCMC33

FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=d436e1

 

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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https://www.wellsfargo.com/com/disclaimer/wfsjb4.