FWP 1 n666_ioprc-x13.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-05
     

 

 

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

At: May 12 2016 10:20:00

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C34 - PUBLIC NEW ISSUE **IO PRICING DETAILS** $575.004 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($MM) ~PROCEEDS($MM) SPD CPN% YLD% $PRICE
X-A AAA(sf)/AAAsf/NR 527.090 75.789 T+275 2.3607 4.3440 14.38270
               
               
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 41.289 8.750% 9.89 60.1% 11.1%  
A-3FL AAA(sf)/AAAsf/Aaa(sf) 25.000 30.000% 9.64 46.1% 14.5%  

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $702,787,500
NUMBER OF LOANS: 68
NUMBER OF PROPERTIES: 92
WA CUT-OFF LTV: 65.9%
WA BALLOON LTV: 57.7%
WA U/W NCF DSCR: 1.48x
WA U/W NOI DEBT YIELD: 10.1%
WA MORTGAGE RATE: 5.052%
TOP TEN LOANS %: 50.2%
WA REM TERM TO MATURITY (MOS): 111
WA REM AMORTIZATION TERM (MOS):    352
WA SEASONING (MOS): 2
   
LOAN SELLERS: WFB(33.6%), NATIXIS(29.3%), RMF(18.2%), SPREF(14.7%), BASIS(4.2%)
   
TOP 3 PROPERTY TYPES: RETAIL (38.0%), HOSPITALITY (16.1%), OFFICE (14.0%)
   
TOP 5 STATES: CA(17.4%), PA(11.7%), TX(8.9%), MD(8.4%), NJ(7.8%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: LNR PARTNERS, LLC
   
DIRECTING CERTIFICATEHOLDER: PRIME FINANCE CMBS B-PIECE HOLDCO I, L.P.
   
DOCUMENTS & TIMING  
 TERM SHEET, ANNEX A-1: ATTACHED
 PRELIMINARY PROSPECTUS: ATTACHED
 PRESALE REPORTS: TUES 5/3 AND WED 5/4
 ANTICIPATED PRICING: PRICED
 ANTICIPATED SETTLEMENT: MAY 24, 2016
   
ROADSHOW  
 MINNEAPOLIS, BREAKFAST: TUES, 5/3 @ 7:30AM CT, THE GRAND HOTEL
 HARTFORD, BREAKFAST: TUES, 5/3 @ 8:30AM ET, MAX'S DOWNTOWN
 BOSTON: TUES, 5/3 @ 12:00PM ET, THE LANGHAM
 NEW YORK 1x1's: WED, 5/4
 CONFERENCE CALLS: UPON DEMAND

 

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

REVIEW CODE: 2016WFCMC34

FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=2ffEEC

 

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.