FWP 1 n692_x11.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-06
     

 

----- Original Message -----

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

At: Jul 14 2016 15:36:24

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C35 - PUBLIC NEW ISSUE

**LAUNCH** $833.512 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS & JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC, BARCLAYS CAPITAL INC. AND UBS SECURITIES LLC

CO-MANAGERS: ACADEMY SECURITIES, INC. AND SG AMERICAS SECURITIES, LLC

 

 

OFFERED CERTIFICATES - PUBLIC

CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL LAUNCH
A-1 AAAsf/AAA(sf)/Aaa(sf) 47.834 30.000% 2.54 +43
A-2 AAAsf/AAA(sf)/Aaa(sf) 58.672 30.000% 4.81 +72
A-3 AAAsf/AAA(sf)/Aaa(sf) 265.000 30.000% 9.76 +113
A-4 AAAsf/AAA(sf)/Aaa(sf) 227.377 30.000% 9.88 +115
A-SB  AAAsf/AAA(sf)/Aaa(sf) 67.132 30.000% 7.12 +105
A-S AAAsf/AAA(sf)/Aa2(sf) 69.045 23.250% 9.90 +140
B AA-sf/AA-(sf)/NR 49.865 18.375% 9.96 +165
C A-sf/A-(sf)/NR 48.587 13.625% 9.96 +275

 

 

NON-OFFERED CERTIFICATES - PRIVATE (144A) 

CLASS  FITCH/KBRA/MDYS SIZE($MM) C/E  WAL  CUM LTV NOI DY
A-4FL  AAAsf/AAA(sf)/Aaa(sf)  50.000 30.000% 9.88 42.7% 17.9%
D BBB-sf/BBB-(sf)/NR  56.258  8.125% 9.96 56.1% 13.6%

 

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $1,022,879,610
NUMBER OF LOANS: 102
NUMBER OF PROPERTIES: 140
WA CUT-OFF LTV: 61.0%
WA BALLOON LTV: 52.9%
WA U/W NCF DSCR: 2.02x
WA U/W NOI DEBT YIELD: 12.5%
WA MORTGAGE RATE: 4.765%
TOP TEN LOANS %: 40.4%
WA REM TERM TO MATURITY (MOS): 116
WA REM AMORTIZATION TERM (MOS): 350
WA SEASONING (MOS): 1
   
LOAN SELLERS: RMF(35.3%), BARCLAYS(22.1%), WFB(15.7%), UBSRES(13.2%), CIIICM(5.7%), NCB(5.6%), BASIS(2.4%)
   
TOP 3 PROPERTY TYPES: RETAIL (33.7%), HOSPITALITY (19.9%), MULTIFAMILY (11.8%)
   
TOP 5 STATES: CA(13.6%), GA(7.6%), IN(6.8%), TX(6.6%), NH(6.6%)
   
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
   
SPECIAL SERVICERS: CWCAPITAL ASSET MANAGEMENT LLC AND NATIONAL COOPERATIVE BANK, N.A.
   
DIRECTING CERTIFICATEHOLDER: BIG REAL ESTATE FUND I, L.P.

 

 

DOCUMENTS & TIMING

TERM SHEET, ANNEX A-1: ATTACHED

PRELIMINARY PROSPECTUS: ATTACHED

ANTICIPATED PRICING: TOMORROW

ANTICIPATED SETTLEMENT: JULY 28, 2016

 

ROADSHOW

NEW YORK 1x1's: TUES, 7/12

DES MOINES: TUES, 7/12 @ 12:00PM CT, DES LUX HOTEL

MINNEAPOLIS, BREAKFAST: WED, 7/13 @ 7:30AM CT, THE GRAND HOTEL

HARTFORD, BREAKFAST: WED, 7/13 @ 8:30AM ET, MAX'S DOWNTOWN

BOSTON: WED, 7/13 @ 12:00PM ET, THE LANGHAM

CONFERENCE CALLS: UPON DEMAND

 

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

REVIEW CODE: PooL87

FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=d0bDda

 

 

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.

 

 

-------------------------------------------------------------------------------

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.