FWP 1 n711_pubprice-x11.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-07
     

 

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

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)

At: 08/04/16 11:40:20

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1 - PUBLIC NEW ISSUE **PRICING DETAILS** $729.853 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS & JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED AND MORGAN STANLEY & CO. LLC

CO-MANAGERS: ACADEMY SECURITIES INC. AND DREXEL HAMILTON, LLC

 

 

OFFERED CERTIFICATES - PUBLIC
CLASS FITCH/KBRA/MDYS/S&P SIZE($MM) WAL SPD CPN YLD $PRICE
A-1 AAAsf/AAA(sf)/Aaa(sf)/AAA(sf) 36.136 2.87 +36 1.321 1.3062 99.9999
A-2 AAAsf/AAA(sf)/Aaa(sf)/AAA(sf) 230.000 9.73 +92 2.399 2.2847 100.9981
A-3 AAAsf/AAA(sf)/Aaa(sf)/AAA(sf) 267.018 9.89 +94 2.652 2.3123 102.9970
A-SB AAAsf/AAA(sf)/Aaa(sf)/AAA(sf) 45.766 7.09 +84 2.514 2.0530 102.9968
A-S AAAsf/AAA(sf)/Aa2(sf)/AAA(sf) 67.197 9.92 +110 2.814 2.4737 102.9945
B AA-sf/AA-(sf)/NR/AA-(sf) 44.452 9.99 +125 2.967 2.6271 102.9961
C A-sf/A-(sf)/NR/A-(sf) 39.284 9.99 +170 3.071 3.0771 99.9961
               
               
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS FITCH/KBRA/MDYS/S&P SIZE($MM) C/E WAL CUM LTV NOI DY  
X-D BBB-sf/BBB-(sf)/NR/NR 39.284 N/A N/A N/A N/A  
D BBB-sf/BBB-(sf)/NR/NR 39.284 7.000% 9.99 51.7% 13.2%  
               
               
NON-OFFERED ELIGIBLE VERTICAL INTEREST
CLASS FITCH/KBRA/MDYS/S&P SIZE($MM) C/E WAL CUM LTV NOI DY  
RRI NR/NR/NR/NR 43.528 N/A N/A N/A N/A  

 

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $870,557,680
NUMBER OF LOANS: 40
NUMBER OF PROPERTIES: 46
WA CUT-OFF LTV: 55.6%
WA BALLOON LTV: 48.9%
WA U/W NCF DSCR: 2.35x
WA U/W NOI DEBT YIELD: 12.2%
WA MORTGAGE RATE: 4.289%
TOP TEN LOANS %: 58.7%
WA REM TERM TO MATURITY (MOS): 119
WA REM AMORTIZATION TERM (MOS): 344
WA SEASONING (MOS): 1
   
LOAN SELLERS: WFB (34.8%); BANA (30.9%); MSMCH (25.2%); WFB/BANA (9.2%)
   
TOP 3 PROPERTY TYPES: OFFICE (31.6%), RETAIL (26.2%), HOSPITALITY (15.2%)
   
TOP 5 STATES: CA(18.2%), MA(11.4%), TX(10.7%), NV(9.9%), NY(8.7%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: RIALTO CAPITAL ADVISORS, LLC
   
DIRECTING CERTIFICATEHOLDER: RREF III DEBT AIV, LP OR ANOTHER AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC
   
RISK RETENTION CONSULTATION PARTY:     WELLS FARGO BANK, NATIONAL ASSOCIATION
   
DOCUMENTS & TIMING  
 TERM SHEET, ANNEX A-1: ATTACHED
 PRELIMINARY PROSPECTUS: ATTACHED
 PRESALE REPORTS: 8/1 & 8/2
 ANTICIPATED SETTLEMENT: AUGUST 18, 2016
   
ROADSHOW  
 HARTFORD, BREAKFAST: MON, 8/1 @ 8:30AM ET, MAX'S DOWNTOWN
 BOSTON: MON, 8/1 @ 12:00PM ET, THE LANGHAM
 NEW YORK 1x1's: TUES, 8/2
 MINNEAPOLIS, BREAKFAST: TUES, 8/2 @ 7:30AM CT, THE GRAND HOTEL
 DES MOINES: TUES, 8/2 @ 1:30PM CT, MARRIOTT DOWNTOWN
 CONFERENCE CALLS: UPON DEMAND

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: BNK1 FINAL LINK: http://www.netroadshow.com/nrs/wp/default.html?show=1fBfaa

 

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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