FWP 1 n711_x14.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: 08/05/16 13:35:10

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1 - PUBLIC NEW ISSUE **IO 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) ~PROCEEDS SPD CPN YLD $PX
X-A AAAsf/AAA(sf)/Aaa(sf)/AAA(sf) 578.920 $79.5MM +190 1.9545 3.403 13.6810
X-B A-sf/AAA(sf)/NR/A-(sf) 150.933 $17.2MM +180 1.4860 3.349 11.4108
               
               
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  

 

 

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.

 

 

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

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. This chat will be retained and may be monitored.