0001539497-16-003512.txt : 20160914 0001539497-16-003512.hdr.sgml : 20160914 20160914165430 ACCESSION NUMBER: 0001539497-16-003512 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160914 DATE AS OF CHANGE: 20160914 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2016-LC24 CENTRAL INDEX KEY: 0001682860 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-206677-08 FILM NUMBER: 161885543 BUSINESS ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO COMMERCIAL MORTGAGE SECURITIES INC CENTRAL INDEX KEY: 0000850779 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 561643598 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FORMER COMPANY: FORMER CONFORMED NAME: WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 20020304 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19960520 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19951013 FWP 1 n725_x10.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-206677-08

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

At: 09/14/16 14:33:30

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-LC24 - PUBLIC NEW ISSUE **PRICING DETAILS** $918.608 MM FIXED-RATE CMBS OFFERING

LEAD MANAGERS & SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC

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

OFFERED CERTIFICATES - PUBLIC

CLASS	FITCH/KBRA/MDYS	SIZE($MM)	C/E	WAL	SPD	CPN	YLD	$PRICE
A-1	AAAsf/AAA(sf)/Aaa(sf)	41.394	30.000%	2.22	+40	1.4410	1.4202	99.9983
A-2	AAAsf/AAA(sf)/Aaa(sf)	55.655	30.000%	4.50	+62	2.5010	1.7916	102.9972
A-3	AAAsf/AAA(sf)/Aaa(sf)	275.000	30.000%	9.65	+106	2.6840	2.5684	100.9998
A-4	AAAsf/AAA(sf)/Aaa(sf)	290.568	30.000%	9.84	+108	2.9420	2.5980	102.9927
A-SB	AAAsf/AAA(sf)/Aaa(sf)	69.133	30.000%	7.08	+100	2.8250	2.3580	102.9999
A-S	AAAsf/AAA(sf)/Aa2(sf)	94.083	21.000%	9.89	+150	3.3670	3.0203	102.9926
B	AA-sf/AA-(sf)/NR	48.347	16.375%	9.96	+175	3.6210	3.2741	102.9957
C	A-sf/A-(sf)/NR	44.428	12.125%	9.96	+285	4.4647	4.3740	101.2210

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS	FITCH/KBRA/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
X-D	BBB-sf/BBB-(sf)/NR	49.655	N/A	N/A	N/A	N/A
D	BBB-sf/BBB-(sf)/NR	49.655	7.375%	9.96	57.8%	12.7%

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$1,045,358,264
NUMBER OF LOANS:	91
NUMBER OF PROPERTIES:	128
WA CUT-OFF LTV:	62.4%
WA BALLOON LTV:	54.3%
WA U/W NCF DSCR:	2.00x
WA U/W NOI DEBT YIELD:	11.8%
WA MORTGAGE RATE:	4.486%
TOP TEN LOANS %:	38.0%
WA REM TERM TO MATURITY (MOS):	116
WA REM AMORTIZATION TERM (MOS):	358
WA SEASONING (MOS):	2

LOAN SELLERS:	LCF(39.7%), WFB(34.6%), RMF(19.2%), NCB(6.6%)

TOP 3 PROPERTY TYPES:	OFFICE (24.3%), RETAIL (23.6%), MULTIFAMILY (18.8%)

TOP 5 STATES:	NY(15.6%), TX(14.7%), VA(10.2%), CA(8.7%), GA(6.5%)

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

SPECIAL SERVICERS:	MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.

DIRECTING CERTIFICATEHOLDER:	PRIME FINANCE CMBS B-PIECE HOLDCO IV, L.P.

DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PRELIMINARY PROSPECTUS:	ATTACHED
ANTICIPATED PRICING:	PRICED
ANTICIPATED SETTLEMENT:	SEPTEMBER 29, 2016

ROADSHOW
MINNEAPOLIS, BREAKFAST:	WED, 9/7 @ 7:30AM CT, THE GRAND HOTEL
HARTFORD:	WED, 9/7 @ 8:30AM ET, MAX'S DOWNTOWN
BOSTON:	WED, 9/7 @ 12:00PM ET, THE LANGHAM
DES MOINES:	WED, 9/7 @ 1:30PM CT, THE DES LUX HOTEL
NEW YORK 1x1's:	THURS, 9/8

CONFERENCE CALLS:	UPON DEMAND

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

REVIEW CODE: WFCM2016LC24

FINAL LINK: http://www.netroadshow.com/nrs/wp/default.html?show=3a7b04

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.