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.

 

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

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.