FWP 1 n754_x12.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-10
     

 

--- Original Sender: WELLS ABF SYNDICATE WELLS FARGO, WELLS FARGO SECURITI ---

 

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

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

At:  10/21/16 16:09:17

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C36 - PUBLIC NEW ISSUE **PRICING DETAILS** $757.342 MM FIXED-RATE CMBS OFFERING

 

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

CO-MANAGERS: ACADEMY SECURITIES, INC. AND CITIGROUP GLOBAL MARKETS INC.

 

 

OFFERED CERTIFICATES - PUBLIC

CLASS FITCH/MDYS/MSTAR SIZE($MM) C/E WAL SPD YLD% CPN% $PRICE
A-1 AAAsf/Aaa(sf)/AAA 41.947 30.000% 2.44 +34 1.4338 1.4530 99.99950
A-2 AAAsf/Aaa(sf)/AAA 39.657 30.000% 4.79 +58 1.8348 2.5040 102.99920
A-3 AAAsf/Aaa(sf)/AAA 220.000 30.000% 9.70 +113 2.6921 2.8070 100.99960
A-4 AAAsf/Aaa(sf)/AAA 250.203 30.000% 9.91 +115 2.7216 3.0650 102.99690
A-S B AAAsf/Aaa(sf)/AAA 48.917 30.000% 7.05 +105 2.4633 2.9330 102.99920
A-S AAAsf/Aa3(sf)/AAA 77.236 21.000% 9.95 +150 3.0732 3.4190 102.99790
B AA-sf/NR/AA 42.909 16.000% 9.95 +175 3.3232 3.6710 102.99650
C A-sf/NR/A 36.473 11.750% 9.95 +285 4.4232 4.1924 98.61650

 

             
NON-OFFERED CERTIFICATES - PRIVATE (144A)        
CLASS FITCH/MDYS/MSTAR SIZE($MM) C/E WAL CUM LTV NOI DY
X-D BBB-sf/NR/AAA 41.836 N/A N/A N/A N/A
D BBB-sf/NR/BBB 41.836 6.875% 9.95 54.8% 13.2%

 

COLLATERAL SUMMARY  
   
INITIAL POOL BALANCE: $858,177,959
NUMBER OF LOANS: 73
NUMBER OF PROPERTIES: 98
WA CUT-OFF LTV: 58.9%
WA BALLOON LTV: 50.9%
WA U/W NCF DSCR: 2.30x
WA U/W NOI DEBT YIELD: 12.3%
WA MORTGAGE RATE: 4.218%
TOP TEN LOANS %: 50.8%
WA REM TERM TO MATURITY (MOS): 116
WA REM AMORTIZATION TERM (MOS): 355
WA SEASONING (MOS): 2
   
LOAN SELLERS: BARCLAYS(31.0%), WFB(28.2%), CIIICM(12.0%), RMF(11.4%), NCB(8.4%), BANCORP(5.4%), BASIS(3.6%)
   
TOP 3 PROPERTY TYPES: RETAIL (30.6%), OFFICE (23.8%), HOSPITALITY (15.4%)
   
TOP 5 STATES: NY(13.0%), IL(10.9%), OH(10.4%), VA(10.4%), CA(9.9%)
   
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
   
SPECIAL SERVICERS: C-III ASSET MANAGEMENT LLC AND NATIONAL COOPERATIVE BANK, N.A.
   
DIRECTING CERTIFICATEHOLDER: C-III INVESTMENT MANAGEMENT LLC OR AN AFFILIATE
   
DOCUMENTS & TIMING  
 TERM SHEET, ANNEX A-1: ATTACHED
 PRELIMINARY PROSPECTUS: ATTACHED
 ANTICIPATED SETTLEMENT: NOVEMBER 3, 2016
   
ROADSHOW  
 BOSTON, BREEAKFAST: TUES, 10/18 @ 8:30AM ET, THE LANGHAM
 MINNEAPOLIS, BREAKFAST: TUES, 10/18 @ 7:30AM CT, THE GRAND HOTEL
 HARTFORD, LUNCH: TUES, 10/18 @ 12:30PM ET, MAX'S DOWNTOWN
 DES MOINES,LUNCH: TUES, 10/18 @ 1:30PM CT, DES LUX HOTEL
 NEW YORK 1x1's: WED, 10/19
   
 CONFERENCE CALLS: UPON DEMAND
   
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM
REVIEW CODE: WFCMC36
FINAL LINK: http://www.netroadshow.com/nrs/wp/default.html?show=ABB635

 

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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