FWP 1 n805_x11.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-12
     

 

From:  WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI) At: 12/09/16 13:03:28

Subject:  Fwd:NEW ISSUE CMBS: WFCM 2016-C37 *PUBLIC LAUNCH* WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C37 - PUBLIC NEW ISSUE

**LAUNCH** $656.693 MM FIXED-RATE CMBS OFFERING

 

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

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

 

OFFERED CERTIFICATES - PUBLIC

CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY LAUNCH
A-1 AAA(sf)/AAAsf/Aaa(sf) 35.482 30.000% 2.62 43.6% 16.7% +43
A-2 AAA(sf)/AAAsf/Aaa(sf) 105.724 30.000% 4.81 43.6% 16.7% +56
A-3 AAA(sf)/AAAsf/Aaa(sf) 28.449 30.000% 6.90 43.6% 16.7% +111
A-4 AAA(sf)/AAAsf/Aaa(sf) 120.000 30.000% 9.69 43.6% 16.7% +110
A-5 AAA(sf)/AAAsf/Aaa(sf) 188.138 30.000% 9.90 43.6% 16.7% +112
A-SB AAA(sf)/AAAsf/Aaa(sf) 47.561 30.000% 7.28 43.6% 16.7% +101
A-S AAA(sf)/AAAsf/Aa1(sf) 58.165 22.250% 9.94 48.4% 15.0% +140
B AA(low)(sf)/AA-sf/NR 38.463 17.125% 9.98 51.6% 14.1% +170
C A(low)(sf)/A-sf/NR 34.711 12.500% 9.98 54.5% 13.4% +265

 

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
D BBB(high)(sf)/BBB-sf/NR 37.525 7.500% 9.98 57.6% 12.6%

 

COLLATERAL SUMMARY  
   
INITIAL POOL BALANCE: $750,506,780
NUMBER OF LOANS: 63
NUMBER OF PROPERTIES: 141
WA CUT-OFF LTV: 62.3%
WA BALLOON LTV: 54.2%
WA U/W NCF DSCR: 2.04x
WA U/W NOI DEBT YIELD: 11.7%
WA MORTGAGE RATE: 4.514%
TOP TEN LOANS %: 45.7%
WA REM TERM TO MATURITY (MOS): 109
WA REM AMORTIZATION TERM (MOS): 348
WA SEASONING (MOS): 1
   
LOAN SELLERS: BARCLAYS(41.1%), LCF(19.6%), WFB(15.5%), SPREF(12.5%), RMF(6.9%), CIIICM(4.4%)
   
TOP 3 PROPERTY TYPES: RETAIL (29.5%), MULTIFAMILY (19.4%), HOSPITALITY (19.3%)
   
TOP 5 STATES: VA(13.1%), NC(10.3%), CA(9.9%), TX(8.6%), HI(7.0%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: LNR PARTNERS, LLC
   
DIRECTING CERTIFICATEHOLDER: PRIME FINANCE CMBS B-PIECE HOLDCO VI, L.P.
   
DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
PRELIMINARY PROSPECTUS: ATTACHED
PRESALE REPORTS: AVAILABLE
ANTICIPATED PRICING: TODAY
ANTICIPATED SETTLEMENT: DECEMBER 22, 2016
   
ROADSHOW  
HARTFORD, BREAKFAST: TUES, 12/6 @ 8:30AM ET, MAX'S DOWNTOWN
BOSTON, LUNCH: TUES, 12/6 @ 12:00PM ET, THE LANGHAM
MINNEAPOLIS, BREAKFAST: WED, 12/7 @ 7:30AM CT, THE GRAND HOTEL
DES MOINES,LUNCH: WED, 12/7 @ 1:30PM CT,
MARRIOTT DOWNTOWN NEW YORK 1x1's: WED, 12/7
   
CONFERENCE CALLS: UPON DEMAND
   
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM<http://WWW.NETROADSHOW.COM>
REVIEW CODE: WFCM2016C37
FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=07B3f5<http://www.netroadshow.com/nrs/wp/default.html?show=07B3f5>
   

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<http://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<mailto: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.