FWP 1 n805_x16-fwp.htm FREE WRITING PROSPECTUS

 

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

 

 

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

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)

At: 12/12/16 16:09:02

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C37 - PUBLIC NEW ISSUE **IO PRICING DETAILS** $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) SPD CPN YLD $PRICE
X-A AAA(sf)/AAAsf/Aaa(sf) 525.354 T+190 1.0474% 4.2010% 6.33390

 

 

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
X-D AAA(sf)/BBB-sf/NR 37.525 N/A N/A N/A N/A
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

 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
REVIEW CODE: WFCM2016C37
FINAL LINK: 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. 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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