0001539497-17-000285.txt : 20170228 0001539497-17-000285.hdr.sgml : 20170228 20170228170809 ACCESSION NUMBER: 0001539497-17-000285 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170228 DATE AS OF CHANGE: 20170228 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2017-RC1 CENTRAL INDEX KEY: 0001695924 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-206677-13 FILM NUMBER: 17649031 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: Wells Fargo Commercial Mortgage Trust 2017-C38 DATE OF NAME CHANGE: 20170125 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 n858_x14-fwp.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-206677-13

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

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

At: 02/28/17 16:24:10

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2017-RC1 - PUBLIC NEW ISSUE
**PRICING DETAILS** $525.510 MM FIXED-RATE CMBS OFFERING

LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC

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

OFFERED CERTIFICATES - PUBLIC

CLASS	DBRS/FITCH/MDYS/S&P	SIZE($MM)	WAL	SPD	YLD%	CPN%	$PX
A-1	AAA(sf)/AAAsf/Aaa(sf)/AAA(sf)	20.099	2.69	S+28	1.9908	2.012	99.99830
A-2	AAA(sf)/AAAsf/Aaa(sf)/AAA(sf)	73.875	4.81	S+45	2.4425	3.118	102.99730
A-3	AAA(sf)/AAAsf/Aaa(sf)/AAA(sf)	100.000	9.64	S+93	3.2501	3.364	100.99190
A-4	AAA(sf)/AAAsf/Aaa(sf)/AAA(sf)	201.209	9.85	S+95	3.2811	3.631	102.99180
A-SB	AAA(sf)/AAAsf/Aaa(sf)/AAA(sf)	27.034	6.89	S+80	2.9674	3.453	102.99650
A-S	AAA(sf)/AAAsf/NR/AAA(sf)	46.746	9.92	S+116	3.4944	3.844	102.99210
B	AA(sf)/AA-sf/NR/AA(sf)	29.404	9.92	S+135	3.6844	4.036	102.99700
C	A(sf)/A-sf/NR/A(sf)	27.143	9.99	S+190	4.2378	4.591	102.99890

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS	DBRS/FITCH/MDYS/S&P	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
X-D	AAA(sf)/BBB-sf/NR/BBB-(sf)	30.912	N/A	N/A	N/A	N/A
D	BBB(low)(sf)/BBB-sf/NR/BBB-(sf)	30.912	7.750%	10.00	53.6%	14.9%

NON-OFFERED ELIGIBLE VERTICAL INTEREST

CLASS	DBRS/FITCH/MDYS/S&P	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
RR	NR/NR/NR/NR	31.746	N/A	N/A	N/A	N/A

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$634,913,732
NUMBER OF LOANS:	61
NUMBER OF PROPERTIES:	78
WA CUT-OFF LTV:	58.2%
WA BALLOON LTV:	52.7%
WA U/W NCF DSCR:	2.18x
WA U/W NOI DEBT YIELD:	13.7%
WA MORTGAGE RATE:	4.992%
TOP TEN LOANS %:	50.8%
WA REM TERM TO MATURITY (MOS):	111
WA REM AMORTIZATION TERM (MOS):	359
WA SEASONING (MOS):	2

LOAN SELLERS:	RMF(30.8%), WFB(29.9%), AREF(27.1%), NCB(7.8%), CIIICM(4.5%)

TOP 3 PROPERTY TYPES:	RETAIL(23.2%), MULTIFAMILY(19.6%), HOSPITALITY(15.1%)

TOP 5 STATES:	CA(14.2%), TX(12.1%), NY(9.2%), VA(9.0%), FL(7.5%)

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

SPECIAL SERVICERS:	LNR PARTNERS, LLC AND NATIONAL COOPERATIVE BANK, N.A.

DIRECTING CERTIFICATEHOLDER:	ARGENTIC INVESTMENT MANAGEMENT, LLC

DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PRELIMINARY PROSPECTUS:	THURSDAY, FEBRUARY 23, 2017
ANTICIPATED SETTLEMENT:	MARCH 14, 2017

ROADSHOW
NEW YORK 1x1's:	WED, 2/22
MINNEAPOLIS, BREAKFAST:	WED, 2/22 @ 7:30AM CT, THE GRAND HOTEL
DES MOINES,LUNCH:	WED, 2/22 @ 1:30PM CT, MARRIOTT
DOWNTOWN HARTFORD, BREAKFAST:	THURS, 2/23 @ 8:30AM ET, MAX'S DOWNTOWN
BOSTON, LUNCH:	THURS, 2/23 @ 12:00PM ET, RITZ-CARLTON



CONFERENCE CALLS:	UPON DEMAND

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: WFCM17RC1 FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=EbF0e9

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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