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.

 

 

 

 

 

 

 

 

 

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

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. This chat will be retained and may be monitored.

 

________________________________

 

This electronic communication is subject to a disclaimer, please click on the following link or cut and paste the link into the address bar of your browser.

 

https://www.wellsfargo.com/com/disclaimer/ged5