FWP 1 n899_fwp-x9.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-15
     

 

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

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

At: 03/29/17 08:13:43

 

BANK 2017-BNK4 - PUBLIC NEW ISSUE

**ANNOUNCEMENT** $826.084 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS

& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES

BofA MERRILL LYNCH

MORGAN STANLEY

 

CO-MANAGER: ACADEMY SECURITIES, INC.

 

 

OFFERED CERTIFICATES - PUBLIC
CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
A-1 AAAsf/AAA(sf)/Aaa(sf) 33.805 30.000% 2.68 41.4% 16.1%
A-2 AAAsf/AAA(sf)/Aaa(sf) 88.384 30.000% 4.82 41.4% 16.1%
A-3 AAAsf/AAA(sf)/Aaa(sf) 235.000 30.000% 9.74 41.4% 16.1%
A-4 AAAsf/AAA(sf)/Aaa(sf) 268.432 30.000% 9.85 41.4% 16.1%
A-SB AAAsf/AAA(sf)/Aaa(sf) 44.824 30.000% 7.24 41.4% 16.1%
A-S AAAsf/AAA(sf)/Aa3(sf) 67.045 23.000% 9.91 45.5% 14.7%
X-A AAAsf/AAA(sf)/Aaa(sf) 670.445 N/A N/A N/A N/A
X-B A-sf/AAA(sf)/NR 155.639 N/A N/A N/A N/A
B AA-sf/AA-(sf)/NR 43.100 18.500% 9.91 48.1% 13.9%
C A-sf/A-(sf)/NR 45.494 13.750% 9.91 51.0% 13.1%
             
             
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
X-D BBB-sf/BBB-(sf)/NR 56.270 N/A N/A N/A N/A
D BBB-sf/BBB-(sf)/NR 56.270 7.875% 9.92 54.4% 12.3%
             
             
NON-OFFERED ELIGIBLE VERTICAL INTEREST
CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
RR NR/NR/NR 50.409 N/A N/A N/A N/A

 

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $1,008,188,843
NUMBER OF LOANS: 48
NUMBER OF PROPERTIES: 64
WA CUT-OFF LTV: 59.1%
WA BALLOON LTV: 53.8%
WA U/W NCF DSCR: 1.83x
WA U/W NOI DEBT YIELD: 11.3%
WA MORTGAGE RATE: 4.848%
TOP TEN LOANS %: 52.5%
WA REM TERM TO MATURITY (MOS): 113
WA REM AMORTIZATION TERM (MOS):     335
WA SEASONING (MOS): 2
   
LOAN SELLERS: BANA(42.4%), MSMCH(29.4%), WFB(28.2%)
   
TOP 3 PROPERTY TYPES: OFFICE(35.9%), RETAIL(21.8%), HOSPITALITY(19.6%)
   
TOP 5 STATES: CA(24.3%), VA(10.3%), OH(8.3%), AL(7.5%), DC(6.9%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: RIALTO CAPITAL ADVISORS, LLC
   
DIRECTING CERTIFICATEHOLDER: RIALTO CAPITAL ADVISORS, LLC
   
DOCUMENTS & TIMING  
  TERM SHEET, ANNEX A-1: ATTACHED
  PRESALE REPORTS: TODAY & TOMORROW
  ANTICIPATED PRICING: WEEK OF APRIL 3, 2017
  ANTICIPATED SETTLEMENT: APRIL 19, 2017
   
ROADSHOW  
  NEW YORK 1x1's: TODAY, 3/29
  DES MOINES,BREAKFAST: THURS, 3/30 @ 7:30AM CT, MARRIOTT DOWNTOWN
  MINNEAPOLIS, LUNCH: THURS, 3/30 @ 1:00PM CT, KIMPTON GRAND HOTEL
  HARTFORD, BREAKFAST: THURS, 3/30 @ 8:30AM ET, MAX'S DOWNTOWN
  BOSTON, LUNCH: THURS, 3/30 @ 12:00PM ET, RITZ-CARLTON
   
   
CONFERENCE CALLS: UPON DEMAND

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM

REVIEW CODE: 2017BNK4

FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=8f8a02

  

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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