FWP 1 n899_x15.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:  04/06/17 12:16:00

 

BANK 2017-BNK4 - PUBLIC NEW ISSUE

**IO PRICING DETAILS** $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) SPD YLD% CPN% $PRICE
X-A AAAsf/AAA(sf)/Aaa(sf) 670.445 T+130 3.5525 1.4628 10.3806
X-B A-sf/AAA(sf)/NR 155.639 T+117 3.5081 0.8184 7.2241
             
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
 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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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.