FWP 1 n1004_x11.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-17
     

  

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

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

At:  08/10/17 08:33:17

 

WFCM 2017-C39 - PUBLIC NEW ISSUE

**LAUNCH** $996.894 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS & JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC
  BARCLAYS CAPITAL INC.
   
CO-MANAGERS: CITIGROUP GLOBAL MARKETS INC.
  NATIXIS SECURITIES AMERICAS LLC

 

OFFERED CERTIFICATES - PUBLIC

CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY LAUNCH
A-1 AAAsf/AAA(sf)/Aaa(sf) 27.816 30.000% 2.90 41.2% 16.0% +28
A-2 AAAsf/AAA(sf)/Aaa(sf) 80.706 30.000% 4.90 41.2% 16.0% +48
A-3 AAAsf/AAA(sf)/Aaa(sf) 4.389 30.000% 6.90 41.2% 16.0% +88
A-SB AAAsf/AAA(sf)/Aaa(sf) 44.790 30.000% 7.18 41.2% 16.0% +73
A-4 AAAsf/AAA(sf)/Aaa(sf) 305.000 30.000% 9.72 41.2% 16.0% +88
A-5 AAAsf/AAA(sf)/Aaa(sf) 330.283 30.000% 9.84 41.2% 16.0% +90
A-S AAAsf/AAA(sf)/Aa2(sf) 106.203 20.625% 9.90 46.7% 14.1% +118
B AA-sf/AA(sf)/NR 50.978 16.125% 9.93 49.3% 13.3% +150
C A-sf/A(sf)/NR 46.729 12.000% 9.98 51.7% 12.7% +202

 

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
D BBB+sf/A-(sf)/NR 19.732 10.258% 9.98 52.8% 12.5%

 

COLLATERAL SUMMARY  
   
INITIAL POOL BALANCE: $1,132,834,836
NUMBER OF LOANS: 64
NUMBER OF PROPERTIES: 149
WA CUT-OFF LTV: 58.8%
WA BALLOON LTV: 54.2%
WA U/W NCF DSCR: 2.15x
WA U/W NOI DEBT YIELD: 11.2%
WA MORTGAGE RATE: 4.372%
TOP TEN LOANS %: 45.2%
WA REM TERM TO MATURITY (MOS): 114
WA REM AMORTIZATION TERM (MOS): 353
WA SEASONING (MOS): 2
   
LOAN SELLERS: WFB(29.4%), BARCLAYS(26.6%), AREF(23.8%), NATIXIS(13.6%), BASIS(6.6%)
   
TOP 3 PROPERTY TYPES: OFFICE(36.2%), RETAIL(30.1%), HOSPITALITY(16.4%)
   
TOP 5 STATES: NY(21.6%), NJ(12.2%), IL(9.1%), MD(7.5%), CA(7.3%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: LNR PARTNERS, LLC
   
DIRECTING CERTIFICATEHOLDER: B-PIECE HOLDINGS CAYMAN LIMITED OR AN AFFILIATE
   
DOCUMENTS & TIMING  
 TERM SHEET, ANNEX A-1: ATTACHED
 ANTICIPATED PRICING: TODAY AT 10:30AM
 ANTICIPATED SETTLEMENT: AUGUST 22, 2017
   
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM
REVIEW CODE: C39WFCM2017
FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=B17fEb

 

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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