0001539497-17-001372.txt : 20170810 0001539497-17-001372.hdr.sgml : 20170810 20170810132445 ACCESSION NUMBER: 0001539497-17-001372 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170810 DATE AS OF CHANGE: 20170810 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2017-C39 CENTRAL INDEX KEY: 0001710798 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-206677-17 FILM NUMBER: 171020762 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 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 n1004_pbprice-x12.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 10:54:27

WFCM 2017-C39 - PUBLIC NEW ISSUE

**PRICING DETAILS** $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	SPD	YLD%	CPN%	$PRICE
A-1	AAAsf/AAA(sf)/Aaa(sf)	27.816	30.000%	2.90	+28	1.9560	1.975	99.99850
A-2	AAAsf/AAA(sf)/Aaa(sf)	80.706	30.000%	4.90	+48	2.3280	2.990	102.99750
A-3	AAAsf/AAA(sf)/Aaa(sf)	4.389	30.000%	6.90	+88	2.8782	2.878	99.99380
A-SB	AAAsf/AAA(sf)/Aaa(sf)	44.790	30.000%	7.18	+73	2.7469	3.212	102.99750
A-4	AAAsf/AAA(sf)/Aaa(sf)	305.000	30.000%	9.72	+88	3.0428	3.157	100.99910
A-5	AAAsf/AAA(sf)/Aaa(sf)	330.283	30.000%	9.84	+90	3.0692	3.418	102.99500
A-S	AAAsf/AAA(sf)/Aa2(sf)	106.203	20.625%	9.90	+118	3.3521	3.702	102.99840
B	AA-sf/AA(sf)/NR	50.978	16.125%	9.93	+150	3.6735	4.025	102.99790
C	A-sf/A(sf)/NR	46.729	12.000%	9.98	+202	4.1965	4.118	99.49520


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 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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