0001539497-17-001560.txt : 20170913 0001539497-17-001560.hdr.sgml : 20170913 20170913143105 ACCESSION NUMBER: 0001539497-17-001560 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170913 DATE AS OF CHANGE: 20170913 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK 2017-BNK7 CENTRAL INDEX KEY: 0001714679 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: 333-206677-18 FILM NUMBER: 171082938 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 n1034_fwp-x8.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-206677-18

BANK 2017-BNK7 - PUBLIC NEW ISSUE

**ANNOUNCEMENT** $1,040.694 MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS

& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC

BOFA MERRILL LYNCH

MORGAN STANLEY & CO. LLC

CO-MANAGER: ACADEMY SECURITIES, INC.

OFFERED CERTIFICATES - PUBLIC

CLASS	DBRS/FITCH/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
A-1	AAA(sf)/AAAsf/Aaa(sf)	32.602	30.000%	2.64	36.4%	19.7%
A-2	AAA(sf)/AAAsf/Aaa(sf)	35.234	30.000%	4.71	36.4%	19.7%
A-3	AAA(sf)/AAAsf/Aaa(sf)	44.439	30.000%	7.13	36.4%	19.7%
A-SB	AAA(sf)/AAAsf/Aaa(sf)	50.058	30.000%	7.17	36.4%	19.7%
A-4	AAA(sf)/AAAsf/Aaa(sf)	310.000	30.000%	9.76	36.4%	19.7%
A-5	AAA(sf)/AAAsf/Aaa(sf)	334.853	30.000%	9.89	36.4%	19.7%
X-A	AAA(sf)/AAAsf/Aaa(sf)	807.186	N/A	N/A	N/A	N/A
X-B	A(high)(sf)/A-sf/NR	233.508	N/A	N/A	N/A	N/A
A-S	AAA(sf)/AAAsf/Aa2(sf)	144.141	17.500%	9.96	43.0%	16.7%
B	AA(sf)/AA-sf/NR	50.449	13.125%	9.96	45.2%	15.8%
C	A(sf)/A-sf/NR	38.918	9.750%	9.96	47.0%	15.2%


NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS	DBRS/FITCH/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
X-D	BBB(sf)/BBB-sf/NR	43.242	N/A	N/A	N/A	N/A
D	BBB(low)(sf)/BBB-sf/NR	43.242	6.000%	9.96	48.9%	14.6%


NON-OFFERED ELIGIBLE VERTICAL INTEREST
CLASS	DBRS/FITCH/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
RR	NR/NR/NR	60.690	N/A	9.29	N/A	N/A

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$1,213,814,926
NUMBER OF LOANS:	65
NUMBER OF PROPERTIES:	83
WA CUT-OFF LTV:	52.1%
WA BALLOON LTV:	47.5%
WA U/W NCF DSCR:	2.93x
WA U/W NOI DEBT YIELD:	13.8%
WA MORTGAGE RATE:	4.081%
TOP TEN LOANS %:	57.9%
WA REM TERM TO MATURITY (MOS):	116
WA REM AMORTIZATION TERM (MOS):	361
WA SEASONING (MOS):	1

LOAN SELLERS:	WFB(34.7%), MSMCH(32.9%), BANA(26.9%), NCB(5.4%)

TOP 3 PROPERTY TYPES:	OFFICE(22.5%), MULTIFAMILY(22.2%), RETAIL(22.0%)

TOP 5 STATES:	CA(25.4%), NY(17.9%), IL(7.1%), KS(5.8%), WA(5.6%)

MASTER SERVICERS:	WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.

SPECIAL SERVICERS:	RIALTO CAPITAL ADVISORS, LLC AND NATIONAL COOPERATIVE BANK, N.A.

DIRECTING CERTIFICATEHOLDER:	RIALTO CAPITAL ADVISORS, LLC

DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PRESALE REPORTS:	TODAY & TOMORROW
ANTICIPATED PRICING:	WEEK OF SEPTEMBER 18, 2017
ANTICIPATED SETTLEMENT:	SEPTEMBER 28, 2017

ROADSHOW
HARTFORD, BREAKFAST:	WED, 9/13 @ 8:30AM ET, GOODWIN HOTEL
BOSTON, LUNCH:	WED, 9/13 @ 12:00PM ET, THE LANGHAM
DES MOINES,BREAKFAST:	THURS, 9/14 @ 7:30AM CT, MARRIOTT DOWNTOWN
MINNEAPOLIS, LUNCH:	THURS, 9/14 @ 1:00PM CT, THE GRAND HOTEL

CONFERENCE CALLS:	UPON DEMAND

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

REVIEW CODE: WFCM-BNK7

FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=5fCE8E

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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