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Wells Fargo Commercial Mortgage Trust 2017-RC1

Filed: 27 Feb 17, 7:00pm

 

  FREE WRITING PROSPECTUS
  FILED PURSUANT TO RULE 433
  REGISTRATION FILE NO.: 333-206677-13

 

 

 

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

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

At: 02/28/17 16:24:10

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2017-RC1 - PUBLIC NEW ISSUE
**PRICING DETAILS** $525.510 MM FIXED-RATE CMBS OFFERING

 

LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES, LLC

CO-MANAGERS: ACADEMY SECURITIES, INC. AND CITIGROUP GLOBAL MARKETS INC.

 

 

OFFERED CERTIFICATES - PUBLIC

CLASSDBRS/FITCH/MDYS/S&PSIZE($MM)WALSPDYLD%CPN%$PX
A-1AAA(sf)/AAAsf/Aaa(sf)/AAA(sf)20.0992.69S+281.99082.01299.99830
A-2AAA(sf)/AAAsf/Aaa(sf)/AAA(sf)73.8754.81S+452.44253.118102.99730
A-3AAA(sf)/AAAsf/Aaa(sf)/AAA(sf)100.0009.64S+933.25013.364100.99190
A-4AAA(sf)/AAAsf/Aaa(sf)/AAA(sf)201.2099.85S+953.28113.631102.99180
A-SBAAA(sf)/AAAsf/Aaa(sf)/AAA(sf)27.0346.89S+802.96743.453102.99650
A-SAAA(sf)/AAAsf/NR/AAA(sf)46.7469.92S+1163.49443.844102.99210
BAA(sf)/AA-sf/NR/AA(sf)29.4049.92S+1353.68444.036102.99700
CA(sf)/A-sf/NR/A(sf)27.1439.99S+1904.23784.591102.99890

 

  

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASSDBRS/FITCH/MDYS/S&PSIZE($MM)C/EWALCUM LTVNOI DY
X-DAAA(sf)/BBB-sf/NR/BBB-(sf)30.912N/AN/AN/AN/A
DBBB(low)(sf)/BBB-sf/NR/BBB-(sf)30.9127.750%10.0053.6%14.9%

 

  

NON-OFFERED ELIGIBLE VERTICAL INTEREST

CLASSDBRS/FITCH/MDYS/S&PSIZE($MM)C/EWALCUM LTVNOI DY
RRNR/NR/NR/NR31.746N/AN/AN/AN/A

 

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE:$634,913,732
NUMBER OF LOANS:61
NUMBER OF PROPERTIES:78
WA CUT-OFF LTV:58.2%
WA BALLOON LTV:52.7%
WA U/W NCF DSCR:2.18x
WA U/W NOI DEBT YIELD:13.7%
WA MORTGAGE RATE:4.992%
TOP TEN LOANS %:50.8%
WA REM TERM TO MATURITY (MOS):111
WA REM AMORTIZATION TERM (MOS):359
WA SEASONING (MOS):2
  
LOAN SELLERS:RMF(30.8%), WFB(29.9%), AREF(27.1%), NCB(7.8%), CIIICM(4.5%)
  
TOP 3 PROPERTY TYPES:RETAIL(23.2%), MULTIFAMILY(19.6%), HOSPITALITY(15.1%)
  
TOP 5 STATES:CA(14.2%), TX(12.1%), NY(9.2%), VA(9.0%), FL(7.5%)
  
MASTER SERVICERS:WELLS FARGO BANK, N.A. AND NATIONAL COOPERATIVE BANK, N.A.
  
SPECIAL SERVICERS:LNR PARTNERS, LLC AND NATIONAL COOPERATIVE BANK, N.A.
  
DIRECTING CERTIFICATEHOLDER:ARGENTIC INVESTMENT MANAGEMENT, LLC
  
DOCUMENTS & TIMING 
TERM SHEET, ANNEX A-1:ATTACHED
PRELIMINARY PROSPECTUS:THURSDAY, FEBRUARY 23, 2017
ANTICIPATED SETTLEMENT:MARCH 14, 2017
  
ROADSHOW 
NEW YORK 1x1's:WED, 2/22
MINNEAPOLIS, BREAKFAST:WED, 2/22 @ 7:30AM CT, THE GRAND HOTEL
DES MOINES,LUNCH:WED, 2/22 @ 1:30PM CT, MARRIOTT
DOWNTOWN HARTFORD, BREAKFAST:THURS, 2/23 @ 8:30AM ET, MAX'S DOWNTOWN
BOSTON, LUNCH:THURS, 2/23 @ 12:00PM ET, RITZ-CARLTON
  
  
  
CONFERENCE CALLS: UPON DEMAND

 

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM REVIEW CODE: WFCM17RC1 FINAL LINK: www.netroadshow.com/nrs/wp/default.html?show=EbF0e9

 

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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