From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)
Subject: Fwd:NEW ISSUE CMBS: WFCM 2015-C27 PUBLIC *XA/XB PRICING DETAILS*
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-C27 - PUBLIC NEW ISSUE
**PRICING DETAILS** $927.327 MM FIXED-RATE CMBS OFFERING
LEAD MANAGER & SOLE BOOKRUNNER: WELLS FARGO SECURITIES
CO-MANAGER: BARCLAYS CAPITAL
OFFERED CERTIFICATES - PUBLIC
|
CLASS
|
DBRS/KBRA/MDY
|
SIZE($MM)
|
SPREAD
|
CPN
|
YLD
|
$PRICE
|
|
X-A
|
AAA(sf)/AAA(sf)/NR
|
813.376
|
T+160
|
1.1518
|
3.6416
|
7.3847
|
|
X-B
|
AAA(sf)/AAA(sf)/NR
|
158.484
|
T+210
|
0.5003
|
4.2061
|
3.3158
|
COLLATERAL SUMMARY
CUT-OFF DATE BALANCE: $1,047,828,035
NUMBER OF LOANS: 95
NUMBER OF PROPERTIES: 124
WA CUT-OFF LTV: 67.3%
WA BALLOON LTV: 57.8%
WA U/W NCF DSCR: 1.67x
WA U/W NOI DEBT YIELD: 10.5%
WA MORTGAGE RATE: 4.321%
TOP TEN LOANS %: 37.0%
WA TERM TO MATURITY (MOS): 118
WA AMORTIZATION TERM (MOS): 355
WA SEASONING (MOS): 0
LOAN SELLERS: WFB (37.0%), RMF (27.9%), PCC (14.6%),
LIG I (11.3%), C-III (8.1%), BASIS (1.2%)
TOP 5 PROPERTY TYPES: RETAIL (23.6%), HOSPITALITY (21.6%),
OFFICE (20.2%),SELF STORAGE (14.7%),
MULTIFAMILY (12.0%)
TOP 5 STATES: CA (16.6%), FL (13.0%), NC (9.0%),
OH (8.5%), NM (4.6%)
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER: RIALTO CAPITAL ADVISORS, LLC
SUBORDINATE CLASS REP: RIALTO CMBS V, LLC or another affiliate of
RIALTO CAPITAL ADVISORS, LLC
DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1, ATTACHED
PRELIMINARY FWP: ATTACHED
PRESALE REPORTS: WED, 2/25 - THURS, 2/26
ROADSHOW
NEW YORK 1x1's: WED, 2/25
HARTFORD, BREAKFAST: THURS, 2/26 @ 8:30AM ET, MAX'S DOWNTOWN
BOSTON, LUNCH: THURS, 2/26 @ 12:00PM ET, THE LANGHAM
MINNEAPOLIS, BREAKFAST: THURS, 2/26 @ 7:30AM CT, GRAND HOTEL MINNEAPOLIS
CONFERENCE CALLS: UPON DEMAND
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. 333-195164) 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
