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Page Background wellsfargo.com/realestate 1 MBACommercialRealEstate/MultifamilyFinanceFirmsAnnualOriginationVolumes,yearendingDecember31,2014. WellsFargoSecurities isthetradename forthecapitalmarketsand investmentbankingservicesofWellsFargo& Companyand itssubsidiaries, includingbutnot limitedtoWellsFargoSecurities,LLC,amemberofNYSE,FINRA,NFA andSIPC,WellsFargoPrimeServices,LLC,amemberofFINRA,NFAandSIPC,andWellsFargoBank,N.A.WellsFargo Securities,LLCandWellsFargoPrimeServices,LLCaredistinctentities fromaffiliatedbanksandthrifts. ©2015WellsFargoBank,N.A.Allrightsreserved.WCS-1353704 Capital markets leadership Using the breadth of our platform to deliver exceptional access to capital and focusing on maintaining strong relationships have made us the largest commercial real estate lender in the U.S. 1 Your success is our success. CMBS loans • Balance sheet loans • Capital markets distribution Warehouse lending • Commercial mortgage servicing • Trust services HutchinsonMetro Center New York, NY $100,000,000 CMBS loan

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INFORMATION IS ONLY AS GOOD AS THE PERSPECTIVE THAT COMES FROM IT. You’re looking for more than information—you want insight and transparency. And a perspective that can help you make more informed decisions. At Standard & Poor’s Ratings Services, that’s exactly what we strive to deliver. Visit SPRatings.com/CMBS to learn more about our analytical work and ratings methodology, as well as upcoming events, and more. The analyses, including ratings, of Standard & Poor’s and its affiliates are opinions and not statements of fact or recommendations to purchase, hold, or sell securities. They do not address the suitability of any security, and should not be relied on in making any investment decision. Standard & Poor’s does not act as a fiduciary or an investment advisor except where registered as such. Copyright © 2013 by Standard & Poor’s Financial Services LLC. All rights reserved. STANDARD & POOR’S and S&P are registered trademarks of Standard & Poor’s Financial Services LLC www.SPRatings.com Have you gotten your daily requirement of CMBS analysis? www.trepp.com

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