0001539497-18-000660.txt : 20180427 0001539497-18-000660.hdr.sgml : 20180427 20180427143926 ACCESSION NUMBER: 0001539497-18-000660 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180427 DATE AS OF CHANGE: 20180427 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2018-C44 CENTRAL INDEX KEY: 0001736659 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: 333-206677-24 FILM NUMBER: 18783037 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 n1223_pricegd-x9.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-206677-24

--- Original Sender: WELLS ABF SYNDICATE WELLS FARGO, WELLS FARGO SECURITIES LLC ---

WFCM 2018-C44 - PUBLIC NEW ISSUE

**PRICE GUIDANCE** $654.560 MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS

& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC

BARCLAYS CAPITAL INC.

CO-MANAGER: ACADEMY SECURITIES, INC.

OFFERED CERTIFICATES - PUBLIC

CLASS	DBRS/FITCH/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY	PX GUIDANCE
A-1	AAA(sf)/AAAsf/Aaa(sf)	20.962	30.000%	2.81	44.0%	14.8%	IS+20A
A-2	AAA(sf)/AAAsf/Aaa(sf)	27.202	30.000%	4.93	44.0%	14.8%	IS+40A
A-3	AAA(sf)/AAAsf/Aaa(sf)	6.828	30.000%	7.99	44.0%	14.8%	N/A
A-SB	AAA(sf)/AAAsf/Aaa(sf)	37.620	30.000%	7.40	44.0%	14.8%	IS+70A
A-4*	AAA(sf)/AAAsf/Aaa(sf)	167.200	30.000%	9.83	44.0%	14.8%	A5-2bps
A-5*	AAA(sf)/AAAsf/Aaa(sf)	276.870	30.000%	9.91	44.0%	14.8%	IS+85A
A-S	AAA(sf)/AAAsf/Aa2(sf)	43.126	24.375%	9.91	47.5%	13.7%	IS+110A
B	AA(sf)/AA-sf/NR	36.418	19.625%	9.91	50.5%	12.9%	IS+135A
C	A(sf)/A-sf/NR	38.334	14.625%	9.91	53.7%	12.1%	IS+185A

*Sizes and WAL’s are subject to change as detailed in the attached Term Sheet.

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS	DBRS/FITCH/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
X-D	BBB(high)(sf)/BBB-sf/NR	32.086	N/A	N/A	N/A	N/A
D	BBB(sf)/BBB-sf/NR	32.086	10.440%	9.91	56.3%	11.6%

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$766,689,123
NUMBER OF LOANS:	44
NUMBER OF PROPERTIES:	55
WA CUT-OFF LTV:	62.9%
WA BALLOON LTV:	57.5%
WA U/W NCF DSCR:	1.71x
WA U/W NOI DEBT YIELD:	10.4%
WA MORTGAGE RATE:	4.858%
TOP TEN LOANS %:	52.2%
WA REM TERM TO MATURITY (MOS):	117
WA REM AMORTIZATION TERM (MOS):	349
WA SEASONING (MOS):	1

LOAN SELLERS:	WFB(40.5%), BARCLAYS(25.7%), LCF(25.3%), AREF(8.6%)

TOP 3 PROPERTY TYPES:	OFFICE(34.5%), RETAIL(24.2%), HOSPITALITY(12.8%)

TOP 5 STATES:	CA(21.6%), VA(9.8%), MD(9.0%), NY(8.1%), NJ(7.5%)

MASTER SERVICER:	WELLS FARGO BANK, NATIONAL ASSOCIATION

SPECIAL SERVICER:	RIALTO CAPITAL ADVISORS, LLC

DIRECTING CERTIFICATEHOLDER:	RIALTO CAPITAL ADVISORS OF NEW YORK, LLC

DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PRESALE REPORTS:	TOMORROW
ANTICIPATED PRICING:	END OF WEEK OF APRIL 23, 2018
ANTICIPATED SETTLEMENT:	MAY 17, 2018

CONFERENCE CALLS:	UPON DEMAND

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

REVIEW CODE: WFCM2018C44

FINAL LINK: http://www.netroadshow.com/nrs/wp/default.html?show=4c99ae8f

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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