0001539497-18-000679.txt : 20180501 0001539497-18-000679.hdr.sgml : 20180501 20180501102637 ACCESSION NUMBER: 0001539497-18-000679 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180501 DATE AS OF CHANGE: 20180501 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: 18793683 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_email-x12.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

**IO 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($MM)	PROCEEDS($MM)	PRICE GUIDANCE
X-A	AAA(sf)/AAAsf/Aaa(sf)	536.682	~31.18	T+130A
X-B	A(high)(sf)/A-sf/NR	117.878	~2.05	AUCTION @ 12PM;
				SUGGESTED TALK: T+125A

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
ANTICIPATED PRICING:	TODAY
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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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 may 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 https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see:

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