0001539497-18-000969.txt : 20180625 0001539497-18-000969.hdr.sgml : 20180625 20180625153716 ACCESSION NUMBER: 0001539497-18-000969 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180625 DATE AS OF CHANGE: 20180625 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2018-C45 CENTRAL INDEX KEY: 0001741690 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: 333-206677-25 FILM NUMBER: 18916962 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 n1277_email-x9.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-25
     

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

 

 

WFCM 2018-C45 - PUBLIC NEW ISSUE

**PRICE GUIDANCE** $571.479 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 PXG
A-1 AAA(sf)/AAAsf/Aaa(sf) 14.405 30.000% 2.87 42.8% 14.8% IS+28A
A-2 AAA(sf)/AAAsf/Aaa(sf) 5.559 30.000% 4.66 42.8% 14.8% IS+55   
A-SB AAA(sf)/AAAsf/Aaa(sf) 37.388 30.000% 7.20 42.8% 14.8% IS+77A
A-3* AAA(sf)/AAAsf/Aaa(sf) 180.000   30.000% 9.76 42.8% 14.8% IS+88A
A-4* AAA(sf)/AAAsf/Aaa(sf) 223.783   30.000% 9.88 42.8% 14.8% IS+90A
A-S AAA(sf)/AAAsf/Aa2(sf) 46.114 23.000% 9.91 47.1% 13.4%   IS+105A
B AA(high)(sf)/AA-sf/NR 32.115 18.125% 9.91 50.1% 12.6%   IS+130A
C A(sf)/A-sf/NR 32.115 13.250% 9.91 53.1% 11.9% IS+185 
               
*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  
D BBB(high)(sf)/BBB-sf/NR 21.174 10.036% 9.91 55.0% 11.5%  

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $658,765,419
NUMBER OF LOANS: 49
NUMBER OF PROPERTIES: 89
WA CUT-OFF LTV: 61.2%
WA BALLOON LTV: 55.8%
WA U/W NCF DSCR: 1.66x
WA U/W NOI DEBT YIELD: 10.3%
WA MORTGAGE RATE: 4.899%
TOP TEN LOANS %: 54.6%
WA REM TERM TO MATURITY (MOS): 118
WA REM AMORTIZATION TERM (MOS): 358
WA SEASONING (MOS): 2
   
LOAN SELLERS:

WFB(41.2%), BARCLAYS(26.2%), RMF(17.3%),

CIII(15.3%)

   
TOP 3 PROPERTY TYPES: RETAIL(34.0%), OFFICE(21.4%),
  SELF STORAGE(15.4%)
   
TOP 5 STATES: CA(26.8%), TX(11.1%), VA(11.0%),
  OH(6.6%), PA(6.5%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: LNR PARTNERS, LLC
   
DIRECTING CERTIFICATEHOLDER:

PRIME FINANCE LONG DURATION (B-PIECE)

II HOLDCO I, L.P.

   
DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
ANTICIPATED PRICING: WEEK OF JUNE 25, 2018
ANTICIPATED SETTLEMENT: JULY 17, 2018
   
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. 333-206677) 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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