FWP 1 n1331_x11-publiclaunch.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-27
     

 

----- Original Message -----

 

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)

 

At: 08/10/18 14:56:41

 

WFCM 2018-C46 - PUBLIC NEW ISSUE

 

**LAUNCH** $603.865 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 FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY LAUNCH
A-1 AAAsf/AAA(sf)/Aaa(sf) 14.029 30.000% 2.60 41.7% 15.9% IS+30
A-2 AAAsf/AAA(sf)/Aaa(sf) 147.143 30.000% 4.82 41.7% 15.9% IS+50
A-SB AAAsf/AAA(sf)/Aaa(sf) 24.040 30.000% 7.40 41.7% 15.9% IS+73
A-3 AAAsf/AAA(sf)/Aaa(sf) 115.000 30.000% 9.74 41.7% 15.9% IS+85
A-4 AAAsf/AAA(sf)/Aaa(sf) 184.264 30.000% 9.88 41.7% 15.9% IS+87
A-S AAAsf/AAA(sf)/Aa2(sf) 56.234 21.875% 9.96 46.5% 14.3% IS+110
B AA-sf/AA-(sf)/NR 31.145 17.375% 9.96 49.2% 13.5% IS+135
C A-sf/A-(sf)/NR 32.010 12.750% 9.96 51.9% 12.8% IS+200

 

 

NON-OFFERED CERTIFICATES - PRIVATE (144A)

 

CLASS FITCH/KBRA/MDYS  SIZE($MM) C/E WAL CUM LTV NOI DY
D  BBBsf/BBB(sf)/NR  20.840 9.739%  9.96  53.7%  12.4%

 

 

COLLATERAL SUMMARY  
   
   
INITIAL POOL BALANCE: $692,109,550
NUMBER OF LOANS: 49
NUMBER OF PROPERTIES: 55
WA CUT-OFF LTV: 59.5%
WA BALLOON LTV: 55.8%
WA U/W NCF DSCR: 1.80x
WA U/W NOI DEBT YIELD: 11.2%
WA MORTGAGE RATE: 5.000%
TOP TEN LOANS %: 46.7%
WA REM TERM TO MATURITY (MOS): 106
WA REM AMORTIZATION TERM (MOS):      358
WA SEASONING (MOS): 1

 

 

LOAN SELLERS: WFB(36.6%), BARCLAYS(21.4%), BSP(17.8%), AREF(17.6%), RMF(6.7%)
   
TOP 3 PROPERTY TYPES:      RETAIL(36.9%), OFFICE(24.9%), MULTIFAMILY(14.1%)
   
TOP 5 STATES: CA(13.6%), NC(12.3%), FL(10.0%), NY(9.9%), VA(8.3%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: LNR PARTNERS, LLC
   
DIRECTING CERTIFICATEHOLDER: ARGENTIC SECURITIES INCOME USA LLC

 

 

DOCUMENTS & TIMING  
   
TERM SHEET, ANNEX A-1:   ATTACHED
   
ANTICIPATED PRICING: TODAY
   
ANTICIPATED SETTLEMENT:      AUGUST 28, 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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