FWP 1 n1501_email-x9.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226486-04
     

 

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 02/21/19 14:02:27
To: Timothy Green (WELLS FARGO SECURITI )
Subject: NEW ISSUE CMBS:  WFCM 2019-C49 *PUBLIC LAUNCH*

WFCM 2019-C49 - PUBLIC NEW ISSUE
**LAUNCH** $667.772 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS
& JOINT BOOKRUNNERS:
WELLS FARGO SECURITIES, LLC
  BARCLAYS CAPITAL INC.
   
CO-MANAGER: ACADEMY SECURITIES, INC.
  DREXEL HAMILTON, LLC

 

OFFERED CERTIFICATES - PUBLIC

CLASS DBRS/FITCH/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY LAUNCH
A-1 AAA(sf)/AAAsf/Aaa(sf) 18.904 30.000% 2.80 44.0% 15.6% +35
A-2 AAA(sf)/AAAsf/Aaa(sf) 20.083 30.000% 4.89 44.0% 15.6% +62
A-3 AAA(sf)/AAAsf/Aaa(sf) 47.500 30.000% 6.86 44.0% 15.6% +98
A-SB AAA(sf)/AAAsf/Aaa(sf) 31.974 30.000% 7.36 44.0% 15.6% +85
A-4* AAA(sf)/AAAsf/Aaa(sf) 200.000 30.000% 9.81 44.0% 15.6% +96
A-5* AAA(sf)/AAAsf/Aaa(sf) 223.499 30.000% 9.89 44.0% 15.6% +98
A-S AAA(sf)/AAAsf/Aa2(sf) 46.453 24.000% 9.94 47.7% 14.4% +120
B AA(sf)/AA-sf/NR 40.647 18.750% 9.94 51.0% 13.5% +150
C A(sf)/A-sf/NR 38.712 13.750% 9.94 54.2% 12.7% +220

 

*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 A(low)(sf)/BBB-sf/NR 26.014 N/A N/A N/A N/A
D BBB(high)(sf)/BBB-sf/NR 26.014 10.390% 9.94 56.3% 12.2%

 

COLLATERAL SUMMARY

INITIAL POOL BALANCE: $774,228,768
NUMBER OF LOANS: 64
NUMBER OF PROPERTIES: 71
WA CUT-OFF LTV: 62.8%
WA BALLOON LTV: 58.3%
WA U/W NCF DSCR: 1.76x
WA U/W NOI DEBT YIELD: 10.9%
WA MORTGAGE RATE: 5.158%
TOP TEN LOANS %: 46.0%
WA REM TERM TO MATURITY (MOS): 115
WA REM AMORTIZATION TERM (MOS): 353
WA SEASONING (MOS): 2
LOAN SELLERS: WFB(37.6%), LCF(21.9%), RMF(19.4%), BARCLAYS(15.5%), CIII(5.6%)
TOP 3 PROPERTY TYPES: RETAIL(29.8%), HOSPITALITY(21.9%), OFFICE(14.8%)
TOP 5 STATES: CA(15.1%), TX(10.0%), FL(9.9%), VA(8.8%), NY(8.0%)
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER: MIDLAND LOAN SERVICES
DIRECTING CERTIFICATEHOLDER: KKR REAL ESTATE CREDIT OPPORTUNITY PARTNERS AGGREGATOR I L.P.
DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
PRELIM PROSPECTUS: ATTACHED
ANTICIPATED PRICING: TODAY @ 3:30PM
ANTICIPATED SETTLEMENT: MARCH 5, 2019
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. 333-226486) 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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