0001539497-19-000649.txt : 20190430 0001539497-19-000649.hdr.sgml : 20190430 20190430104439 ACCESSION NUMBER: 0001539497-19-000649 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190430 DATE AS OF CHANGE: 20190430 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2019-C50 CENTRAL INDEX KEY: 0001770572 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: 333-226486-05 FILM NUMBER: 19779140 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 n1589_publicio-x12.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226486-05

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 04/30/19 08:27:29

WFCM 2019-C50 - PUBLIC NEW ISSUE
**IO GUIDANCE** $821.891 MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS
& JOINT BOOKRUNNERS:	WELLS FARGO SECURITIES, LLC
	BARCLAYS CAPITAL INC.
	UBS SECURITIES LLC

CO-MANAGER:	ACADEMY SECURITIES, INC.
	DREXEL HAMILTON, LLC

OFFERED CERTIFICATES - PUBLIC

CLASS	FITCH/KBRA/MDYS	SIZE($MM)	PROCEEDS($MM)	PRICE GUIDANCE
X-A	AAAsf/AAA(sf)/Aaa(sf)	656.575	70.954	T+130A
X-B	A-sf/AAA(sf)/NR	165.316	12.854	T+130A

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$937,965,076
NUMBER OF LOANS:	64
NUMBER OF PROPERTIES:	346
WA CUT-OFF LTV:	62.7%
WA BALLOON LTV:	55.7%
WA U/W NCF DSCR:	1.83x
WA U/W NOI DEBT YIELD:	11.7%
WA MORTGAGE RATE:	5.043%
TOP TEN LOANS %:	34.7%
WA REM TERM TO MATURITY (MOS):	114
WA REM AMORTIZATION TERM (MOS):	350
WA SEASONING (MOS):	2

LOAN SELLERS:	WFB(25.8%), UBS AG(23.0%), RMF(14.5%), BARCLAYS(13.1%), RREF(12.8%), AREF(10.8%)

TOP 3 PROPERTY TYPES:	RETAIL(29.8%), HOSPITALITY(18.8%), OFFICE(18.0%)

TOP 5 STATES:	OH(15.4%), CA(13.6%), TX(11.1%), FL(7.7%), MI(7.4%)

MASTER SERVICER:	WELLS FARGO BANK, NATIONAL ASSOCIATION

SPECIAL SERVICER:	RIALTO CAPITAL ADVISORS, LLC

DIRECTING CERTIFICATEHOLDER:	RREF III-D WFCM 2019-C50, LLC OR ANOTHER AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC AND RIALTO REAL ESTATE FUND III - DEBT, LP

DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
ANTICIPATED PRICING:	WEEK OF APRIL 29, 2019
ANTICIPATED SETTLEMENT:	MAY 14, 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.