0001539497-19-001196.txt : 20190722 0001539497-19-001196.hdr.sgml : 20190722 20190722172459 ACCESSION NUMBER: 0001539497-19-001196 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190722 DATE AS OF CHANGE: 20190722 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK 2019-BNK19 CENTRAL INDEX KEY: 0001780859 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: 333-226486-07 FILM NUMBER: 19966428 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 n1700_x9-priceguidance.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226486-07

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 07/22/19 15:37:43
Subject: NEW ISSUE CMBS: BANK 2019-BNK19 *PUBLIC PRICE GUIDANCE*

BANK 2019-BNK19 - PUBLIC NEW ISSUE
**PRICE GUIDANCE** $1,115.158MM FIXED-RATE CMBS OFFERING


CO-LEAD MANAGERS
& JOINT BOOKRUNNERS:	WELLS FARGO SECURITIES, LLC
	BOFA SECURITIES, INC.
	MORGAN STANLEY & CO. LLC

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

OFFERED CERTIFICATES - PUBLIC

CLASS	FITCH/KBRA/S&P	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY	PX GDX
A-1	AAAsf/AAA(sf)/AAA(sf)	25.345	30.000%	2.83	39.4%	19.0%	IS+43A
A-SB	AAAsf/AAA(sf)/AAA(sf)	44.620	30.000%	7.43	39.4%	19.0%	IS+72A
A-2*	AAAsf/AAA(sf)/AAA(sf)	395.000	30.000%	9.78	39.4%	19.0%	A3-2bps
A-3*	AAAsf/AAA(sf)/AAA(sf)	401.177	30.000%	9.90	39.4%	19.0%	IS+84A
A-S	AAAsf/AAA(sf)/AA+(sf)	153.122	17.625%	9.94	46.3%	16.1%	IS+110A
B	AA-sf/AA-(sf)/AA-(sf)	49.494	13.625%	9.94	48.6%	15.4%	IS+125A
C	A-sf/A-(sf)/A-(sf)	46.400	9.875%	9.94	50.7%	14.7%	IS+175A

*Sizes and WAL’s are subject to change as detailed in the attached Term Sheet.

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS	FITCH/KBRA/S&P	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
X-D	BBB-sf/BBB-(sf)/NR	51.041	N/A	N/A	N/A	N/A
D	BBBsf/BBB(sf)/NR	27.840	7.625%	9.94	52.0%	14.4%
E	BBB-sf/BBB-(sf)/NR	23.201	5.750%	9.94	53.0%	14.1%

NON-OFFERED ELIGIBLE VERTICAL INTEREST

CLASS	FITCH/KBRA/S&P	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
RRI	NR/NR/NR	65.123	N/A	9.64	N/A	N/A

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$1,302,470,080
NUMBER OF LOANS:	73
NUMBER OF PROPERTIES:	76
WA CUT-OFF LTV:	56.3%
WA BALLOON LTV:	52.6%
WA U/W NCF DSCR:	2.82x
WA U/W NOI DEBT YIELD:	13.3%
WA MORTGAGE RATE:	4.055%
TOP TEN LOANS %:	54.2%
WA REM TERM TO MATURITY (MOS):	118
WA REM AMORTIZATION TERM (MOS):	367
WA SEASONING (MOS):	2

LOAN SELLERS:	WFB(38.2%), BANA(27.8%), MSMCH(27.3%), NCB(6.7%)

TOP 3 PROPERTY TYPES:	OFFICE(51.2%), RETAIL(23.4%), HOSPITALITY(10.8%)

TOP 5 STATES:	CA(25.2%), NY(21.2%), FL(10.7%), NJ(9.6%), NV(7.7%)

MASTER SERVICERS:	WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.

SPECIAL SERVICERS:	LNR PARTNERS, LLC AND NATIONAL COOPERATIVE BANK, N.A.

DIRECTING CERTIFICATEHOLDER:	SEER CAPITAL COMMERCIAL REAL ESTATE DEBT FUND II, LTD.
DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PROSPECTUS:	ATTACHED
PRESALE REPORTS:	TODAY & TOMORROW
ANTICIPATED PRICING:	WEEK OF JULY 22, 2019
ANTICIPATED SETTLEMENT:	AUGUST 8, 2019

ROADSHOW
HARTFORD, BREAKFAST:	WED, 7/17 @ 8:30AM ET, MAX DOWNTOWN RESTAURANT
BOSTON, LUNCH:	WED, 7/17 @ 12:00PM ET, THE FAIRMONT COPLEY PLAZA HOTEL
MINNEAPOLIS, BREAKFAST:	THURS, 7/18 @ 7:30AM CT, THE MARQUETTE HOTEL
DES MOINES, LUNCH:	THURS, 7/18 @ 1:00PM CT, THE DES LUX HOTEL

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.