0001539497-19-001985.txt : 20191112 0001539497-19-001985.hdr.sgml : 20191112 20191112170819 ACCESSION NUMBER: 0001539497-19-001985 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20191112 DATE AS OF CHANGE: 20191112 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2019-C54 CENTRAL INDEX KEY: 0001791239 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: 333-226486-11 FILM NUMBER: 191210702 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 n1864_x13-ioguidance.htm FORM FWP

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226486-11

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

At: 11/12/19 13:11:33

To: [REDACTED]

Subject: NEW ISSUE CMBS: WFCM 2019-C54 *PUBLIC IO LAUNCH*

WFCM 2019-C54 - PUBLIC NEW ISSUE

**IO LAUNCH** $579.400 MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS & JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC

UBS SECURITIES LLC

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

OFFERED CERTIFICATES - PUBLIC

CLASS	FITCH/KBRA/S&P	SIZE($MM)	LAUNCH
X-A	AAAsf/AAA(sf)/AAA(sf)	468.879	T+155

COLLATERAL SUMMARY

INITIAL POOL BALANCE: $669,827,472

NUMBER OF LOANS: 44

NUMBER OF PROPERTIES: 88

WA CUT-OFF LTV: 63.4%

WA BALLOON LTV: 59.7%

WA U/W NCF DSCR: 2.21x

WA U/W NOI DEBT YIELD: 10.0%

WA MORTGAGE RATE: 3.887%

TOP TEN LOANS %: 45.9%

WA REM TERM TO MATURITY (MOS): 116

WA REM AMORTIZATION TERM (MOS): 357

WA SEASONING (MOS): 2

LOAN SELLERS: AREF(26.4%), WFB(26.0%), RMF(23.6%),

BSPRT(15.8%), UBS(8.2%)

TOP 3 PROPERTY TYPES: OFFICE(32.0%), MULTIFAMILY(21.1%),

RETAIL(17.9%)

TOP 5 STATES: CA(26.7%), NY(9.1%), OH(6.6%),

UT(6.3%), CO(5.0%)

MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION

SPECIAL SERVICER: LNR PARTNERS, LLC

DIRECTING CERTIFICATEHOLDER: ARGENTIC SECURITIES INCOME USA LLC OR AN AFFILIATE

DOCUMENTS & TIMING

TERM SHEET, ANNEX A-1: ATTACHED

PRELIM PROSPECTUS: ATTACHED

PRESALE REPORTS: AVAILABLE

ANTICIPATED PRICING: WEEK OF NOVEMBER 12, 2019

ANTICIPATED SETTLEMENT: DECEMBER 3, 2019

THIRD PARTY PASSWORDS:

BBG and Trepp:

Dealname: WFCM 2019-C54

Password: WF2019C54

Intex:

Dealname: WFC19C54

Password: o53313dm2128ngc7z

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.