FREE WRITING PROSPECTUS

FILED PURSUANT TO RULE 433

REGISTRATION FILE NO.: 333-226486-14

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 05/21/20 14:10:26

To: [REDACTED] (WELLS FARGO SECURITI )
Subject: NEW ISSUE CMBS: WFCM 2020-C56 *PUBLIC ANNOUNCEMENT*

WFCM 2020-C56 - PUBLIC NEW ISSUE
**ANNOUNCEMENT** $638.831 MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS
& JOINT BOOKRUNNERS:	WELLS FARGO SECURITIES, LLC
	BARCLAYS CAPITAL INC.
	CREDIT SUISSE SECURITIES (USA) LLC
	UBS SECURITIES LLC
CO-MANAGER:	ACADEMY SECURITIES, INC.
	DREXEL HAMILTON, LLC

OFFERED CERTIFICATES - PUBLIC

CLASS	FITCH/KBRA/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
A-1	AAAsf/AAA(sf)/Aaa(sf)	18.464	30.000%	2.54	40.9%	13.9%
A-2	AAAsf/AAA(sf)/Aaa(sf)	54.939	30.000%	4.62	40.9%	13.9%
A-3	AAAsf/AAA(sf)/Aaa(sf)	2.605	30.000%	6.70	40.9%	13.9%
A-SB	AAAsf/AAA(sf)/Aaa(sf)	29.226	30.000%	7.14	40.9%	13.9%
A-4*	AAAsf/AAA(sf)/Aaa(sf)	185.000	30.000%	9.55	40.9%	13.9%
A-5*	AAAsf/AAA(sf)/Aaa(sf)	221.562	30.000%	9.72	40.9%	13.9%
X-A	AAAsf/AAA(sf)/Aaa(sf)	511.796	N/A	N/A	N/A	N/A
X-B	A-sf/AAA(sf)/NR	127.035	N/A	N/A	N/A	N/A
A-S	AAAsf/AAA(sf)/Aa2(sf)	62.147	21.500%	9.78	45.8%	12.4%
B	AA-sf/AA-(sf)/NR	35.643	16.625%	9.78	48.7%	11.7%
C	A-sf/A-(sf)/NR	29.245	12.625%	9.79	51.0%	11.2%

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

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$731,138,094
NUMBER OF LOANS:	46
NUMBER OF PROPERTIES:	64
WA CUT-OFF LTV:	58.4%
WA BALLOON LTV:	53.9%
WA U/W NCF DSCR:	2.22x
WA U/W NOI DEBT YIELD:	9.8%
WA MORTGAGE RATE:	3.769%
TOP TEN LOANS %:	51.4%
WA REM TERM TO MATURITY (MOS):	111
WA REM AMORTIZATION TERM (MOS):	357
WA SEASONING (MOS):	4

LOAN SELLERS:	COLUMN(20.9%), LMF(19.6%), UBS(19.0%), BARCLAYS(15.4%), LCF(9.3%), AREF(8.5%), WFB(7.3%)
TOP 3 PROPERTY TYPES:	MULTIFAMILY(43.2%), OFFICE(23.1%), RETAIL(9.7%)
TOP 5 STATES:	CA(21.7%), TX(15.5%), NJ(12.4%), NY(9.6%), MA(7.6%)
MASTER SERVICER:	WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:	MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION
DIRECTING CERTIFICATEHOLDER:	KKR REAL ESTATE CREDIT OPPORTUNITY PARTNERS II L.P.
DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PRELIM PROSPECTUS:	TODAY
PRESALE REPORTS:	TODAY/TOMORROW
ANTICIPATED PRICING:	WEEK OF MAY 25, 2020
ANTICIPATED SETTLEMENT:	JUNE 4, 2020

THIRD PARTY PASSWORDS:

BBG and Trepp: Intex:

Dealname: WFCM 2020-C56 Dealname: WFC20C56

Password: WF20C56 Password: fv9d0757d0e5lft02fc1z

CONFERENCE CALLS: UPON DEMAND

PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM

REVIEW CODE: WFCMC56

FINAL LINK:

www.netroadshow.com/nrs/home/#!/?show=a5156c23

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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