0001539497-20-000757.txt : 20200528 0001539497-20-000757.hdr.sgml : 20200528 20200527180925 ACCESSION NUMBER: 0001539497-20-000757 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200528 DATE AS OF CHANGE: 20200527 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2020-C56 CENTRAL INDEX KEY: 0001803858 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: 333-226486-14 FILM NUMBER: 20916490 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 n2221-x12pricingdetails.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226486-14

From:	Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 05/27/20 16:29:19
To:	[REDACTED].
Subject:	NEW ISSUE CMBS: WFCM 2020-C56 PUBLIC PRICING DETAILS

WFCM 2020-C56 - PUBLIC NEW ISSUE

**PRICE PRICING DETAILS** $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	SPRD	CPN%	YLD%	$PX
A-1	AAAsf/AAA(sf)/Aaa(sf)	18.464	30.000%	2.54	S+105	1.3410	1.3246	99.9979
A-2	AAAsf/AAA(sf)/Aaa(sf)	54.939	30.000%	4.62	S+145	2.4980	1.8060	102.9978
A-3	AAAsf/AAA(sf)/Aaa(sf)	2.605	30.000%	6.70	S+145	1.9400	1.9363	99.9965
A-SB	AAAsf/AAA(sf)/Aaa(sf)	29.226	30.000%	7.14	S+145	2.4220	1.9645	102.9972
A-4	AAAsf/AAA(sf)/Aaa(sf)	185.000	30.000%	9.55	S+143	2.1940	2.0779	100.9974
A-5	AAAsf/AAA(sf)/Aaa(sf)	221.562	30.000%	9.72	S+145	2.4480	2.1057	102.9921
A-S	AAAsf/AAA(sf)/Aa2(sf)	62.147	21.500%	9.78	S+210	3.1070	2.7587	102.9988
B	AA-sf/AA-(sf)/NR	35.643	16.625%	9.78	S+325	3.7506	3.9087	99.1553
C	A-sf/A-(sf)/NR	29.245	12.625%	9.79	S+515	3.7506	5.8091	85.2906

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:	AVAILABLE
PRESALE REPORTS:	AVAILABLE
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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