FWP 1 n2368_x8-publicanno.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226486-17
     

 

From:  Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 11/30/20 09:16:32

To:  [REDACTED] (WELLS FARGO SECURITI )
Subject:  NEW ISSUE CMBS: WFCM 2020-C58 *PUBLIC ANNOUNCEMENT*

WFCM 2020-C58 - PUBLIC NEW ISSUE
**ANNOUNCEMENT** $597.385 MM FIXED-RATE CMBS OFFERING


CO-LEAD MANAGERS  
& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC
  BARCLAYS CAPITAL INC.
   
CO-MANAGERS: 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) 26.019 30.000% 2.82 41.9% 15.4%
A-2 AAAsf/AAA(sf)/Aaa(sf) 6.764 30.000% 5.00 41.9% 15.4%
A-SB AAAsf/AAA(sf)/Aaa(sf) 28.803 30.000% 7.00 41.9% 15.4%
A-3* AAAsf/AAA(sf)/Aaa(sf) 200.000 30.000% 9.23 41.9% 15.4%
A-4* AAAsf/AAA(sf)/Aaa(sf) 225.825 30.000% 9.86 41.9% 15.4%
X-A AAAsf/AAA(sf)/Aaa(sf) 487.411 N/A N/A N/A N/A
X-B A-sf/AAA(sf)/NR 109.974 N/A N/A N/A N/A
A-S AAAsf/AAA(sf)/Aa2(sf) 53.964 22.250% 9.91 46.6% 13.9%
B AA-sf/AA(sf)/NR 35.685 17.125% 9.97 49.7% 13.0%
C A-sf/A(sf)/NR 20.325 14.206% 10.00 51.4% 12.6%

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

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $696,302,595
NUMBER OF LOANS: 48
NUMBER OF PROPERTIES: 70
WA CUT-OFF LTV: 59.9%
WA BALLOON LTV: 54.0%
WA U/W NCF DSCR: 2.33x
WA U/W NOI DEBT YIELD: 10.8%
WA MORTGAGE RATE: 3.788%
TOP TEN LOANS %: 48.6%
WA REM TERM TO MATURITY (MOS): 116
WA REM AMORTIZATION TERM (MOS): 358
WA SEASONING (MOS): 3
LOAN SELLERS: WFB(33.5%), BARCLAYS(21.6%), LMF(17.2%), BSPRT(14.6%), AREF(13.1%)
TOP 3 PROPERTY TYPES: OFFICE(25.4%), INDUSTRIAL(22.3%), RETAIL(20.5%)
TOP 5 STATES: CA(36.8%), FL(8.9%), NY(7.2%), PA(6.7%), NV(6.5%)
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER: RIALTO CAPITAL ADVISORS, LLC
DIRECTING CERTIFICATEHOLDER: RREF IV-D AIV RR H, LLC
DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
PRELIM PROSPECTUS: TODAY
PRESALE REPORTS: TODAY/TOMORROW
ANTICIPATED PRICING: WEEK OF NOVEMBER 30, 2020
ANTICIPATED SETTLEMENT: DECEMBER 16, 2020
CONFERENCE CALLS: UPON DEMAND
   
THIRD PARTY PASSWORDS:  
BBG and Trepp:  
Dealname: WFCM 2020-C58
Password: WF2020C58
   
Intex:  
Dealname: WFC20C58
Password: gah55s12qb1dvs1bz

 

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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