FREE WRITING PROSPECTUS

FILED PURSUANT TO RULE 433

REGISTRATION FILE NO.: 333-226486-18

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 01/28/21 11:54:47

To: [REDACTED]

Subject: NEW ISSUE CMBS: BANK 2021-BNK31 *PUBLIC LAUNCH* (with correct A3 WAL)

BANK 2021-BNK31 - PUBLIC NEW ISSUE

**LAUNCH** $768.559MM 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	LAUNCH
A-1	AAAsf/AAA(sf)/AAA(sf)	24.155	30.000%	2.78	36.5%	17.3%	IS+20
A-SB	AAAsf/AAA(sf)/AAA(sf)	27.859	30.000%	7.09	36.5%	17.3%	IS+48
A-3	AAAsf/AAA(sf)/AAA(sf)	252.000	30.000%	9.58	36.5%	17.3%	IS+59
A-4	AAAsf/AAA(sf)/AAA(sf)	297.934	30.000%	9.89	36.5%	17.3%	IS+61
A-S	AAAsf/AAA(sf)/AAA(sf)	94.592	19.000%	9.93	42.2%	15.0%	IS+78
B	AA-sf/AA-(sf)/AA-(sf)	37.622	14.625%	9.93	44.5%	14.2%	IS+95
C	A-sf/A-(sf)/NR	34.397	10.625%	9.93	46.6%	13.6%	IS+145

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS	Fitch/KBRA/S&P	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
D	BBBsf/BBB(sf)/NR	21.499	8.125%	9.93	47.9%	13.2%
E	BBB-sf/BBB-(sf)/NR	16.123	6.250%	9.96	48.9%	12.9%

NON-OFFERED ELIGIBLE VERTICAL INTEREST

CLASS	Fitch/KBRA/S&P	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
RRI	NR/NR/NR	~45.259	N/A	9.53	N/A	N/A

COLLATERAL SUMMARY
INITIAL POOL BALANCE:	$905,186,404
NUMBER OF LOANS:	61
NUMBER OF PROPERTIES:	126
WA CUT-OFF LTV:	52.1%
WA BALLOON LTV:	49.1%
WA U/W NCF DSCR:	3.25x
WA U/W NOI DEBT YIELD:	12.1%
WA MORTGAGE RATE:	3.2111%
TOP TEN LOANS %:	55.4%
WA REM TERM TO MATURITY (MOS):	118
WA REM AMORTIZATION TERM (MOS):	332
WA SEASONING (MOS):	2
LOAN SELLERS:	WFB(34.4%), MSMCH(30.3%), BANA(28.7%), NCB(6.6%)
TOP 3 PROPERTY TYPES:	OFFICE(33.9%), RETAIL(25.4%), SELF STORAGE(16.4%)
TOP 5 STATES:	CA(24.6%), NY(20.9%), FL(10.3%), IL(5.3%), OH(4.8%)
MASTER SERVICERS:	WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
SPECIAL SERVICERS:	KEYBANK NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
DIRECTING CERTIFICATEHOLDER:	LD II HOLDCO XIV, LLC AND/OR ONE OF ITS AFFILIATES
DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PROSPECTUS:	ATTACHED
ANTICIPATED PRICING:	THIS AFTERNOON
ANTICIPATED SETTLEMENT:	FEBRUARY 11, 2021
THIRD PARTY PASSWORDS:
BBG and Trepp:
Dealname:	BANK 2021-BN31
Password:	BANK31
Intex:
Dealname:	BNK21B31
Password:	cjrlj4g0en266eupvoh1z
CONFERENCE CALLS:	UPON DEMAND
LIVE GLOBAL INVESTOR CALL ON MONDAY, JANUARY 25TH AT 11AM ET:
PARTICIPANT OPERATOR ASSISTED DIAL-IN
United States Toll/International:	+1 404 975 4839
United States Toll-Free:	+1 833 470 1428
Access Code:	178531

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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