0001539497-21-000537.txt : 20210422 0001539497-21-000537.hdr.sgml : 20210422 20210422171909 ACCESSION NUMBER: 0001539497-21-000537 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210422 DATE AS OF CHANGE: 20210422 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 CENTRAL INDEX KEY: 0001851817 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: 333-226486-19 FILM NUMBER: 21845682 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 n2499publicpricing-x10.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226486-19

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 04/22/21 15:24:29

To: [REDACTED] (WELLS FARGO SECURITI )
Subject: NEW ISSUE CMBS: WFCM 2021-C59 *PUBLIC PRICING DETAILS*

WFCM 2021-C59 - PUBLIC NEW ISSUE

**PRICING DETAILS** $715.568 MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS

& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC

UBS SECURITIES LLC

BARCLAYS CAPITAL INC.

CO-MANAGER: ACADEMY SECURITIES, INC.

DREXEL HAMILTON, LLC

SIEBERT WILLIAMS SHANK & CO., LLC

CLASS	FITCH/KBRA/S&P	SIZE($MM)^	WAL	SPD	YLD%	CPN%	$PRICE
A-1	AAAsf/AAA(sf)/AAA(sf)	20.628	2.57	22	0.5935	0.601	99.99770
A-2	AAAsf/AAA(sf)/AAA(sf)	16.497	4.78	50	1.3464	1.354	99.99970
A-3	AAAsf/AAA(sf)/AAA(sf)	23.471	6.94	73	1.9544	1.958	99.99890
A-SB	AAAsf/AAA(sf)/AAA(sf)	24.310	6.79	62	1.8207	2.298	102.99790
A-4	AAAsf/AAA(sf)/AAA(sf)	148.000	9.38	73	2.2247	2.343	100.99750
A-5	AAAsf/AAA(sf)/AAA(sf)	321.043	9.87	75	2.2860	2.626	102.99670
A-S	AAAsf/AAA(sf)/AAA(sf)	54.405	9.94	100	2.5423	2.883	102.99850
B	AA-sf/AA(sf)/AA(sf)	39.567	9.94	115	2.6923	3.034	102.99340
C	A-sf/A(sf)/A-(sf)	37.590	9.94	175	3.2923	3.284	99.99190

NON-OFFERED
X-D	BBB-sf/BBB-(sf)/NR	43.524	N/A
D	BBBsf/BBB+(sf)/NR	24.729	9.94
E	BBB-sf/BBB-(sf)/NR	18.795	9.94

^Offered sizes net of RR


COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$826,053,066
NUMBER OF LOANS:	63
NUMBER OF PROPERTIES:	99
WA CUT-OFF LTV:	58.3%
WA BALLOON LTV:	53.9%
WA U/W NCF DSCR:	2.36x
WA U/W NOI DEBT YIELD:	10.6%
WA MORTGAGE RATE:	3.968%
TOP TEN LOANS %:	45.0%
WA REM TERM TO MATURITY (MOS):	115
WA REM AMORTIZATION TERM (MOS):	355
WA SEASONING (MOS):	3

LOAN SELLERS:	AREF(26.4%), LMF(18.8%), WFB(17.8%),
	UBS AG(13.1%), BSPRT(12.4%), BARCLAYS (11.5%)

TOP 3 PROPERTY TYPES:	OFFICE(36.2%), RETAIL(16.3%),
	INDUSTRIAL(15.7%)

TOP 5 STATES:	CA(17.1%), PA(10.9%), MI(10.1%),
	NY(8.3%), WA(5.9%)

MASTER SERVICER:	WELLS FARGO BANK, NATIONAL ASSOCIATION

SPECIAL SERVICER:	ARGENTIC SERVICES COMPANY LP

DIRECTING CERTIFICATEHOLDER:	ARGENTIC SECURITIES INCOME USA LLC

DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
ANTICIPATED SETTLEMENT:	MAY 5, 2021

THIRD PARTY PASSWORDS
BBG and Trepp:
Dealname:	WFCM 2021-C59
Password:	2021C59

Intex:
Dealname:	WFC21C59
Password:	72resb5jjks5pqvsl1u1z

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.

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