FWP 1 n2499xapricing-x11.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: 04/23/21 14:44:51

To: [REDACTED]
Subject: NEW ISSUE CMBS: WFCM 2021-C59 *XA PRICING DETAILS*

 

WFCM 2021-C59 - PUBLIC NEW ISSUE

**XA 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)^ SPD YLD% CPN% $PRICE
X-A AAAsf/AAA(sf)/AAA(sf) 553.951 T+110 2.5313 1.68927 11.8705

 

^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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