0001539497-21-001050.txt : 20210716 0001539497-21-001050.hdr.sgml : 20210716 20210716143216 ACCESSION NUMBER: 0001539497-21-001050 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210716 DATE AS OF CHANGE: 20210716 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 CENTRAL INDEX KEY: 0001867467 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: 333-226486-21 FILM NUMBER: 211095163 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 n2625-x11publiclaunch.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226486-21

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 07/16/21 11:26:21

To: [REDACTED] (WELLS FARGO SECURITI )
Subject: NEW ISSUE CMBS: WFCM 2021-C60 *PUBLIC LAUNCH*

WFCM 2021-C60 - PUBLIC NEW ISSUE

**LAUNCH** $645.696 MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS
& JOINT BOOKRUNNERS:	WELLS FARGO SECURITIES, LLC
	CREDIT SUISSE SECURITIES (USA) LLC
	UBS SECURITIES LLC

CO-MANAGERS:	ACADEMY SECURITIES, INC.
	DREXEL HAMILTON, LLC
	SIEBERT WILLIAMS SHANK & CO., LLC

CLASS	DBRSM/FITCH/MOODY'S	SIZE ($MM)	C/E	WAL	CUM LTV	NOI DY	LAUNCH
A-1	AAA(sf)/AAA(sf)/Aaa(sf)	17.659	30.000%	2.62	41.4%	14.2%	IS+28
A-2	AAA(sf)/AAA(sf)/Aaa(sf)	45.569	30.000%	4.92	41.4%	14.2%	IS+55
A-SB	AAA(sf)/AAA(sf)/Aaa(sf)	24.458	30.000%	7.23	41.4%	14.2%	IS+58
A-3	AAA(sf)/AAA(sf)/Aaa(sf)	121.000	30.000%	9.14	41.4%	14.2%	IS+70
A-4	AAA(sf)/AAA(sf)/Aaa(sf)	315.357	30.000%	9.85	41.4%	14.2%	IS+72
X-A	AAA(sf)/AAA(sf)/Aaa(sf)	524.043	N/A	N/A	N/A	N/A
X-B	AA(sf)/A-(sf)/NR	121.653	N/A	N/A	N/A	N/A
A-S	AAA(sf)/AAA(sf)/Aa1(sf)	58.019	22.250%	9.96	45.9%	12.8%	IS+92
B	AAA(sf)/AA-(sf)/NR	34.624	17.625%	9.96	48.7%	12.1%	IS+110
C	AA(low)(sf)/A-(sf)/NR	29.010	13.750%	9.96	51.0%	11.5%	IS+145
NON-OFFERED
X-D	AA(low)(sf)/BBB+(sf)/NR	11.192	N/A	N/A	N/A	N/A
D	A(high)(sf)/BBB+(sf)/NR	11.192	12.255%	9.96	51.9%	11.3%

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$748,633,043
NUMBER OF LOANS:	61
NUMBER OF PROPERTIES:	107
WA CUT-OFF LTV:	59.1%
WA BALLOON LTV:	55.3%
WA U/W NCF DSCR:	2.32x
WA U/W NOI DEBT YIELD:	10.0%
WA MORTGAGE RATE:	3.766%
TOP TEN LOANS %:	46.5%
WA REM TERM TO MATURITY (MOS):	114
WA REM AMORTIZATION TERM (MOS):	356
WA SEASONING (MOS):	2

LOAN SELLERS:	LMF(30.2%), WFB(24.2%), COLUMN(13.7%), UBS AG(11.9%), BSPRT(10.1%), LCF(9.8%)

TOP 3 PROPERTY TYPES:	RETAIL(28.5%), MULTIFAMILY(23.0%), INDUSTRIAL(15.5%)

TOP 5 STATES:	NY(20.8%), CA(18.1%), AZ(9.2%), PA(9.2%), IL(5.5%)

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:	TODAY
PRESALE REPORTS:	AVAILABLE
ANTICIPATED PRICING:	TODAY AT 1PM EST
ANTICIPATED SETTLEMENT:	JULY 29, 2021

THIRD PARTY PASSWORDS
BBG:
Dealname:	WFCM 2021-C60
Password:	2021C60

Intex:
Dealname:	WFC21C60
Password:	8ehrioctlqt652g5z

Trepp:
Dealname:	WFCM 2021-C60
Password:	2021C60

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.