0001539497-21-001825.txt : 20211115 0001539497-21-001825.hdr.sgml : 20211115 20211115161945 ACCESSION NUMBER: 0001539497-21-001825 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211115 DATE AS OF CHANGE: 20211115 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2021-C61 CENTRAL INDEX KEY: 0001891774 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: 333-257991-02 FILM NUMBER: 211410976 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 n2813-x8_publicipt.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-257991-02

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 11/15/21 13:46:25 UTC-5:00

To: [REDACTED] (WELLS FARGO SECURITI )

Subject: NEW ISSUE CMBS: WFCM 2021-C61 *PUBLIC IPT*

WFCM 2021-C61 - PUBLIC NEW ISSUE

**IPT** $639.244MM 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	FITCH/KBRA/MOODY'S	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY	IPT
A-1	AAAsf/AAA(sf)/Aaa(sf)	18.512	30.000%	2.48	42.0%	14.9%	IS+25A
A-2	AAAsf/AAA(sf)/Aaa(sf)	108.135	30.000%	4.68	42.0%	14.9%	IS+55A
A-SB	AAAsf/AAA(sf)/Aaa(sf)	28.529	30.000%	7.28	42.0%	14.9%	IS+56A
A-3*	AAAsf/AAA(sf)/Aaa(sf)	175.000	30.000%	9.41	42.0%	14.9%	A4-2BPS
A-4*	AAAsf/AAA(sf)/Aaa(sf)	204.916	30.000%	9.90	42.0%	14.9%	IS+69-70
X-A	AAAsf/AAA(sf)/Aaa(sf)	535.092	N/A	N/A	N/A	N/A
X-B	A-sf/AAA(sf)/NR	104.152	N/A	N/A	N/A	N/A
A-S	AAAsf/AAA(sf)/Aa2(sf)	24.844	26.750%	9.94	43.9%	14.2%	IS+90-91
B	AA-sf/AA+(sf)/NR	38.221	21.750%	9.94	46.9%	13.3%	IS+110A
C	A-sf/A+(sf)/NR	41.087	16.375%	9.94	50.1%	12.5%	IS+175A
NON-OFFERED
X-D	BBB-sf/BBB(sf)/NR	36.528	N/A	N/A	N/A	N/A
D	BBBsf/BBB+(sf)/NR	27.711	12.750%	9.96	52.3%	11.9%
E	BBB-sf/BBB(sf)/NR	8.817	11.597%	10.03	53.0%	11.8%

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


COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$764,418,400
NUMBER OF LOANS:	61
NUMBER OF PROPERTIES:	165
WA CUT-OFF LTV:	59.9%
WA BALLOON LTV:	55.7%
WA U/W NCF DSCR:	2.15x
WA U/W NOI DEBT YIELD:	10.4%
WA MORTGAGE RATE:	3.9099%
TOP TEN LOANS %:	45.5%
WA REM TERM TO MATURITY (MOS):	108
WA REM AMORTIZATION TERM (MOS):	351
WA SEASONING (MOS):	3

LOAN SELLERS:	LMF(24.7%), WFB(24.3%), LCF(15.4%), COLUMN(13.1%), UBS AG(9.2%), BSPRT(8.5%), OCEANVIEW(4.9%)
TOP 3 PROPERTY TYPES:	OFFICE(23.0%), RETAIL(22.3%), MIXED-USE(16.7%)

TOP 5 STATES:	FL(17.5%), NY(12.6%), CA(11.2%), TX(10.1%), MI(5.0%)

MASTER SERVICER:	WELLS FARGO BANK, NATIONAL ASSOCIATION

SPECIAL SERVICER:	CWCAPITAL ASSET MANAGEMENT LLC

DIRECTING CERTIFICATEHOLDER:	LD III Sub IV LLC

DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PRELIM PROSPECTUS:	TOMORROW, TUESDAY, NOVEMBER 16
PRESALE REPORTS:	TODAY
ANTICIPATED PRICING:	WEEK OF NOVEMBER 15
ANTICIPATED SETTLEMENT:	DECEMBER 6, 2021

CONFERENCE CALLS:	UPON DEMAND

LIVE GLOBAL INVESTOR CALL ON TUESDAY, NOVEMBER 16 AT 11 AM ET:
PARTICIPANT OPERATOR ASSISTED DIAL-IN
United States Toll-Free:	+1 833 470 1428
United States Toll/International:	+1 404 975 4839
Access Code:	289381

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. 333-257991) 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.

If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb4. This chat will be retained and may be monitored.