FWP 1 n2813-x11_publiclaunch.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: 11/19/21 12:32:12 UTC-5:00

To:   [REDACTED]
Subject:   NEW ISSUE CMBS: WFCM 2021-C61 *PUBLIC LAUNCH*

WFCM 2021-C61 - PUBLIC NEW ISSUE

**PRICE LAUNCH** $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 LAUNCH
A-1 AAAsf/AAA(sf)/Aaa(sf) 18.512 30.000% 2.48 42.0% 14.9% IS+25
A-2 AAAsf/AAA(sf)/Aaa(sf) 108.135 30.000% 4.68 42.0% 14.9% IS+55
A-SB AAAsf/AAA(sf)/Aaa(sf) 28.529 30.000% 7.28 42.0% 14.9% IS+61
A-3* AAAsf/AAA(sf)/Aaa(sf) 116.100 30.000% 9.18 42.0% 14.9% IS+74
A-4* AAAsf/AAA(sf)/Aaa(sf) 263.816 30.000% 9.89 42.0% 14.9% IS+75
X-A AAAsf/AAA(sf)/Aaa(sf) 535.092 N/A 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 N/A
A-S AAAsf/AAA(sf)/Aa2(sf) 24.844 26.750% 9.94 43.9% 14.2% IS+95
B AA-sf/AA+(sf)/NR 38.221 21.750% 9.94 46.9% 13.3% IS+120
C A-sf/A+(sf)/NR 41.087 16.375% 9.94 50.1% 12.5% IS+175

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: AVAILABLE
PRESALE REPORTS: AVAILABLE
ANTICIPATED PRICING: TODAY AT 1:30PM
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.

 

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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.