0001539497-21-001900.txt : 20211119 0001539497-21-001900.hdr.sgml : 20211119 20211119165716 ACCESSION NUMBER: 0001539497-21-001900 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211119 DATE AS OF CHANGE: 20211119 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: 211429033 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-x12_publicpricing.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 14:40:56 UTC-5:00

To: [REDACTED]

Subject: NEW ISSUE CMBS: WFCM 2021-C61 *PUBLIC PRICING DETAILS*

WFCM 2021-C61 - PUBLIC NEW ISSUE

**PRICING DETAILS** $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 SPRD CPN% YLD% $PX
A-1 AAAsf/AAA(sf)/Aaa(sf) 18.512 30.000% 2.48 42.0% 14.9% IS+25 1.1610 1.1459 99.9983
A-2 AAAsf/AAA(sf)/Aaa(sf) 108.135 30.000% 4.68 42.0% 14.9% IS+55 2.5030 1.8187 102.9985
A-SB AAAsf/AAA(sf)/Aaa(sf) 28.529 30.000% 7.28 42.0% 14.9% IS+61 2.5250 2.0749 102.9963
A-3 AAAsf/AAA(sf)/Aaa(sf) 116.100 30.000% 9.18 42.0% 14.9% IS+74 2.4060 2.2855 100.9927
A-4 AAAsf/AAA(sf)/Aaa(sf) 263.816 30.000% 9.89 42.0% 14.9% IS+75 2.6580 2.3187 102.9938
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+95 2.8610 2.5202 103.0000
B AA-sf/AA+(sf)/NR 38.221 21.750% 9.94 46.9% 13.3% IS+120 3.1130 2.7703 102.9946
C A-sf/A+(sf)/NR 41.087 16.375% 9.94 50.1% 12.5% IS+175 3.3120 3.3202 99.9940
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%        

 

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 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.