0001539497-23-002131.txt : 20231207 0001539497-23-002131.hdr.sgml : 20231207 20231207164645 ACCESSION NUMBER: 0001539497-23-002131 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231207 DATE AS OF CHANGE: 20231207 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MSWF Commercial Mortgage Trust 2023-2 CENTRAL INDEX KEY: 0002002215 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: 333-257991-09 FILM NUMBER: 231472901 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 n3913_cmbsnewissue-x17.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-257991-09

----- Original Message -----
From: WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITIES LLC)
At: 12/07/23 15:13:32 UTC-05:00

MSWF 2023-2 - CMBS NEW ISSUE **STATUS**

CO-LEAD MANAGERS
& JOINT BOOKRUNNERS:	WELLS FARGO SECURITIES, LLC
	MORGAN STANLEY & CO. LLC
	BOFA SECURITIES, INC.
CO-MANAGERS:	ACADEMY SECURITIES, INC.
	DREXEL HAMILTON, LLC
	SIEBERT WILLIAMS SHANK & CO., LLC

OFFERED CERTIFICATES

CLASS	FITCH/KBRA/MOODY'S	SIZE($MM)	C/E	WAL	GUID STATUS / ON AVAIL
A-1	AAAsf/AAA(sf)/Aaa(sf)	2.741	30.000%	2.18	Preplaced
A-2	AAAsf/AAA(sf)/Aaa(sf)	69.432	30.000%	4.83	A5+30bp~55% at LCF+35bp
A-SB	AAAsf/AAA(sf)/Aaa(sf)	6.496	30.000%	7.21	A5+7bp SUBJ
A-4^	AAAsf/AAA(sf)/Aaa(sf)	200.000	30.000%	9.38	A5-2bp \ ~1.5x / 2.2x
A-5^	AAAsf/AAA(sf)/Aaa(sf)	361.457	30.000%	9.77	J+143a / COMB
A-S	AAAsf/AAA(sf)/Aa1(sf)	121.167	16.750%	9.90	J+195A~2.95x* / 4.2x
B	AA-sf/AA-(sf)/NR	38.865	12.500%	9.90	J+235A~1.3x SUBJ
C	A-sf/A-(sf)/NR	28.577	9.375%	9.93	J+325A~7.8x* / 10.1x SUBJ
D	BBBsf/BBB+(sf)/NR	14.860	7.750%	9.98	J+740A~13+x* / 19x SUBJ
E	BBB-sf/BBB(sf)/NR	9.145	6.750%	9.98	J+875A~5.5x* / 7.8x SUBJ

*Some size not level protection in this class

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

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:

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