0001539497-24-001732.txt : 20240816 0001539497-24-001732.hdr.sgml : 20240816 20240815173929 ACCESSION NUMBER: 0001539497-24-001732 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240816 DATE AS OF CHANGE: 20240815 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2024-C63 CENTRAL INDEX KEY: 0002029929 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-257991-12 FILM NUMBER: 241213567 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] ORGANIZATION NAME: Office of Structured Finance 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 n4381_x13-priceguidance.htm FWP

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-257991-12

From:	Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 08/14/24 12:58:50 UTC-4:00
Subject:	WFCM 2024-C63 - PUBLIC NEW ISSUE PRICE GUIDANCE

WFCM 2024-C63 - PUBLIC NEW ISSUE **PRICE GUIDANCE**

$652.381MM FIXED-RATE CMBS OFFERING

Co-Lead Managers & Bookrunners:	Wells Fargo Securities, Goldman Sachs & Co. LLC, J.P. Morgan and Société Générale
Co-Managers:	Academy Securities, Drexel Hamilton and Siebert Williams Shank

Publicly Offered Certificates

Class	Expected Ratings (Fitch/KBRA/Moody's)	Available Size ($MM)	CE%	WAL (YRS)	Principal Window	UW NOI DY%	LTV%	GUIDANCE(J+)
A-1	AAAsf/AAA(sf)/Aaa(sf)	$9.171	30.000%	2.68	1–60	24.9%	32.0%	+90-95
A-3^	AAAsf/AAA(sf)/Aaa(sf)	$62.627	30.000%	6.88	83-83	24.9%	32.0%	+135A
A-SB	AAAsf/AAA(sf)/Aaa(sf)	$15.028	30.000%	7.51	60-118	24.9%	32.0%	LCF-5
A-4*	AAAsf/AAA(sf)/Aaa(sf)	$[144.525]	30.000%	[9.81]	[118-119]	24.9%	32.0%	LCF-2
A-5*	AAAsf/AAA(sf)/Aaa(sf)	$[250.180]	30.000%	[9.88]	[119-120]	24.9%	32.0%	+106A
A-S	AAAsf/AAA(sf)/Aa1(sf)	$98.026	15.750%	9.96	120–120	20.7%	38.5%	+150A
B	AA-sf/AA-(sf)/NR	$30.955	11.250%	9.96	120–120	19.6%	40.6%	+195A
C	A-sf/A-(sf)/NR	$18.058	8.625%	9.96	120–120	19.1%	41.8%	+235A

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

^Wells Fargo Securities, LLC is acting as co-lead manager and joint bookrunner with respect to approximately 72.1% of each class of offered certificates (other than the Class A-3 certificates) and 100.0% with respect to the Class A-3 certificates and J.P. Morgan Securities LLC is acting as co-lead manager and joint bookrunner with respect to approximately 17.8% of each class of offered certificates (other than the Class A-3 certificates). JPMCB is expected to purchase a portion of the Class A-3 certificates.

POOL BALANCE:	$713,960,139
NUMBER OF LOANS/PROPERTIES:	30 / 30
WA MORTGAGE INT. RATE:	6.3267%
WA CUT-OFF LTV:	45.7%
WA UW NCF DSCR:	2.52x
WA UW NOI DEBT YLD:	17.4%
WA ORIG TERM TO MATURITY:	117
TEN LARGEST LOANS:	68.8%
LOAN SELLERS:	WFB (40.9%), AREF2 (19.3%), JPMCB (17.8%), NCB (11.9%), GSMC (7.0%), SGFC (3.1%)
TOP 5 STATES:	NY (29.2%), CA (16.8%), TX (12.4%), AZ (8.8%), SC (8.4%)
TOP 5 PROPERTY TYPES:	RT (26.9%), HT (23.2%), MF (16.8%), OF (16.5%), IN (9.1%)

RISK RETENTION:	L-shape

MASTER SERVICERS:	Wells Fargo Bank, National Association and National Cooperative Bank, N.A.
SPECIAL SERVICERS:	Argentic Services Company LP and National Cooperative Bank, N.A.
TRUSTEE:	Computershare Trust Company, National Association
CERT ADMIN:	Computershare Trust Company, National Association
OPERATING ADVISOR:	Park Bridge Lender Services LLC
INITIAL CONTROLLING CLASS REP:	Argentic Securities Holdings 2 Cayman Limited, an affiliate of Argentic Real Estate Finance 2 LLC and Argentic Services Company LP
DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PRELIM PROSPECTUS:	ATTACHED
PRESALE REPORTS:	AVAILABLE
ANTICIPATED PRICING:	Week of August 12, 2024
ANTICIPATED SETTLEMENT:	August 29, 2024
THIRD PARTY PASSWORDS:
Bloomberg:
Dealname:	WFCM 2024-C63
Password:	WFCM24C63

Trepp:
Dealname:	WFCM 2024-C63
Password:	WFCM24C63

Intex:
Dealname:	WFC24C63
Password:	aqdih8oq0o29ohckz

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.