FWP 1 n1331_email-x9.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-27
     

--- Original Sender: WELLS ABF SYNDICATE WELLS FARGO, WELLS FARGO SECURITIES LLC ---

 

----- Original Message -----

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)

At: 08/07/18 08:41:13

 

WFCM 2018-C46 - PUBLIC NEW ISSUE

**ANNOUNCEMENT** $603.865 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS  
& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC
  BARCLAYS CAPITAL INC.
   
CO-MANAGER:  ACADEMY SECURITIES, INC.

 

OFFERED CERTIFICATES - PUBLIC
CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
A-1 AAAsf/AAA(sf)/Aaa(sf)   14.029 30.000% 2.60 41.7% 15.9%
A-2 AAAsf/AAA(sf)/Aaa(sf) 147.143 30.000% 4.82 41.7% 15.9%
A-SB AAAsf/AAA(sf)/Aaa(sf)   24.040 30.000% 7.40 41.7% 15.9%
A-3 AAAsf/AAA(sf)/Aaa(sf) 115.000 30.000% 9.74 41.7% 15.9%
A-4 AAAsf/AAA(sf)/Aaa(sf) 184.264 30.000% 9.88 41.7% 15.9%
X-A AAAsf/AAA(sf)/Aaa(sf) 484.476 N/A N/A N/A N/A
X-B A-sf/AAA(sf)/NR 119.389 N/A N/A N/A N/A
A-S AAAsf/AAA(sf)/Aa2(sf)   56.234 21.875% 9.96 46.5% 14.3%
B AA-sf/AA-(sf)/NR   31.145 17.375% 9.96 49.2% 13.5%
C A-sf/A-(sf)/NR   32.010 12.750% 9.96 51.9% 12.8%
             
NON-OFFERED CERTIFICATES - PRIVATE (144A)
CLASS FITCH/KBRA/MDYS SIZE($MM) C/E WAL CUM LTV NOI DY
X-D BBBsf/BBB(sf)/NR 20.840 N/A N/A N/A N/A
D BBBsf/BBB(sf)/NR 20.840 9.739% 9.96 53.7% 12.4%

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $692,109,550
NUMBER OF LOANS: 49
NUMBER OF PROPERTIES: 55
WA CUT-OFF LTV: 59.5%
WA BALLOON LTV: 55.8%
WA U/W NCF DSCR: 1.80x
WA U/W NOI DEBT YIELD: 11.2%
WA MORTGAGE RATE: 5.000%
TOP TEN LOANS %: 46.7%
WA REM TERM TO MATURITY (MOS): 106
WA REM AMORTIZATION TERM (MOS): 358
WA SEASONING (MOS): 1
   
LOAN SELLERS: WFB(36.6%), BARCLAYS(21.4%), BSP(17.8%),
  AREF(17.6%), RMF(6.7%)
   
TOP 3 PROPERTY TYPES: RETAIL(36.9%), OFFICE(24.9%),
  MULTIFAMILY(14.1%)
   
TOP 5 STATES: CA(13.6%), NC(12.3%), FL(10.0%),
  NY(9.9%), VA(8.3%)
   
MASTER SERVICER: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
SPECIAL SERVICER: LNR PARTNERS, LLC
   
DIRECTING CERTIFICATEHOLDER: ARGENTIC SECURITIES INCOME USA LLC
   
DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
PRELIM PROSPECTUS: TODAY
PRESALE REPORTS: TODAY
ANTICIPATED PRICING: LATE WEEK OF AUGUST 6, 2018/EARLY WEEK OF AUGUST 13, 2018
 
ANTICIPATED SETTLEMENT: AUGUST 28, 2018
   
CONFERENCE CALLS: UPON DEMAND

 

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. 333-206677) 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.

 

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