FWP 1 n1700_x12-publicguidance.htm FREE WRITING PROSPECTUSE

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226486-07
     

 

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 07/24/19 08:28:31

Subject: NEW ISSUE CMBS: BANK 2019-BNK19 *PUBLIC IO GUIDANCE*

 

BANK 2019-BNK19 - PUBLIC NEW ISSUE
**IO GUIDANCE** $1,115.158MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS

& JOINT BOOKRUNNERS: WELLS FARGO SECURITIES, LLC
  BOFA SECURITIES, INC.
  MORGAN STANLEY & CO. LLC
CO-MANAGER: ACADEMY SECURITIES, INC.
  DREXEL HAMILTON, LLC

 
OFFERED CERTIFICATES - PUBLIC

CLASS  FITCH/KBRA/S&P SIZE($MM) PROCEEDS($MM)  PX GUIDANCE
X-A  AAAsf/AAA(sf)/AAA(sf) 866.142 ~67.8 T+130A
X-B A-sf/AAA(sf)/A-(sf) 249.016 ~9.8 BIDS DUE @ 12PM; SUGG TALK: T+115A


COLLATERAL SUMMARY

 

INITIAL POOL BALANCE: $1,302,470,080
NUMBER OF LOANS: 73
NUMBER OF PROPERTIES: 76
WA CUT-OFF LTV: 56.3%
WA BALLOON LTV: 52.6%
WA U/W NCF DSCR: 2.82x
WA U/W NOI DEBT YIELD: 13.3%
WA MORTGAGE RATE: 4.055%
TOP TEN LOANS %: 54.2%
WA REM TERM TO MATURITY (MOS): 118
WA REM AMORTIZATION TERM (MOS): 367
WA SEASONING (MOS): 2

LOAN SELLERS: WFB(38.2%), BANA(27.8%), MSMCH(27.3%), NCB(6.7%)
   
TOP 3 PROPERTY TYPES: OFFICE(51.2%), RETAIL(23.4%), HOSPITALITY(10.8%)
   
TOP 5 STATES: CA(25.2%), NY(21.2%), FL(10.7%), NJ(9.6%), NV(7.7%)
   
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
   
SPECIAL SERVICERS: LNR PARTNERS, LLC AND NATIONAL COOPERATIVE BANK, N.A.
   
DIRECTING CERTIFICATEHOLDER: SEER CAPITAL COMMERCIAL REAL ESTATE DEBT FUND II, LTD.


 

DOCUMENTS & TIMING

TERM SHEET, ANNEX A-1: ATTACHED
PROSPECTUS: ATTACHED
ANTICIPATED PRICING: THIS AFTERNOON
ANTICIPATED SETTLEMENT: AUGUST 8, 2019

 


ROADSHOW

HARTFORD, BREAKFAST: WED, 7/17 @ 8:30AM ET, MAX DOWNTOWN RESTAURANT
BOSTON, LUNCH: WED, 7/17 @ 12:00PM ET, THE FAIRMONT COPLEY PLAZA HOTEL
MINNEAPOLIS, BREAKFAST: THURS, 7/18 @ 7:30AM CT, THE MARQUETTE HOTEL
DES MOINES, LUNCH: THURS, 7/18 @ 1:00PM CT, THE DES LUX HOTEL
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. 333-226486) 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.