FWP 1 n1718_pricing-x12.htm FREE WRITING PROSPECTUSE

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226486-08
     

NEW ISSUE CMBS: WFCM 2019-C52 *PUBLIC PRICING DETAILS* (Updated Class C C/E)

 

WFCM 2019-C52 - PUBLIC PRICING DETAILS
**PRICING DETAILS** $804.589 MM FIXED-RATE CMBS OFFERING

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

 


OFFERED CERTIFICATES - PUBLIC

CLASS  FITCH/KBRA/MDYS SIZE($MM) C/E  WAL  SPD YLD% CPN% $PRICE
A-1 AAAsf/AAA(sf)/Aaa(sf) 26.626 30.000% 2.67 +44 1.9655 1.987 99.99880
A-2 AAAsf/AAA(sf)/Aaa(sf) 43.907 30.000% 4.85 +60 2.0722 2.736 102.99800
A-3 AAAsf/AAA(sf)/Aaa(sf) 28.568 30.000% 6.94 +93 2.4711 2.631 100.99740
A-SB AAAsf/AAA(sf)/Aaa(sf) 47.444 30.000% 7.39 +83 2.3848 2.833 102.99650
A-4 AAAsf/AAA(sf)/Aaa(sf) 177.000 30.000% 9.79 +91 2.5299 2.643 100.99200
A-5 AAAsf/AAA(sf)/Aaa(sf) 306.623 30.000% 9.91 +93 2.5505 2.892 102.99420
A-S AAAsf/AAA(sf)/Aa3(sf) 93.400 19.625% 9.99 +118 2.8009 3.143 102.99800
B AA-sf/AA-(sf)/NR 45.012 14.625% 9.99 +141 3.0309 3.375 102.99620
C A-sf/A-(sf)/NR 34.254 10.820% 9.99 +195 3.5709 3.561 99.99880


 

COLLATERAL SUMMARY

INITIAL POOL BALANCE: $900,240,222
NUMBER OF LOANS: 67
NUMBER OF PROPERTIES: 126
WA CUT-OFF LTV: 61.6%
WA BALLOON LTV: 55.8%
WA U/W NCF DSCR: 2.14x
WA U/W NOI DEBT YIELD: 11.5%
WA MORTGAGE RATE: 4.399%
TOP TEN LOANS %: 39.2%
WA REM TERM TO MATURITY (MOS): 115
WA REM AMORTIZATION TERM (MOS): 357
WA SEASONING (MOS): 1
   
LOAN SELLERS: AREF(21.8%), RMF(17.4%), BARCLAYS(16.6%),
  LCF(15.6%), BSPRT(14.6%), WFB(14.1%)
   
TOP 3 PROPERTY TYPES: OFFICE(35.0%), RETAIL(20.6%),
  INDUSTRIAL(13.9%)
   
TOP 5 STATES: CA(23.8%), TX(8.7%), GA(8.6%),
  FL(7.8%), MI(6.3%)
   
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
ANTICIPATED SETTLEMENT: AUGUST 20, 2019
   
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.