FWP 1 n4362_x16-iolaunch.htm FWP

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-257991-11

 

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 07/16/24 14:28:54 UTC-4:00
Subject: WFCM 2024-5C1 **IO LAUNCH** PUBLICS

WFCM 2024-5C1 **Public IO LAUNCH**

Co-Lead Managers & Bookrunners: Wells Fargo Securities, Citigroup, Goldman Sachs & Co. LLC, UBS Securities
Co-Managers: Academy Securities, Inc., Drexel Hamilton and Siebert Williams Shank

 

Publicly Offered Certificates

 

 

Class Expected Ratings (Fitch/KBRA/Moody's) Available Size($MM) Proceeds LAUNCH
X-A AAAsf/AAA(sf)/Aaa(sf) $500.779 ~$24.77+MM T+115

 

POOL BALANCE: $731,866,360
NUMBER OF LOANS/PROPERTIES: 32 / 48
WA MORTGAGE INT. RATE: 6.9082%
WA CUT-OFF LTV: 58.6%
WA UW NCF DSCR: 1.53x
WA UW NOI DEBT YLD: 11.9%
WA ORIG TERM TO MATURITY: 60
TEN LARGEST LOANS: 61.8%
LOAN SELLERS: WFB (31.5%), AREF2 (24.9%), CREFI (14.7%), LMF (9.2%), GSMC (8.4%), UBS AG (5.8%), BSPRT (5.5%)
TOP 5 STATES: TX (19.8%), NY (19.2%), CA (11.4%), NJ (6.8%), MN (6.5%)
TOP 5 PROPERTY TYPES: MF (44.2%), OF (21.0%), MU (15.2%), HT (9.9%), RT (5.0%)
   
RISK RETENTION: L-shape
   
MASTER SERVICER: Wells Fargo Bank, National Association
SPECIAL SERVICER: Argentic Services Company LP
TRUSTEE: Computershare Trust Company, National Association
CERT ADMIN: Computershare Trust Company, National Association
OPERATING ADVISOR: Pentalpha Surveillance 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
TIMING
ANTICIPATED PRICING: TODAY
ANTICIPATED SETTLEMENT: July 25, 2024
   
THIRD PARTY PASSWORDS:
Bloomberg:
Dealname: WFCM 2024-5C1
Password: WF20245C1
   
Trepp:
Dealname: WFCM 2024-5C1
Password: WF20245C1
   
Intex:
Dealname: WFC245C1
Password: 6l11edejv3q7fv0vz

 

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: https://www.wellsfargo.com/com/disclaimer/wfsjb4. This chat will be retained and may be monitored.