0001539497-18-001156.txt : 20180718 0001539497-18-001156.hdr.sgml : 20180718 20180718173014 ACCESSION NUMBER: 0001539497-18-001156 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180718 DATE AS OF CHANGE: 20180718 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK 2018-BNK13 CENTRAL INDEX KEY: 0001744707 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-206677-26 FILM NUMBER: 18959078 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] 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 n1311_x9-ipt.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-206677-26

BANK 2018-BNK13 - PUBLIC NEW ISSUE

**IPTs** $801.676MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS
& JOINT BOOKRUNNERS:	WELLS FARGO SECURITIES, LLC
	MORGAN STANLEY & CO. LLC
	BOFA MERRILL LYNCH

CO-MANAGER:	ACADEMY SECURITIES, INC.
	DREXEL HAMILTON

OFFERED CERTIFICATES - PUBLIC

CLASS	DBRS/FITCH/S&P	SIZE($MM)	C/E	WAL	IPTs
A-1	AAA(sf)/AAAsf/AAA(sf)	63.326	30.000%	2.49	IS+ 30A
A-2	AAA(sf)/AAAsf/AAA(sf)	73.996	30.000%	4.84	IS+ 43A
A-3	AAA(sf)/AAAsf/AAA(sf)	9.903	30.000%	8.75	Flat to A5
A-SB	AAA(sf)/AAAsf/AAA(sf)	35.858	30.000%	6.74	IS+ 73A
A-4*	AAA(sf)/AAAsf/AAA(sf)	200.000	30.000%	9.78	A5 - 2
A-5*	AAA(sf)/AAAsf/AAA(sf)	244.803	30.000%	9.90	IS+ 87A
A-S	AAA(sf)/AAAsf/AA+(sf)	86.334	20.375%	9.95	IS+ 110A
B	AA(sf)/AA-sf/AA-(sf)	49.334	14.875%	9.95	IS+ 125A
C	A(low)(sf)/A-sf/NR	38.122	10.625%	9.95	IS+ 160A

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

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS	DBRS/FITCH/S&P	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
X-D	BBB(sf)/BBB-sf/NR	41.485	N/A	N/A	N/A	N/A
D	BBB(low)(sf)/BBB-sf/NR	41.485	6.000%	9.99	51.2%	14.1%

NON-OFFERED ELIGIBLE VERTICAL INTEREST

CLASS	DBRS/FITCH/S&P	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
RR	NR/NR/NR	47.209	N/A	8.81	N/A	N/A

COLLATERAL SUMMARY


INITIAL POOL BALANCE:	$944,189,953
NUMBER OF LOANS:	62
NUMBER OF PROPERTIES:	80
WA CUT-OFF LTV:	54.4%
WA BALLOON LTV:	48.3%
WA U/W NCF DSCR:	2.28x
WA U/W NOI DEBT YIELD:	13.3%
WA MORTGAGE RATE:	4.557%
TOP TEN LOANS %:	57.2%
WA REM TERM TO MATURITY (MOS):	110
WA REM AMORTIZATION TERM (MOS):	299
WA SEASONING (MOS):	2

LOAN SELLERS:	MSMCH(31.7%), BANA(31.3%), WFB(29.9%), NCB(7.1%)

TOP 3 PROPERTY TYPES:	OFFICE(37.7%), RETAIL(34.6%), MULTIFAMILY(11.1%)

TOP 5 STATES:	NY(29.0%), CA(11.7%), FL(10.5%), NV(7.2%), OH(5.9%)

MASTER SERVICERS:	WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.

SPECIAL SERVICERS:	TORCHLIGHT LOAN SERVICES, LLC AND NATIONAL COOPERATIVE BANK, N.A.

DIRECTING CERTIFICATEHOLDER:	TORCHLIGHT INVESTORS, LLC

DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PROSPECTUS:	ATTACHED
PRESALE REPORTS:	TODAY & TOMORROW
ANTICIPATED PRICING:	WEEK OF JULY 23, 2018
ANTICIPATED SETTLEMENT:	AUGUST 2, 2018

ROADSHOW
HARTFORD, BREAKFAST:	WED, 7/18 @ 8:30AM ET, MAX DOWNTOWN RESTAURANT
BOSTON, LUNCH:	WED, 7/18 @ 12:00PM ET, RITZ CARLTON
MINNEAPOLIS, BREAKFAST:	THURS, 7/19 @ 7:30AM CT, KIMPTON GRAND HOTEL
DES MOINES, LUNCH:	THURS, 7/19 @ 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. 333-206677) 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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