0001539497-18-001333.txt : 20180810 0001539497-18-001333.hdr.sgml : 20180810 20180810171008 ACCESSION NUMBER: 0001539497-18-001333 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180810 DATE AS OF CHANGE: 20180810 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2018-C46 CENTRAL INDEX KEY: 0001748940 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: 333-206677-27 FILM NUMBER: 181009651 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 n1331_x12-publicpricing.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: 08/10/18 16:15:44

WFCM 2018-C46 - PUBLIC NEW ISSUE

**PRICING DETAILS** $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	SPD	YLD%	CPN%	$PRICE
A-1	AAAsf/AAA(sf)/Aaa(sf)	14.029	30.000%	2.60	+30	3.1285	3.1570	99.99760
A-2	AAAsf/AAA(sf)/Aaa(sf)	147.143	30.000%	4.82	+50	3.3720	4.0580	102.99690
A-SB	AAAsf/AAA(sf)/Aaa(sf)	24.040	30.000%	7.40	+73	3.6244	4.0860	103.00000
A-3	AAAsf/AAA(sf)/Aaa(sf)	115.000	30.000%	9.74	+85	3.7761	3.8880	100.99970
A-4	AAAsf/AAA(sf)/Aaa(sf)	184.264	30.000%	9.88	+87	3.7983	4.1520	102.99830
A-S	AAAsf/AAA(sf)/Aa2(sf)	56.234	21.875%	9.96	+110	4.0295	4.3820	102.99740
B	AA-sf/AA-(sf)/NR	31.145	17.375%	9.96	+135	4.2795	4.6330	102.99400
C	A-sf/A-(sf)/NR	32.010	12.750%	9.96	+200	4.9295	5.1456	101.10820

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS	FITCH/KBRA/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
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

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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