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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