0001539497-19-001747.txt : 20191022 0001539497-19-001747.hdr.sgml : 20191022 20191022144042 ACCESSION NUMBER: 0001539497-19-001747 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20191022 DATE AS OF CHANGE: 20191022 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2019-C53 CENTRAL INDEX KEY: 0001789356 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: 333-226486-09 FILM NUMBER: 191161422 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 n1827_x10-publiclaunch.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226486-09

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI)

At: 10/22/19 11:36:29
Subject: NEW ISSUE CMBS: WFCM 2019-C53 *PUBLIC LAUNCH*

WFCM 2019-C53 - PUBLIC NEW ISSUE
**LAUNCH** $596.845 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	DBRS/FITCH/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY	LAUNCH
A-1	AAA(sf)/AAAsf/Aaa(sf)	20.689	30.000%	2.97	43.7%	14.0%	+42
A-2	AAA(sf)/AAAsf/Aaa(sf)	45.608	30.000%	4.94	43.7%	14.0%	+65
A-SB	AAA(sf)/AAAsf/Aaa(sf)	33.381	30.000%	7.08	43.7%	14.0%	+86
A-3*	AAA(sf)/AAAsf/Aaa(sf)	131.000	30.000%	9.75	43.7%	14.0%	+96
A-4*	AAA(sf)/AAAsf/Aaa(sf)	260.842	30.000%	9.90	43.7%	14.0%	+98
A-S	AAA(sf)/AAAsf/Aa1(sf)	29.842	25.750%	9.94	46.4%	13.2%	+126
B	AAA(sf)/AA-sf/NR	36.864	20.500%	9.94	49.7%	12.3%	+145
C	A(high)(sf)/A-sf/NR	38.619	15.000%	9.94	53.1%	11.5%	+187

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

NON-OFFERED CERTIFICATES - PRIVATE (144A)

CLASS	DBRS/FITCH/MDYS	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
X-D	A(sf)/BBB-sf/NR	26.322	N/A	N/A	N/A	N/A
D	A(low)(sf)/BBB-sf/NR	26.322	11.250%	9.94	55.4%	11.0%

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$702,171,519
NUMBER OF LOANS:	58
NUMBER OF PROPERTIES:	85
WA CUT-OFF LTV:	62.5%
WA BALLOON LTV:	56.8%
WA U/W NCF DSCR:	1.97x
WA U/W NOI DEBT YIELD:	9.8%
WA MORTGAGE RATE:	3.961%
TOP TEN LOANS %:	52.3%
WA REM TERM TO MATURITY (MOS):	115
WA REM AMORTIZATION TERM (MOS):	356
WA SEASONING (MOS):	2

LOAN SELLERS:	RMF(30.8%), BARCLAYS(23.2%), WFB(20.8%), LCF(13.6%), CIII(11.7%)

TOP 3 PROPERTY TYPES:	OFFICE(25.9%), RETAIL(19.9%), SELF STORAGE(11.6%)

TOP 5 STATES:	NY(13.2%), PA(12.9%), NJ(10.6%), CA(10.4%), TX(9.5%)

MASTER SERVICER:	WELLS FARGO BANK, NATIONAL ASSOCIATION

SPECIAL SERVICER:	MIDLAND LOAN SERVICES

DIRECTING CERTIFICATEHOLDER:	KKR REAL ESTATE CREDIT OPPORTUNITY PARTNERS II L.P.

DOCUMENTS & TIMING
TERM SHEET, ANNEX A-1:	ATTACHED
PRELIM PROSPECTUS:	ATTACHED
ANTICIPATED PRICING:	TODAY @ 1PM EST
ANTICIPATED SETTLEMENT:	NOVEMBER 7, 2019
THIRD PARTY PASSWORDS:
Name PW
BBG/Trepp WFCM 2019-C53 WFCM19C53
Intex WFC19C53 8hablhb1njs7vmq5

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.