FWP 1 n1827_x13-ioguidance.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: 10/23/19 08:03:25

Subject: NEW ISSUE CMBS: WFCM 2019-C53 *PUBLIC IO GUIDANCE*

 

WFCM 2019-C53 - PUBLIC NEW ISSUE

**IO GUIDANCE** $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($MM) PROCEEDS($MM) PRICE GUIDANCE
X-A AAA(sf)/AAAsf/Aaa(sf) 491.520 ~39.0 T+160A
X-B AA(low)(sf)/A-sf/NR 105.325 ~4.6 BWIC @ 1PM EST; SUGG'D TALK: T+150A

 

 

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

PRESALE REPORTS: TODAY

ANTICIPATED PRICING: WEEK OF OCTOBER 14, 2019

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.