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Wells Fargo Commercial Mortgage Trust 2021-C60

Filed: 16 Jul 21, 2:32pm

  FREE WRITING PROSPECTUS
  FILED PURSUANT TO RULE 433
  REGISTRATION FILE NO.: 333-226486-21
   

 

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 07/16/21 11:26:21

To: [REDACTED] (WELLS FARGO SECURITI )
Subject: NEW ISSUE CMBS: WFCM 2021-C60 *PUBLIC LAUNCH*

WFCM 2021-C60 - PUBLIC NEW ISSUE

**LAUNCH** $645.696 MM FIXED-RATE CMBS OFFERING

 

CO-LEAD MANAGERS 
& JOINT BOOKRUNNERS:    WELLS FARGO SECURITIES, LLC
 CREDIT SUISSE SECURITIES (USA) LLC
 UBS SECURITIES LLC
  
CO-MANAGERS:ACADEMY SECURITIES, INC.
 DREXEL HAMILTON, LLC
 SIEBERT WILLIAMS SHANK & CO., LLC

 

CLASSDBRSM/FITCH/MOODY'SSIZE ($MM)C/EWALCUM LTVNOI DYLAUNCH
A-1AAA(sf)/AAA(sf)/Aaa(sf)17.65930.000%2.6241.4%14.2%IS+28
A-2AAA(sf)/AAA(sf)/Aaa(sf)45.56930.000%4.9241.4%14.2%IS+55
A-SBAAA(sf)/AAA(sf)/Aaa(sf)24.45830.000%7.2341.4%14.2%IS+58
A-3AAA(sf)/AAA(sf)/Aaa(sf)121.00030.000%9.1441.4%14.2%IS+70
A-4AAA(sf)/AAA(sf)/Aaa(sf)315.35730.000%9.8541.4%14.2%IS+72
X-AAAA(sf)/AAA(sf)/Aaa(sf)524.043N/AN/AN/AN/A 
X-BAA(sf)/A-(sf)/NR121.653N/AN/AN/AN/A 
A-SAAA(sf)/AAA(sf)/Aa1(sf)58.01922.250%9.9645.9%12.8%IS+92
BAAA(sf)/AA-(sf)/NR34.62417.625%9.9648.7%12.1%IS+110
CAA(low)(sf)/A-(sf)/NR29.01013.750%9.9651.0%11.5%IS+145
NON-OFFERED       
X-DAA(low)(sf)/BBB+(sf)/NR11.192N/AN/AN/AN/A 
DA(high)(sf)/BBB+(sf)/NR11.19212.255%9.9651.9%11.3% 

 

COLLATERAL SUMMARY

 

INITIAL POOL BALANCE:$748,633,043
NUMBER OF LOANS:61
NUMBER OF PROPERTIES:107
WA CUT-OFF LTV:59.1%
WA BALLOON LTV:55.3%
WA U/W NCF DSCR:2.32x
WA U/W NOI DEBT YIELD:10.0%
WA MORTGAGE RATE:3.766%
TOP TEN LOANS %:46.5%
WA REM TERM TO MATURITY (MOS):114
WA REM AMORTIZATION TERM (MOS):   356
WA SEASONING (MOS):2
  
LOAN SELLERS:LMF(30.2%), WFB(24.2%), COLUMN(13.7%), UBS AG(11.9%), BSPRT(10.1%), LCF(9.8%)
  
TOP 3 PROPERTY TYPES:RETAIL(28.5%), MULTIFAMILY(23.0%), INDUSTRIAL(15.5%)
  
TOP 5 STATES:NY(20.8%), CA(18.1%), AZ(9.2%), PA(9.2%), IL(5.5%)
  
MASTER SERVICER:WELLS FARGO BANK, NATIONAL ASSOCIATION
  
SPECIAL SERVICER:MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION
  
DIRECTING CERTIFICATEHOLDER:KKR REAL ESTATE CREDIT OPPORTUNITY PARTNERS II L.P.

 

DOCUMENTS & TIMING

TERM SHEET, ANNEX A-1:ATTACHED
PRELIM PROSPECTUS:TODAY
PRESALE REPORTS:AVAILABLE
ANTICIPATED PRICING:TODAY AT 1PM EST
ANTICIPATED SETTLEMENT:JULY 29, 2021
  
THIRD PARTY PASSWORDS      
BBG: 
Dealname:WFCM 2021-C60
Password:2021C60
  
Intex: 
Dealname:WFC21C60
Password:8ehrioctlqt652g5z
  
Trepp: 
Dealname:WFCM 2021-C60
Password:2021C60
  
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.