| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-257991-12 | ||
| From: | Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 08/16/24 12:24:24 UTC-4:00 |
| Subject: | WFCM 2024-C63 **IO ANNOUNCEMENT/GUIDANCE** PUBLICS |
WFCM 2024-C63 **Public IO Announcement/Guidance**
| Co-Lead Managers & Bookrunners: | Wells Fargo Securities, Goldman Sachs & Co. LLC, J.P. Morgan and Société Générale |
| Co-Managers: | Academy Securities, Drexel Hamilton and Siebert Williams Shank |
Publicly Offered Certificates
| Class | (Fitch/KBRA/Moody's) | Available Size ($MM) | Proceeds | Guidance |
| X-A | AAAsf/AAA(sf)/Aaa(sf) | $481.530 | ~$37.529+MM | J+165A |
| X-B | A-sf/AAA(sf)/NR | $147.039 | ~$5.287+MM | J+150A <- Auction |
Bids due at 10AM ET
MONDAY 8/19
| POOL BALANCE: | $713,960,139 |
| NUMBER OF LOANS/PROPERTIES: | 30 / 30 |
| WA MORTGAGE INT. RATE: | 6.3267% |
| WA CUT-OFF LTV: | 45.7% |
| WA UW NCF DSCR: | 2.52x |
| WA UW NOI DEBT YLD: | 17.4% |
| WA ORIG TERM TO MATURITY: | 117 |
| TEN LARGEST LOANS: | 68.8% |
| LOAN SELLERS: | WFB (40.9%), AREF2 (19.3%), JPMCB (17.8%), NCB (11.9%), GSMC (7.0%), SGFC (3.1%) |
| TOP 5 STATES: | NY (29.2%), CA (16.8%), TX (12.4%), AZ (8.8%), SC (8.4%) |
| TOP 5 PROPERTY TYPES: | RT (26.9%), HT (23.2%), MF (16.8%), OF (16.5%), IN (9.1%) |
| RISK RETENTION: | L-shape |
| MASTER SERVICERS: | Wells Fargo Bank, National Association and National Cooperative Bank, N.A. |
| SPECIAL SERVICERS: | Argentic Services Company LP and National Cooperative Bank, N.A. |
| TRUSTEE: | Computershare Trust Company, National Association |
| CERT ADMIN: | Computershare Trust Company, National Association |
| OPERATING ADVISOR: | Park Bridge Lender Services LLC |
| INITIAL CONTROLLING CLASS REP: | Argentic Securities Holdings 2 Cayman Limited, an affiliate of Argentic Real Estate Finance 2 LLC and Argentic Services Company LP |
| TIMING | |
| ANTICIPATED PRICING: | Week of August 19, 2024 |
| ANTICIPATED SETTLEMENT: | August 29, 2024 |
| THIRD PARTY PASSWORDS: | |
| Bloomberg: | |
| Dealname: | WFCM 2024-C63 |
| Password: | WFCM24C63 |
| Trepp: | |
| Dealname: | WFCM 2024-C63 |
| Password: | WFCM24C63 |
| Intex: | |
| Dealname: | WFC24C63 |
| Password: | aqdih8oq0o29ohckz |
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. 333-257991) 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.