1,106 deals

WFCM 2019-C54 - Charts and Resources

Data discoverability for CMBS deal WFCM 2019-C54 updated as of 2025-05-29.

2025-05-29

Deal Overview

Wells Fargo Commercial Mortgage Trust 2019-C54's issuance is a U.S. CMBS transaction issued from the WF shelf and backed by 46 commercial mortgage loans with an aggregate principal balance of 669.7 million at issuance, secured by the fee and leasehold interests in 99 properties across 30 U.S. states.
RoleParty
Rating AgenciesS&P, Fitch, KBRA
Controlling ClassArgentic Securities Holdings Cayman Limited or an affiliate
DepositorWells Fargo Commercial Mortgage Securities, Inc.
Certificate AdministratorComputershare Trust Company, N.A.
TrusteeWilmington Trust, National Association
Special ServicerArgentic Services Company LP
Operating AdvisorPark Bridge Lender Services
Certificate AdministratorWells Fargo Bank, N.A.
Master ServicerTrimont Real Estate Advisors
Master ServicerWells Fargo Bank, National Association

Deal Metrics

Key performance indicators and statistics tracking the deal's current status and history.

Deal Overview

Original Trust Amount
$669,973,250
Current Trust Amount
$622,467,769
Number of Loans
46
Number of Properties
99
Average Loan Size
$14,564,636

Portfolio Characteristics

Weighted Average Interest Rate
3.9%
Weighted Average Term
117 months
Original Valuation
$2,347,805,000
Current Valuation
$2,251,580,000

Key Dates

Origination Date
10/25/2019
Latest Valuation
8/4/2020
Latest Transfer
4/15/2025
Latest Return
3/6/2025
Latest Modification
12/20/2024

Special Servicing Status

Loans in Special Servicing
1
Special Servicing Balance
$27,600,000
Loans Returned to Master
2
Balance Returned
$37,500,000
Avg Time in Special Servicing
51 days
Avg Time to Return
355 days

Valuation Changes

Updated Valuations
0
Total Updated Value
$32,370,000
Value Change Amount
N/A
Value Change Percentage
N/A

Modifications

Number of Modifications
3
Modified Balance
$52,222,037

Deal Charts

Visual analytics and interactive charts showing the deal's performance over time. Track key metrics like balance, delinquency rates, and special servicing status through interactive visualizations.

Geographic Distribution - WFCM 2019-C54 - All States
2025-05-29

Fund Holdings

Explore a list of funds that include WFCM 2019-C54 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
PGIM Total Return Bond Fund2025-03-27Search FIGILookup LEIA-3$38,594,3642025-10-31
Baird Aggregate Bond Fund2025-05-20Search FIGILookup LEIA-4$28,422,7952025-12-31
Baird Intermediate Bond Fund2025-05-20Search FIGILookup LEIA-4$13,579,7162025-12-31
Fidelity Series Bond Index Fund2025-04-25Search FIGILookup LEIA-4$7,875,2362025-08-31
VANGUARD TOTAL BOND MARKET INDEX FUND2025-05-28Search FIGILookup LEIA-4$5,947,2192025-12-31
VANGUARD TOTAL BOND MARKET II INDEX FUND2025-05-28Search FIGILookup LEIA-4$4,628,7102025-12-31
American Balanced Fund2025-05-29Search FIGILookup LEIA-4$3,725,3202025-12-31
Bond Fund of America2025-05-29Search FIGILookup LEIA-4$3,623,0782025-12-31
Income Fund of America2024-12-27Search FIGILookup LEIA-4$2,202,8892025-07-31
American Funds Strategic Bond Fund2025-05-29Search FIGILookup LEIC$2,111,1052025-12-31
Fidelity U.S. Bond Index Fund2025-04-25Search FIGILookup LEIA-4$1,701,6162025-08-31
American Funds Multi-Sector Income Fund2025-05-29Search FIGILookup LEIC$1,633,9952025-12-31
The Bond Fund of America2025-05-29Search FIGILookup LEIA-4$947,1312025-12-31
BNY Mellon Core Bond ETF2025-03-25Search FIGILookup LEIA-4$547,9312025-10-31
VANGUARD ULTRA-SHORT BOND ETF2025-05-28Search FIGILookup LEIA-SB$505,5022025-12-31
Fidelity Flex U.S. Bond Index Fund2025-04-25Search FIGILookup LEIA-4$463,2492025-08-31
Fidelity Investment Grade Securitized ETF2025-04-25Search FIGILookup LEIA-SB$452,2542025-08-31
Active Bond Trust2025-05-29Search FIGILookup LEIA-3$443,0472025-12-31
Columbia Short Duration Bond ETF2025-03-27Search FIGILookup LEIA-4$228,5022025-10-31
Fidelity Series Investment Grade Securitized Fund2025-04-25Search FIGILookup LEIX-A$182,3862025-08-31
Core Fixed Income Fund2025-01-28Search FIGILookup LEIA-4$165,6982025-08-31
TOTAL BOND MARKET INDEX PORTFOLIO2025-05-28Search FIGILookup LEIA-4$92,8532025-12-31
ActivePassive Core Bond ETF2025-04-22Search FIGILookup LEIA-4$92,8262025-08-31
Fidelity Sustainability Bond Index Fund2025-04-25Search FIGILookup LEIA-4$92,6502025-08-31
Small-Cap Plus Bond Alpha Portfolio2025-05-28Search FIGILookup LEIA-SB$53,2312025-12-31
International Equity Plus Bond Alpha Portfolio2025-05-28Search FIGILookup LEIA-SB$53,2312025-12-31
QQQ Plus Bond Alpha Portfolio2025-05-28Search FIGILookup LEIA-SB$53,2312025-12-31
Bond Plus Portfolio2025-05-28Search FIGILookup LEIA-SB$53,2312025-12-31
Large-Cap Plus Bond Alpha Portfolio2025-05-28Search FIGILookup LEIA-SB$53,2312025-12-31
Fund NameTranchesIds
PGIM Total Return Bond Fund
$38,594,364
2025-10-31
A-3Search FIGI
Lookup LEI
Baird Aggregate Bond Fund
$28,422,795
2025-12-31
A-4Search FIGI
Lookup LEI
Baird Intermediate Bond Fund
$13,579,716
2025-12-31
A-4Search FIGI
Lookup LEI
Fidelity Series Bond Index Fund
$7,875,236
2025-08-31
A-4Search FIGI
Lookup LEI
VANGUARD TOTAL BOND MARKET INDEX FUND
$5,947,219
2025-12-31
A-4Search FIGI
Lookup LEI
VANGUARD TOTAL BOND MARKET II INDEX FUND
$4,628,710
2025-12-31
A-4Search FIGI
Lookup LEI
American Balanced Fund
$3,725,320
2025-12-31
A-4Search FIGI
Lookup LEI
Bond Fund of America
$3,623,078
2025-12-31
A-4Search FIGI
Lookup LEI
Income Fund of America
$2,202,889
2025-07-31
A-4Search FIGI
Lookup LEI
American Funds Strategic Bond Fund
$2,111,105
2025-12-31
CSearch FIGI
Lookup LEI
Fidelity U.S. Bond Index Fund
$1,701,616
2025-08-31
A-4Search FIGI
Lookup LEI
American Funds Multi-Sector Income Fund
$1,633,995
2025-12-31
CSearch FIGI
Lookup LEI
The Bond Fund of America
$947,131
2025-12-31
A-4Search FIGI
Lookup LEI
BNY Mellon Core Bond ETF
$547,931
2025-10-31
A-4Search FIGI
Lookup LEI
VANGUARD ULTRA-SHORT BOND ETF
$505,502
2025-12-31
A-SBSearch FIGI
Lookup LEI
Fidelity Flex U.S. Bond Index Fund
$463,249
2025-08-31
A-4Search FIGI
Lookup LEI
Fidelity Investment Grade Securitized ETF
$452,254
2025-08-31
A-SBSearch FIGI
Lookup LEI
Active Bond Trust
$443,047
2025-12-31
A-3Search FIGI
Lookup LEI
Columbia Short Duration Bond ETF
$228,502
2025-10-31
A-4Search FIGI
Lookup LEI
Fidelity Series Investment Grade Securitized Fund
$182,386
2025-08-31
X-ASearch FIGI
Lookup LEI
Core Fixed Income Fund
$165,698
2025-08-31
A-4Search FIGI
Lookup LEI
TOTAL BOND MARKET INDEX PORTFOLIO
$92,853
2025-12-31
A-4Search FIGI
Lookup LEI
ActivePassive Core Bond ETF
$92,826
2025-08-31
A-4Search FIGI
Lookup LEI
Fidelity Sustainability Bond Index Fund
$92,650
2025-08-31
A-4Search FIGI
Lookup LEI
Small-Cap Plus Bond Alpha Portfolio
$53,231
2025-12-31
A-SBSearch FIGI
Lookup LEI
International Equity Plus Bond Alpha Portfolio
$53,231
2025-12-31
A-SBSearch FIGI
Lookup LEI
QQQ Plus Bond Alpha Portfolio
$53,231
2025-12-31
A-SBSearch FIGI
Lookup LEI
Bond Plus Portfolio
$53,231
2025-12-31
A-SBSearch FIGI
Lookup LEI
Large-Cap Plus Bond Alpha Portfolio
$53,231
2025-12-31
A-SBSearch FIGI
Lookup LEI
* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.

Deal Documents

Links to the deal documents for WFCM 2019-C54.

Monthly Remittance Report

2025-05-29

Final Prospectus

2019-12-03

Term Sheet

2019-11-04

Annex A

2019-10-31

Recent Commentary

Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for WFCM 2019-C54, giving insights into the current situation and actions being taken.

On December 20, 2024, a Loan Modification and Reinstatement Agreement was executed which resolves the Events of Default in connection with the terminated major lease, the replacement major lease, and results in a $6,000,000 (19.7% of UPB) paydown of the loan principal with Borrower remitting $2,987,804 in lease termination proceeds to Lender. The Loan is now performing and pending return to MS.

2025-03-04
Portfolio (2 Office properties)
Simeon Derenshteyn

Loan transferred to special servicing on 4/15/2025 due to Payment default. The loan is delinquent and remains past due for the Feb 2025 payment. A notice of default and acceleration was issued by counsel on 4/23/2025. Additionally, the Borrower has not be en fully complying the cash management provisions in the loan documents as rents are not flowing through the DACA account. The Borrower has indicated that internal issues with their accounting department has caused the payment delinquency issues and there are no performance issues with the Property. Borrower has informed the Special Servicer that they intend to bring the loan current as well as comply with the cash management provisions in the near term.

2025-05-29
Takoma Metro Center
Norman Jemal
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.

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CMBS Fund Holdings Dataset

Filing data from sec.gov NPORT-P to produce the Fund Holdings table.

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