1,092 deals

WFCM 2021-C59 - Charts and Resources

Data discoverability for CMBS deal WFCM 2021-C59 updated as of 2025-04-29.

2025-04-29

Deal Overview

Wells Fargo Commercial Mortgage Trust 2021-C59's issuance is a U.S. CMBS transaction issued from the WF shelf and backed by 64 commercial mortgage loans with an aggregate principal balance of 825.4 million at issuance, secured by the fee and leasehold interests in 114 properties across 29 U.S. states.
RoleParty
Rating AgenciesS&P, Fitch, KBRA
Master ServicerWells Fargo Bank, National Association
Operating AdvisorPentalpha Surveillance
DepositorWells Fargo Commercial Mortgage Securities, Inc.
Master ServicerTrimont Real Estate Advisors
Special ServicerArgentic Services Company LP
Certificate AdministratorComputershare Trust Company, N.A.
TrusteeWilmington Trust, National Association

Deal Metrics

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

Deal Overview

Original Trust Amount
$827,370,000
Current Trust Amount
$808,581,482
Number of Loans
64
Number of Properties
114
Average Loan Size
$12,927,656

Portfolio Characteristics

Weighted Average Interest Rate
4.0%
Weighted Average Term
117 months
Original Valuation
$11,131,425,000
Current Valuation
$11,084,305,000

Key Dates

Origination Date
4/9/2021
Latest Valuation
12/2/2022
Latest Transfer
3/21/2025
Latest Return
1/26/2024
Latest Modification
N/A

Special Servicing Status

Loans in Special Servicing
2
Special Servicing Balance
$27,358,928
Loans Returned to Master
1
Balance Returned
$23,813,696
Avg Time in Special Servicing
104 days
Avg Time to Return
470 days

Valuation Changes

Updated Valuations
3
Total Updated Value
$53,700,000
Value Change Amount
-$22,700,000
Value Change Percentage
-84.5%

Modifications

Number of Modifications
0
Modified Balance
N/A

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 2021-C59 - All States
2025-04-29

Fund Holdings

Explore a list of funds that include WFCM 2021-C59 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
Performance Trust Total Return Bond Fund2025-04-08Search FIGILookup LEIX-D, C, X-B$12,322,7932025-08-31
PGIM Core Bond Fund2025-03-25Search FIGILookup LEIA-3$5,170,5412025-07-31
Multi-Manager Total Return Bond Strategies Fund2025-04-24Search FIGILookup LEIX-A, C$3,429,8322025-08-31
Putnam Mortgage Opportunities Fund2025-01-28Search FIGILookup LEIX-A$1,599,8912025-05-31
iShares CMBS ETF2025-03-27Search FIGILookup LEIA-5, A-SB$1,278,2642025-10-31
iShares U.S. Securitized Bond Index Fund2025-03-27Search FIGILookup LEIA-SB$770,2732025-10-31
SPDR Portfolio Aggregate Bond ETF2024-11-25Search FIGILookup LEIA-5$617,8392025-06-30
MFS Global Opportunistic Bond Fund2025-04-24Search FIGILookup LEIX-A$601,6542025-11-30
PGIM Global Total Return (USD Hedged) Fund2025-03-27Search FIGILookup LEIA-3$523,9532025-10-31
PGIM Active Aggregate Bond ETF2025-04-22Search FIGILookup LEIA-3$308,7532025-08-31
PGIM ESG Short Duration Multi-Sector Bond Fund2025-03-27Search FIGILookup LEIA-4$172,1682025-10-31
Nuveen Securitized Credit Managed Accounts Portfolio2025-03-26Search FIGILookup LEIA-5$128,0382025-07-31
Fund NameTranchesIds
Performance Trust Total Return Bond Fund
$12,322,793
2025-08-31
X-D, C, X-BSearch FIGI
Lookup LEI
PGIM Core Bond Fund
$5,170,541
2025-07-31
A-3Search FIGI
Lookup LEI
Multi-Manager Total Return Bond Strategies Fund
$3,429,832
2025-08-31
X-A, CSearch FIGI
Lookup LEI
Putnam Mortgage Opportunities Fund
$1,599,891
2025-05-31
X-ASearch FIGI
Lookup LEI
iShares CMBS ETF
$1,278,264
2025-10-31
A-5, A-SBSearch FIGI
Lookup LEI
iShares U.S. Securitized Bond Index Fund
$770,273
2025-10-31
A-SBSearch FIGI
Lookup LEI
SPDR Portfolio Aggregate Bond ETF
$617,839
2025-06-30
A-5Search FIGI
Lookup LEI
MFS Global Opportunistic Bond Fund
$601,654
2025-11-30
X-ASearch FIGI
Lookup LEI
PGIM Global Total Return (USD Hedged) Fund
$523,953
2025-10-31
A-3Search FIGI
Lookup LEI
PGIM Active Aggregate Bond ETF
$308,753
2025-08-31
A-3Search FIGI
Lookup LEI
PGIM ESG Short Duration Multi-Sector Bond Fund
$172,168
2025-10-31
A-4Search FIGI
Lookup LEI
Nuveen Securitized Credit Managed Accounts Portfolio
$128,038
2025-07-31
A-5Search 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 2021-C59.

Monthly Remittance Report

2025-04-29

Final Prospectus

2021-05-05

Preliminary Prospectus

2021-04-19

Term Sheet

2021-04-19

Annex A

2021-04-19

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 2021-C59, giving insights into the current situation and actions being taken.

Asset transferred to special servicing, effective 12/11/24, due to Imminent Monetary Default. The loan remains current and is due for the April 2025 payment. Borrower indicated that due to the low occupancy at the Property, there is not sufficient cash flow to cover the operating expenses after debt service and conducted an initial capital call with their equity partners to address immediate outstanding accounts payable issues. Borrower and SS have been negotiating terms of a forbearance agreement. The parties appear to have come to an agreement on a majority of terms and counsel has been directed to begin documentation.

2025-04-29
8800 Baymeadows
Ted M. Sherman

Loan transferred to special servicing effective 3/21/2025 due to Imminent Monetary Default related to the closure of 3 out of 8 of the single-tenant properties that make up the portfolio. The Borrower is seeking to transition title to the Lender.

2025-04-29
Portfolio (8 Retail properties)
Richard J. Sabella
* 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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CREFC IRP standardized datasets

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