WFCM 2021-C59 - Charts and Resources
Data discoverability for CMBS deal WFCM 2021-C59 updated as of 2025-07-29.
2025-07-29
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.CIK
1851817
Rating AgenciesS&P, Fitch, KBRA
DepositorWells Fargo Commercial Mortgage Securities, Inc.
Master ServicerTrimont Real Estate Advisors
TrusteeWilmington Trust, National Association
Operating AdvisorPentalpha Surveillance
Special ServicerArgentic Services Company LP
Master ServicerWells Fargo Bank, National Association
Certificate AdministratorComputershare Trust Company, N.A.
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$827,370,000Current Trust Amount
$807,278,865Number of Loans
64Number of Properties
114Average Loan Size
$12,927,656Portfolio Characteristics
Weighted Average Interest Rate
4.0%Weighted Average Term
117 monthsOriginal Valuation
$11,131,425,000Current Valuation
$11,060,595,000Key Dates
Origination Date
4/9/2021Latest Valuation
2/13/2025Latest Transfer
3/21/2025Latest Return
1/26/2024Latest Modification
N/ASpecial Servicing Status
Loans in Special Servicing
2Special Servicing Balance
$27,280,597Loans Returned to Master
1Balance Returned
$23,698,479Avg Time in Special Servicing
201 daysAvg Time to Return
470 daysValuation Changes
Updated Valuations
4Total Updated Value
$63,500,000Value Change Amount
-$41,300,000Value Change Percentage
-150.0%Modifications
Number of Modifications
0Modified Balance
N/ADeal 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.
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.* 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.
* 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.
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.💬 Servicer Commentary
2025-07-29
Portfolio (8 Retail properties)
Richard J. Sabella
Prospectus ID: 24
Loan transferred to special servicing effective 3/21/2025 due to Imminent Monetary Default related to the bankruptcy and closure of multiple of the single-tenant properties that make up the portfolio. The Loan remains due for the March 2025 payment. Rite Aid filed Chapter 11 Bankruptcy on 10/15/2023 and 5/5/2025. As such, three portfolio tenants subsequently ceased to pay rent and vacated their respective properties. The special servicer has determined that only 3 of the 8 portfolio properties are open an d operating, there are delinquent taxes and utilities, and some properties are not being managed.The Borrower was sent a default notice, and the loan was accelerated. An ex parte federal complaint for receiver was filed in May 2025 and successfully grante d in June. The receiver is now working to gain access to the collateral properties to determine the extent of any condition issues and address critical items.
💬 Servicer Commentary
2025-07-29
8800 Baymeadows
Ted M. Sherman
Prospectus ID: 14
Asset transferred to special servicing, effective 12/11/24, due to Imminent Monetary Default, however, the loan remains payment current. Borrower indicated that due to the low occupancy at the Property, there is not sufficient cash flow to cover the opera ting expenses after debt service and conducted an initial capital call with their equity partners to address immediate outstanding accounts payable issues. Borrower and SS are working on documenting a modification agreement based
* 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.
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
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Access the underlying datasets used to power these analytics.
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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