Wells Fargo Commercial Mortgage Trust 2018-C46

Tranches, pool and monthly delinquency indicator for Wells Fargo Commercial Mortgage Trust 2018-C46.

Data as of loan data through September 2026; ratings as held in the dataset at build

Current pool balance: $692.1M (August 2018)
Original pool balance: $692.1M
Loans at issuance: 49
Closing date: 2018-08-28
Weighted average coupon at issuance: 5.00%
Weighted average LTV at issuance: 48.8%
30+ delinquent (latest): 0.00%
Realized stress score: 0.0
Net rating change since issuance: +0.12 notches

Tranches

Class	Original balance	Credit support (computed)	Coupon	CUSIP	Fitch	KBRA	S&P	Moody's	DBRS
A-1	$14.0M	97.97%	3.157% fixed	95001QAQ4	PIF	WR	not yet reported	WR	not yet reported
A-2	$147.1M	76.71%	4.058% fixed	95001QAR2	AAA	AAA	not yet reported	Aaa	not yet reported
A-3	$115.0M	60.10%	3.888% fixed	95001QAT8	AAA	AAA	not yet reported	Aaa	not yet reported
A-4	$184.3M	33.47%	4.152% fixed	95001QAU5	AAA	AAA	not yet reported	Aaa	not yet reported
A-S	$56.2M	25.35%	4.382% fixed	95001QAX9	AAA	AAA	not yet reported	Aa2	not yet reported
A-SB	$24.0M	21.88%	4.086% fixed	95001QAS0	AAA	AAA	not yet reported	Aaa	not yet reported
B	$31.1M	17.38%	4.633% floating (WAC)	95001QAY7	AA-	AA-	not yet reported	not yet reported	not yet reported
C	$32.0M	12.75%	5.146% floating (WAC)	95001QAZ4	A-	A-	not yet reported	not yet reported	not yet reported
D	$20.8M	9.74%	3.000% fixed	95001QAC5	BB+	BBB	not yet reported	not yet reported	not yet reported
E-RR	$16.4M	7.38%	5.146% floating (WAC)	95001QAE1	BB-	BBB-	not yet reported	not yet reported	not yet reported
F-RR	$13.0M	5.50%	5.146% floating (WAC)	95001QAG6	B-	B-	not yet reported	not yet reported	not yet reported
G-RR	$10.4M	4.00%	5.146% floating (WAC)	95001QAJ0	CCC	CCC	not yet reported	not yet reported	not yet reported
H-RR	$27.7M	0.00%	5.146% floating (WAC)	95001QAL5	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	95001QAN1	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$484.5M	Interest only	1.117% floating	95001QAV3	AAA	AAA	not yet reported	Aaa	not yet reported
X-B	$119.4M	Interest only	0.493% floating	95001QAW1	AA-	AAA	not yet reported	not yet reported	not yet reported
X-D	$20.8M	Interest only	2.146% floating	95001QAA9	BB+	BBB	not yet reported	not yet reported	not yet reported

Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.

Pool at issuance

Loans	49
Original loan balance	$692.4M
Weighted average coupon	5.00%
Weighted average LTV	48.8%
Median loan LTV	60.8%
Full-term interest only (share of balance)	45.5%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	7.9%
Five largest loans (share of balance)	29.4%
Occupancy at issuance (weighted average)	91.6%

Realized outcomes

Months reported	1
Peak 30+ delinquency	0.00% (August 2018)
Ever severe (share of original balance)	0.00%
Ever modified (share of original balance)	0.00%
Past scheduled maturity (share of original balance)	0.00%
Non-performing matured (share of original balance)	0.00%
Maximum servicer advances (share of balance)	0.00%
Median DSCR, first year	not yet reported
Median DSCR, latest	not yet reported
Realized stress score	0.0

Property types

Property type	Original balance	Share of pool
Retail	$255.7M	36.9%
Office	$172.8M	24.9%
Multifamily	$97.7M	14.1%
Lodging	$96.6M	14.0%
Industrial	$32.0M	4.6%
Self storage	$18.3M	2.6%
Manufactured housing	$10.0M	1.4%
Mixed use	$9.3M	1.4%

Property type is reported for 100.0% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
The Ballantyne	Charlotte, NC	$55.0M	7.9%	4.90%	2018
Fair Oaks Mall	Fairfax, VA	$40.6M	5.9%	4.26%	2018
Town Center Aventura	Aventura, FL	$40.0M	5.8%	4.89%	2018
Silver Spring Plaza	Silver Spring, MD	$35.0M	5.1%	4.90%	2018
Showcase II	Las Vegas, NV	$33.0M	4.8%	4.90%	2018

Delinquency and stress indicator

▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)

Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.

Ratings

Classes with a CUSIP	17 of 17
Classes with a current rating in the dataset	15 of 17
Net rating change since issuance	+0.12 notches (balance-weighted)
Delinquency threshold crossed	Not crossed in the dataset
First downgrade	None recorded

Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.