Wells Fargo Commercial Mortgage Trust 2018-C43

04/05/2024 | Press release | Distributed by Public on 04/05/2024 11:55

☐ Emerging growth company - Form 8-K

wcm18c43_8k-04022024.htm - Generated by SEC Publisher for SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

April 2, 2024
Date of Report (Date of Earliest Event Reported)

Central Index Key Number of the issuing entity: 0001729832
Wells Fargo Commercial Mortgage Trust 2018-C43
(Exact name of issuing entity)

Central Index Key Number of the registrant: 0000850779
Wells Fargo Commercial Mortgage Securities, Inc.
(Exact name of registrant as specified in its charter)

Central Index Key Number of the sponsor: 0000312070
Barclays Bank PLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of the sponsor: 0000740906
Wells Fargo Bank, National Association
(Exact name of sponsor as specified in its charter)

Central Index Key Number of the sponsor: 0001722518
BSPRT CMBS Finance, LLC (formerly known as BSPRT Finance, LLC)
(Exact name of sponsor as specified in its charter)

Central Index Key Number of the sponsor: 0001541214
C-III Commercial Mortgage LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of the sponsor: 0001592182
LMF Commercial, LLC (formerly known as Rialto Mortgage Finance, LLC)
(Exact name of sponsor as specified in its charter)

New York

333-206677-23

38-4059960
38-4059961
38-7196261

(State or other jurisdiction of incorporation of issuing entity)

(Commission File Number of issuing entity)

(I.R.S. Employer Identification Numbers)

c/o Computershare Trust Company, N.A., as agent for
Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)

(212) 214-5600
Registrant's Telephone number, including area code

Former name or former address, if changed since last report: Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised Financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 6.04 Failure to Make a Required Distribution.

The Certificate Administrator made distributions to the Certificateholders on the March 15, 2024 Distribution Date. The Certificate Administrator was subsequently notified on April 2, 2024 that a portion of the funds received with respect to the Fairfield Inn & Suites - Willow Grove Mortgage Loan (Loan Number 24 on Annex A-1 of the prospectus of the registrant relating to the issuing entity filed on March 28, 2018 pursuant to Rule 424(b)(2)) was reported as a current period realized loss adjustment and should have been reported as yield maintenance. This resulted in an additional payment to the Class A-SB Certificateholders in an amount equal to $119,888.32 in prepayment penalty fees, an additional payment to the Class X-A Certificateholders in an amount equal to $48,825.12 in prepayment penalty fees and an additional payment to the holder of the Vertical RR Interest in an amount equal to $4,060.18 in prepayment penalty fees. The additional payments were made to the Class A-SB Certificateholders, Class X-A Certificateholders and the holder of the Vertical RR Interest on April 5, 2024.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Wells Fargo Commercial Mortgage Securities, Inc.
(Depositor)

/s/ Anthony J. Sfarra
Anthony J. Sfarra, President

Date: April 5, 2024