Wells Fargo’s next commercial mortgage securitization follows a familiar pattern: it is characterized by low leverage, relative to transactions completed this year. And it relies on the inclusion of a pair of relatively high quality loans to boost the overall credit metrics of the pool.

Fitch Ratings puts the loan-to-value ratio of the $750.5 million Wells Fargo Commercial Mortgage Trust 2016-C37 at 103.4%. That’s slightly better leverage than other recent Fitch-rated transactions, which average 105.5%.

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