Wells Fargo is teeing up a $711 million CMBS conduit featuring a heavy concentration of loans secured by buildings with a single tenant.

Wells Fargo Commercial Mortgage Trust 2015-LC20 will issue seven classes of notes with preliminary triple-A ratings from Morningstar and DBRS; it will also issue  ‘AA-‘/ ‘AA’ rated class B notes and ‘A-‘/ ‘A-’ rated class C notes.

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