FWP 1 n4701_x16-xapricing.htm FWP

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-282099-01
     

 

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 01/10/25 13:34:54 UTC-5:00

Subject: WFCM 2025-5C3 - **XA PRICING DETAILS** PUBLICS

WFCM 2025-5C3 - **XA PRICING DETAILS** PUBLICS

Co-Lead Managers & Bookrunners: Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, UBS Securities LLC and Citigroup Global Markets Inc.

Co-Managers: Academy Securities, Inc., Drexel Hamilton, LLC and Siebert Williams Shank & Co., LLC

 

Publicly Offered Certificates

  Expected Ratings Available        
Class (Fitch/Moody's/KBRA) Size ($MM) SPD YLD% CPN% $PRICE
X-A AAAsf/Aaa(sf)/AAA(sf) $570.744 J+40 4.92370 0.81939 3.58750

 

POOL BALANCE: $833,520,429
NUMBER OF LOANS/PROPERTIES: 30 / 63
WA MORTGAGE INT. RATE: 6.9314%
WA CUT-OFF LTV: 59.4%
WA UW NCF DSCR: 1.52x
WA UW NOI DEBT YLD: 11.6%
WA ORIG TERM TO MATURITY: 60
TEN LARGEST LOANS: 68.1%
   
LOAN SELLERS: AREF2 (28.3%), WFB (27.9%), CREFI (22.4%), JPMCB (10.6%), GSMC (8.4%), LMF (1.8%) AND UBS AG (0.8%)
TOP 5 STATES: CA (29.0%), NY (23.0%), WA (6.7%), FL (6.5%), TX (6.5%)
TOP 5 PROPERTY TYPES: MF (30.0%), OF (23.9%), HT (17.6%), MHC (9.3%), RT (8.8%)
   
RISK RETENTION: L-Shape
   
MASTER SERVICER: Wells Fargo Bank, National Association
SPECIAL SERVICER: Argentic Services Company LP
TRUSTEE: Computershare Trust Company, N.A.
CERT ADMIN: Computershare Trust Company, N.A.
OPERATING ADVISOR: BellOak, LLC
INITIAL CONTROLLING CLASS REP: Argentic Securities Holdings 2 Cayman Limited, an affiliate of Argentic Real Estate Finance 2 LLC and Argentic Services Company LP
   
DOCUMENTS & TIMING  
TERM SHEET, ANNEX A-1: ATTACHED
PRELIM PROSPECTUS: ATTACHED
ANTICIPATED SETTLEMENT: January 28, 2025

 

THIRD PARTY PASSWORDS:

Bloomberg:

Dealname: WFCM 2025-5C3

Password: 2025WF5C3

 

Trepp:

Dealname: WFCM 2025-5C3

Password: 2025WF5C3

 

Intex:

Dealname: WFC255C3

Password: 2rcadk6lqjpf2ep8z

 

Wells Fargo Commercial Mortgage Securities, Inc., as depositor, has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-282099) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. - 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.

If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb4. This chat will be retained and may be monitored.