FWP 1 n5034_x11-status.htm FWP

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-282099-04
     

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 05/13/25 08: 39: 53 UTC-4: 00

Subject: WFCM 2025-5C4 - PUBLIC NEW ISSUE **STATUS**

  

 

WFCM 2025-5C4 - PUBLIC NEW ISSUE **STATUS**

$516.140MM FIXED-RATE CMBS OFFERING

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

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

 

 

Publicly Offered Certificates

Class

Expected Ratings

(Fitch/Moody's/KBRA)

Available

Size ($MM)

CE%

WAL

(YRS)

Principal Window UW NOI DY% LTV% IPT STATUS/AVAIL
A-1 AAAsf/Aaa(sf)/AAA(sf) $4.006 30.000% 2.45 1–55 17.0% 42.9% PREPLACED
A-2* AAAsf/Aaa(sf)/AAA(sf) [$150.000] 30.000% [4.69] [55-58] 17.0% 42.9% A3-2BP \ ~1.4x/1.65x
A-3* AAAsf/Aaa(sf)/AAA(sf) [$253.091] 30.000% [4.84] [58-60] 17.0% 42.9% 105A / comb
A-S AAAsf/A1(sf)/AAA(sf) $58.156 20.000% 4.96 60–60 14.9% 49.0% 140A ~2.15x/2.5x
B AA-sf/NR/AA-(sf) $29.079 15.000% 4.96 60–60 14.0% 52.1% 185A ~4.4x/5.1x
C A-sf/NR/A-(sf) $21.808 11.250% 4.96 60–60 13.4% 54.4% 255A ~7.1x/8.95x

 *Sizes, WAL’s and Windows are subject to change as detailed in the Term Sheet

 

POOL BALANCE: $581,567,144
NUMBER OF LOANS/PROPERTIES: 32 / 82
WA MORTGAGE INT. RATE: 6.7516%
WA CUT-OFF LTV: 61.3%
WA UW NCF DSCR: 1.63x
WA UW NOI DEBT YLD: 11.9%
WA ORIG TERM TO MATURITY: 60
TEN LARGEST LOANS: 59.0%

 

LOAN SELLERS: CREFI (31.3%), WFB (30.5%), LMF (23.4%), AREF2 (9.1%) AND JPMCB (5.7%)
TOP 5 STATES: NY (37.6%), CA (17.0%), FL (10.9%), ID (8.2%), KY (6.7%)
TOP 5 PROPERTY TYPES: MF (33.8%), OF (18.2%), RT (15.3%), HT (11.5%), MU (11.2%)


RISK RETENTION: HORIZONTAL


MASTER SERVICER: Trimont LLC
SPECIAL SERVICER: Rialto Capital Advisors, LLC
TRUSTEE: Computershare Trust Company, N.A.
CERT ADMIN: Computershare Trust Company, N.A.
OPERATING ADVISOR: Pentalpha Surveillance, LLC
INITIAL CONTROLLING CLASS REP: RREF V - D AIV RR H, LLC

 

DOCUMENTS & TIMING

TERM SHEET, ANNEX A-1: AVAILABLE
PRELIM PROSPECTUS: AVAILABLE
PRESALE REPORTS: TODAY
ANTICIPATED PRICING: Week of May 12, 2025
ANTICIPATED SETTLEMENT: May 29, 2025

 

THIRD PARTY PASSWORDS:

Bloomberg:  
Dealname: WFCM 2025-5C4
Password: 20255C4

 

Trepp:

Dealname: WFCM 2025-5C4
Password: 20255C4

 

Intex:

Dealname: WFC255C4
Password: 7vl49ldd6ir92us1z

 

 

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.