FWP 1 n5151_x14-guidance.htm FWP

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-282099-05
     

 

 

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 07/10/25 12:42:14 UTC-4:00
Subject: WFCM 2025-5C5 - PUBLIC NEW ISSUE **GUIDANCE**

 

WFCM 2025-5C5 - PUBLIC NEW ISSUE **GUIDANCE**

$510.111MM FIXED-RATE CMBS OFFERING

 

Co-Lead Managers & Bookrunners: Wells Fargo Securities, LLC, BMO Capital Markets Corp., Citigroup Global Markets Inc. and UBS Securities LLC
Co-Managers: Academy Securities, Inc., Drexel Hamilton, LLC, Natixis Securities Americas LLC and Siebert Williams Shank & Co., LLC

 

 

Publicly Offered Certificates 

Class Expected Ratings (Fitch/Moody's/MDBRS) Available Size ($MM) CE% WAL (YRS) Principal Window UW NOI DY% LTV% GUIDANCE
A-1 AAAsf/Aaa(sf)/AAA(sf) $3.901 30.000% 2.52 1–58 17.4% 38.7% N/A
A-2* AAAsf/Aaa(sf)/AAA(sf) [$146.310] 30.000% [4.83] [58-59] 17.4% 38.7% A3-2bps
A-3* AAAsf/Aaa(sf)/AAA(sf) [$256.716] 30.000% [4.91] [59-60] 17.4% 38.7% J+94A
A-S AAAsf/Aa3(sf)/AAA(sf) $50.866 21.250% 4.96 60–60 15.5% 43.5% J+125A
B AA-sf/NR/AA(sf) $29.066 16.250% 4.96 60–60 14.6% 46.3% J+155A
C A-sf/NR/A(sf) $23.252 12.250% 4.96 60–60 13.9% 48.5% J+200A

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

 

POOL BALANCE: $595,988,459
NUMBER OF LOANS/PROPERTIES: 32 / 46
WA MORTGAGE INT. RATE: 6.7410%
WA CUT-OFF LTV: 55.3%
WA UW NCF DSCR: 1.66x
WA UW NOI DEBT YLD: 12.2%
WA ORIG TERM TO MATURITY: 60
TEN LARGEST LOANS: 67.1%
   
LOAN SELLERS: WFB (25.0%), AREF2 (23.1%), CREFI (18.6%), UBS AG (10.6%), BMO (9.4%), GCMC (4.4%), ZBNA (3.5%), BSPRT (2.9%) AND NREC (2.5%)
TOP 5 STATES: NY (28.4%), CA (16.4%), TX (11.2%), MI (9.9%), DC (8.4%)
TOP 5 PROPERTY TYPES: MF (29.3%), IN (24.2%), OF (23.2%), HT (13.3%), RT (5.8%)
   
RISK RETENTION: L-Shape
   
MASTER SERVICER: Trimont LLC
SPECIAL SERVICER: Argentic Services Company LP
TRUSTEE: Computershare Trust Company, N.A.
CERT ADMIN: Computershare Trust Company, N.A.
OPERATING ADVISOR: Park Bridge Lender Services 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
PRESALE REPORTS: TODAY
ANTICIPATED PRICING: Week of July 7, 2025
ANTICIPATED SETTLEMENT: July 30, 2025

 

 

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.