Wells Fargo Commercial Mortgage Securities Inc.

10/02/2025 | Press release | Distributed by Public on 10/02/2025 15:22

Free Writing Prospectus (Form FWP)

FREE WRITING PROSPECTUS
FILED PURSUANT TO RULE 433
REGISTRATION FILE NO.: 333-282099-07
From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 10/02/25 14:38:37 UTC-4:00
Subject: WFCM 2025-C65 - PUBLIC NEW ISSUE **STATUS**
WFCM 2025-C65 - PUBLIC NEW ISSUE **STATUS**
$595.609MM FIXED-RATE CMBS OFFERING
Co-Lead Managers & Bookrunners: Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC,
SG Americas Securities, LLC and J.P. Morgan Securities LLC
Co-Managers: Academy Securities, Inc., Drexel Hamilton, LLC and Siebert Williams Shank & Co., LLC

Publicly Offered Certificates

Expected Ratings Available WAL Principal UW NOI
Class (Fitch/Moody's/KBRA) Size ($MM) CE% (YRS) Window DY% LTV% IPTs STATUS
A-1 AAAsf/Aaa(sf)/AAA(sf) $7.250 30.000% 2.71 1-60 18.8% 39.6% J+70a AUCTIONED
A-SB AAAsf/Aaa(sf)/AAA(sf) $9.258 30.000% 7.36 60-114 18.8% 39.6% LCF-5bps SUBJECT
A-4* AAAsf/Aaa(sf)/AAA(sf) [$145.515] 30.000% [9.59] [114-116] 18.8% 39.6% LCF-2bps \ ~60% COMBO **
A-5* AAAsf/Aaa(sf)/AAA(sf) [$305.778] 30.000% [9.86] [116-119] 18.8% 39.6% J+80a / @ +82 LCF **
A-S AAAsf/Aa3(sf)/AAA(sf) $65.157 20.250% 9.91 119-119 16.5% 45.1% J+115a ~40% **
B AA-sf/NR/AA(sf) $35.085 15.000% 9.91 119-119 15.5% 48.1% J+145a ~10%
C A-sf/NR/A-(sf) $27.566 10.875% 9.92 119-120 14.8% 50.4% J+190a ~80% **

*Sizes, WAL's and Windows are subject to change as detailed in the attached Term Sheet
** There is some size protection in the class

POOL BALANCE: $688,887,247
NUMBER OF LOANS/PROPERTIES: 23 / 79
WA MORTGAGE INT. RATE: 6.3265%
WA CUT-OFF LTV: 56.6%
WA UW NCF DSCR: 1.91x
WA UW NOI DEBT YLD: 13.2%
WA ORIG TERM TO MATURITY: 120
TEN LARGEST LOANS: 73.2%
LOAN SELLERS: WFB (31.0%), AREF2 (28.7%), JPMCB (27.2%), GSMC (4.8%), SGFC (4.7%) AND BSPRT (3.6%)
TOP 5 STATES: NY (19.9%), CA (17.5%), NC (8.5%), MA (8.3%), OH (6.3%)
TOP 5 PROPERTY TYPES: RT (42.2%), OF (19.7%), MU (12.3%), HT (12.2%), IND (6.0%)
RISK RETENTION: L-Shape
MASTER SERVICER: Midland Loan Services, a Division of PNC Bank, National Association
SPECIAL SERVICER: Argentic Services Company LP
TRUSTEE: Computershare Trust Company, N.A.
CERT ADMIN: Computershare Trust Company, N.A.
OPERATING ADVISOR: Pentalpha Surveillance 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
TIMING:
PRESALE REPORTS: TODAY
ANTICIPATED PRICING: Week of September 29, 2025
ANTICIPATED SETTLEMENT: October 16, 2025
THIRD PARTY PASSWORDS:
Bloomberg:
Dealname: WFCM 2025-C65
Password: 2025WF65
Trepp:
Dealname: WFCM 2025-C65
Password: 2025WF65
Intex:
Dealname: WFC25C65
Password: kl7av6phf4ce7uspz

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 [email protected].

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.

Wells Fargo Commercial Mortgage Securities Inc. published this content on October 02, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 02, 2025 at 21:22 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]