Wells Fargo Commercial Mortgage Trust 2025-C65: loan annex
Page built October 19, 2026
Loan detail for Wells Fargo Commercial Mortgage Trust 2025-C65.
Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-13
← Wells Fargo Commercial Mortgage Trust 2025-C65 · CMBS market
Detail sections for the 10 loans of this deal that do not have a page of their own. Loans with a surveillance history, loans at or above the section's size threshold of $25.0M, and the largest loans in the deal have their own pages, linked from the loan table on the deal page. Every loan in the deal appears either here or on its own page.
CVS/Walgreens Portfolio (and 5 more properties)
| Property | CVS/Walgreens Portfolio (and 5 more properties) |
| Address | 10097 Baltimore National Pike; 470 State Route 36; 1411 Vermillion Street; 2402 North College Avenue; 36252 Lighthouse Road; 7291 North Middlebelt Road; Ellicott City, MD (and 5 more) 21042 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $24.0M |
| Current balance | $24.0M (September 2026) |
| Share of deal balance | 3.5% |
| Interest rate at origination | 6.89% |
| Current interest rate | 6.89% |
| Origination date | 07-23-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-08-06 |
| Prepayment lockout end | 09-05-2026 |
| Yield maintenance end | 05-05-2035 |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Hampton Inn Blue Ridge
| Property | Hampton Inn Blue Ridge |
| Address | 30 West Main Street; Blue Ridge, GA 30513 |
| Property type | Lodging |
| Units, beds or keys | 109 |
| Net rentable square feet | not yet reported |
| Year built | 2021 |
| Year last renovated | not yet reported |
| Original balance | $16.5M |
| Current balance | $16.3M (September 2026) |
| Share of deal balance | 2.4% |
| Interest rate at origination | 6.40% |
| Current interest rate | 6.40% |
| Origination date | 07-11-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2035-07-11 |
| Prepayment lockout end | 01-10-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | WFB |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Smithville Square (and 1 more properties)
| Property | Smithville Square (and 1 more properties) |
| Address | 45 South New York Road; 691 Route 130 3817 Crosswicks Hamilton Square Road; Galloway, NJ (and 1 more) 08205 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | 2016 |
| Original balance | $15.5M |
| Current balance | $15.5M (September 2026) |
| Share of deal balance | 2.3% |
| Interest rate at origination | 7.21% |
| Current interest rate | 7.21% |
| Origination date | 09-08-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-10-06 |
| Prepayment lockout end | 06-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Hampton Inn Danville
| Property | Hampton Inn Danville |
| Address | 1098 Riverside Drive; Danville, VA 24540 |
| Property type | Lodging |
| Units, beds or keys | 88 |
| Net rentable square feet | not yet reported |
| Year built | 2021 |
| Year last renovated | not yet reported |
| Original balance | $11.0M |
| Current balance | $10.9M (September 2026) |
| Share of deal balance | 1.6% |
| Interest rate at origination | 5.95% |
| Current interest rate | 5.95% |
| Origination date | 06-26-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2035-07-11 |
| Prepayment lockout end | 04-10-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | WFB |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $5.0M |
| Operating expenses | $2.1M |
| Net operating income | $2.9M |
| Net cash flow | $2.7M |
| DSCR (net cash flow) | 3.40 |
| DSCR (net operating income) | 3.66 |
| Occupancy | 81% |
| Servicer advances outstanding | $0 |
Roosevelt & Capitol
| Property | Roosevelt & Capitol |
| Address | 2330 W. Roosevelt Dr; Milwaukee, WI 53209 |
| Property type | Multifamily |
| Units, beds or keys | 93 |
| Net rentable square feet | not yet reported |
| Year built | 1927 |
| Year last renovated | 2017 |
| Original balance | $10.3M |
| Current balance | $10.2M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 7.04% |
| Current interest rate | 7.04% |
| Origination date | 06-26-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2035-07-01 |
| Prepayment lockout end | 06-30-2028 |
| Yield maintenance end | 03-31-2035 |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | SGFC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $1.5M |
| Operating expenses | $499,107 |
| Net operating income | $961,990 |
| Net cash flow | $933,532 |
| DSCR (net cash flow) | 1.13 |
| DSCR (net operating income) | 1.17 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
32 Old Slip - Leased Fee
| Property | 32 Old Slip - Leased Fee |
| Address | 32 Old Slip; New York, NY 10005 |
| Property type | Other (code 98) |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 42,176 |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $10.0M |
| Current balance | $10.0M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 5.65% |
| Current interest rate | 5.65% |
| Origination date | 05-05-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-05-06 |
| Prepayment lockout end | 11-05-2034 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | GSBI |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Princessa Plaza
| Property | Princessa Plaza |
| Address | 18500-18580 Via Princessa; Santa Clarita, CA 91387 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 37,511 |
| Year built | 2004 |
| Year last renovated | not yet reported |
| Original balance | $8.6M |
| Current balance | $8.5M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 6.55% |
| Current interest rate | 6.55% |
| Origination date | 09-05-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2035-09-06 |
| Prepayment lockout end | 05-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $1.7M |
| Operating expenses | $464,236 |
| Net operating income | $1.3M |
| Net cash flow | $1.2M |
| DSCR (net cash flow) | 1.85 |
| DSCR (net operating income) | 1.92 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
75 Executive Drive
| Property | 75 Executive Drive |
| Address | 75 Executive Drive; Aurora, IL 60504 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 107,087 |
| Year built | 1980 |
| Year last renovated | 2002 |
| Original balance | $7.3M |
| Current balance | $7.3M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 6.65% |
| Current interest rate | 6.65% |
| Origination date | 08-06-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2035-08-06 |
| Prepayment lockout end | 05-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Stor N Lock - Santa Rosa
| Property | Stor N Lock - Santa Rosa |
| Address | 3035 and 3047 Santa Rosa Avenue; Santa Rosa, CA 95407 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 103,600 |
| Year built | 1974 |
| Year last renovated | not yet reported |
| Original balance | $7.3M |
| Current balance | $7.2M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 6.74% |
| Current interest rate | 6.74% |
| Origination date | 06-11-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2035-06-11 |
| Prepayment lockout end | 11-10-2027 |
| Yield maintenance end | 03-10-2035 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | WFB |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $1.5M |
| Operating expenses | $692,534 |
| Net operating income | $812,232 |
| Net cash flow | $794,620 |
| DSCR (net cash flow) | 1.40 |
| DSCR (net operating income) | 1.43 |
| Occupancy | 85% |
| Servicer advances outstanding | $0 |
Quantum on the Bay
| Property | Quantum on the Bay |
| Address | 1900 North Bayshore Drive; Miami, FL 33132 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 6,902 |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $3.3M |
| Current balance | $3.3M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 7.47% |
| Current interest rate | 7.47% |
| Origination date | 09-05-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-09-06 |
| Prepayment lockout end | 03-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |