Wells Fargo Commercial Mortgage Trust 2025-5C3

Tranches, pool and monthly delinquency indicator for Wells Fargo Commercial Mortgage Trust 2025-5C3.

Data as of loan data through September 2026; ratings as held in the dataset at build

Current pool balance: $828.3M (September 2026)
Original pool balance: $833.5M
Loans at issuance: 66
Closing date: 2025-01-28
Weighted average coupon at issuance: 6.44%
Weighted average LTV at issuance: 53.1%
30+ delinquent (latest): 5.41%
Realized stress score: 51.2
Net rating change since issuance: +0.00 notches

Tranches

Class	Original balance	Credit support (computed)	Coupon	CUSIP	Fitch	KBRA	S&P	Moody's	DBRS
A-1	$8.3M	99.00%	5.191% fixed	95004JAA2	AAA	AAA	not yet reported	Aaa	not yet reported
A-3	$575.1M	30.00%	6.096% fixed	95004JAC8	AAA	AAA	not yet reported	Aaa	not yet reported
A-S	$53.1M	23.63%	6.390% floating (WAC)	95004JAF1	AAA	AAA	not yet reported	Aa3	not yet reported
B	$47.9M	17.88%	6.541% floating (WAC)	95004JAG9	AA-	AA+	not yet reported	not yet reported	not yet reported
C	$37.5M	13.38%	6.232% floating (WAC)	95004JAH7	A-	A	not yet reported	not yet reported	not yet reported
D	$21.9M	10.75%	4.250% fixed	95004JAN4	BBB	A-	not yet reported	not yet reported	not yet reported
E	$11.5M	9.38%	4.250% fixed	95004JAQ7	BBB-	BBB+	not yet reported	not yet reported	not yet reported
F	$21.9M	6.75%	4.250% fixed	95004JAS3	BB-	BBB-	not yet reported	not yet reported	not yet reported
G-RR	$14.6M	5.00%	6.902% floating (WAC)	95004JAU8	B-	BB	not yet reported	not yet reported	not yet reported
J-RR	$41.7M	0.00%	6.902% floating (WAC)	95004JAW4	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	95004JAY0	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$583.5M	Interest only	0.819% floating	95004JAD6	AAA	AAA	not yet reported	Aaa	not yet reported
X-B	$138.6M	Interest only	0.503% floating	95004JAE4	A-	AAA	not yet reported	not yet reported	not yet reported
X-D	$33.3M	Interest only	2.652% floating	95004JAJ3	BBB-	AAA	not yet reported	not yet reported	not yet reported
X-F	$21.9M	Interest only	2.652% floating	95004JAL8	BB-	BBB-	not yet reported	not yet reported	not yet reported

Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.

Pool at issuance

Loans	66
Original loan balance	$991.6M
Weighted average coupon	6.44%
Weighted average LTV	53.1%
Median loan LTV	62.7%
Full-term interest only (share of balance)	86.7%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	8.4%
Five largest loans (share of balance)	29.6%
Occupancy at issuance (weighted average)	92.0%

Realized outcomes

Months reported	20
Peak 30+ delinquency	5.41% (September 2026)
Ever severe (share of original balance)	6.00%
Ever modified (share of original balance)	0.00%
Past scheduled maturity (share of original balance)	0.00%
Non-performing matured (share of original balance)	18.55%
Maximum servicer advances (share of balance)	0.19%
Median DSCR, first year	1.33
Median DSCR, latest	1.42
Realized stress score	51.2

Property types

Property type	Original balance	Share of pool
Multifamily	$273.7M	27.6%
Office	$177.4M	17.9%
Retail	$134.7M	13.6%
Lodging	$86.9M	8.8%
Manufactured housing	$84.0M	8.5%
Industrial	$31.2M	3.1%
Mixed use	$12.6M	1.3%
Self storage	$11.8M	1.2%

Property type is reported for 81.9% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
Radius at Harbor Bay	Alameda, CA	$83.0M	8.4%	6.13%	2024
WAND MHC Portfolio	not yet reported	$70.5M	7.1%	6.23%	2024
Wilshire Office Portfolio	CA	$48.8M	4.9%	7.41%	2024
Georgia MF Portfolio	GA	$47.0M	4.7%	6.65%	2024
WELLEON	Cleveland, OH	$44.6M	4.5%	6.23%	2024

Delinquency and stress indicator

▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)

Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.

Ratings

Classes with a CUSIP	15 of 15
Classes with a current rating in the dataset	13 of 15
Net rating change since issuance	+0.00 notches (balance-weighted)
Delinquency threshold crossed	Not crossed in the dataset
First downgrade	None recorded

Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.