← Wells Fargo Commercial Mortgage Trust 2025-C65 · Loan annex · CMBS market
- Deal
- Wells Fargo Commercial Mortgage Trust 2025-C65
- Current balance
- $38.0M (September 2026)
- Share of deal
- 5.5%
- Status
- Current
- DSCR (latest)
- 1.31
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2035-10-06
Property and terms
| Property | Windsor Building (and 11 more properties) |
| Address | 322-342 Euclid Avenue; 323 Prospect Avenue East AKA 2072 East 4th Street; 308-322 Euclid Avenue 2034 E 4th Street, 2065 East 3rd Street; 2063 East 4th Street; 2031 East 4th Street; 400, 402, 410, 506 Euclid Avenue AKA 2015 E 4th Street; 413-415, 417 Prospect Avenue East; 222-240 Euclid Avenue; 2079 East 4th Street; 2038 East 4th Street; 2058 East 4th Street AKA 2052 East 4th Street; 2050 East 4th Street; Cleveland, OH (and 11 more) 44115 |
| Property type | Multiple property types |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2024", "2024", "2006", "2006", "2006", "2006", "2006", "2006", "2006", "2006", "2006", "2006"] |
| Original balance | $38.0M |
| Current balance | $38.0M (September 2026) |
| Share of deal balance | 5.5% |
| Interest rate at origination | 7.50% |
| Current interest rate | 7.50% |
| Origination date | 09-18-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-10-06 |
| Prepayment lockout end | 07-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Berkadia |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Convention and Visitors Bureau of Greater Cleveland, Inc | not yet reported | ["12-31-2030", "06-30-2028", "07-31-2026", "08-31-2029", "12-31-2030", "12-31-2040", "11-30-2028", "09-01-2027", "07-18-2030", "06-05-2035", "12-31-2031", "08-31-2029"] |
| Corner Alley | not yet reported | ["12-31-2041", "04-30-2032", "02-14-2033"] |
| Pickwick and Frolic | not yet reported | ["12-31-2030", "02-28-2028", "06-30-2030"] |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2025 | $38.0M | Current | 7.50% | 1.42 | 1.42 | 96% | $0 | 06-30-2025 | $6.1M | $2.0M | $4.1M | $4.1M |
| November 2025 | $38.0M | Current | 7.50% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $38.0M | Current | 7.50% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $38.0M | Current | 7.50% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $38.0M | Current | 7.50% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $38.0M | Current | 7.50% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | $38.0M | Current | 7.50% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | $38.0M | Current | 7.50% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $38.0M | Current | 7.50% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $38.0M | Current | 7.50% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $38.0M | Current | 7.50% | 1.31 | 1.39 | 100% | $0 | 03-31-2026 | $1.6M | $624,185 | $990,669 | $930,488 |
| September 2026 | $38.0M | Current | 7.50% | 1.31 | 1.39 | 100% | $0 | 03-31-2026 | $1.6M | $624,185 | $990,669 | $930,488 |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.