Wells Fargo CMBS Trust 2025-5C5 closes ~$596M securitization

Wells Fargo Commercial Mortgage Trust 2025-5C5

Publicly offered certificates balance $522,979,000; privately offered $73,009,459.
Net proceeds to registrant $556,408,173 after $5,491,320 in expenses.
Credit risk retention: AREF2 holds 2.46% vertical interest & HRR interest valued at $15.7M.
Legality and tax opinions dated July 30, 2025 from Sidley Austin LLP.
Underwriters include Wells Fargo Securities, BMO Capital, Citigroup, UBS, and others.

item 8.01item 9.01

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