# EDGAR Filing Document

**Accession Number:** 0000850779
**File Stem:** 0001539497-25-003268
**Filing Date:** 2025-12
**Character Count:** 6210
**Document Hash:** 988b4e4db3d2204cb5a9feabd1d14db4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-003268.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0001539497-25-003268

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251211

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK 2025-BNK51
- **CENTRAL INDEX KEY:** 0002098047
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-282099-10
- **FILM NUMBER:** 251566237

**BUSINESS ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166
- **BUSINESS PHONE:** 7043832556

**MAIL ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WELLS FARGO COMMERCIAL MORTGAGE SECURITIES INC
- **CENTRAL INDEX KEY:** 0000850779
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 561643598
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166
- **BUSINESS PHONE:** 7043832556

**MAIL ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 20020304

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 19960520

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST UNION MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 19951013

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| |
|:---|
| &nbsp;&nbsp;FREE WRITING PROSPECTUS |
| &nbsp;&nbsp;FILED PURSUANT TO RULE 433 |
| &nbsp;&nbsp;REGISTRATION FILE NO.: 333-282099-10 |

---

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 12/11/25 14:26:59 UTC-5:00

Subject: BANK 2025-BNK51 - PUBLIC NEW ISSUE \*\*LAUNCH\*\*

BANK 2025-BNK51 - PUBLIC NEW ISSUE \*\*LAUNCH\*\*

$894.510MM FIXED-RATE CMBS OFFERING

Co-Lead Managers & Bookrunners: Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc. and J.P. Morgan Securities, LLC

Co-Managers: Academy Securities, Inc., Drexel Hamilton, LLC and Siebert Williams Shank & Co., LLC

Publicly Offered Certificates

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Class | &nbsp;&nbsp;Expected Ratings <br> (Fitch/KBRA/S&P) | &nbsp;&nbsp;Available Size ($MM) | &nbsp;&nbsp;CE% | &nbsp;&nbsp;WAL (YRS) | &nbsp;&nbsp;Principal <br> Window | &nbsp;&nbsp;UW NOI DY% | &nbsp;&nbsp;LTV% | &nbsp;&nbsp;LAUNCH |
| &nbsp;&nbsp;A-1 | &nbsp;&nbsp;AAAsf/Aaa(sf)/AAA(sf) | &nbsp;&nbsp;$17.899 | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;2.67 | &nbsp;&nbsp;1–60 | &nbsp;&nbsp;27.7% | &nbsp;&nbsp;35.5% | &nbsp;&nbsp;J+80 |
| &nbsp;&nbsp;A-3 | &nbsp;&nbsp;AAAsf/Aaa(sf)/AAA(sf) | &nbsp;&nbsp;$5.819 | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;6.81 | &nbsp;&nbsp;82-82 | &nbsp;&nbsp;27.7% | &nbsp;&nbsp;35.5% | &nbsp;&nbsp;J+105 |
| &nbsp;&nbsp;A-SB | &nbsp;&nbsp;AAAsf/Aaa(sf)/AAA(sf) | &nbsp;&nbsp;$23.557 | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;7.33 | &nbsp;&nbsp;60-114 | &nbsp;&nbsp;27.7% | &nbsp;&nbsp;35.5% | &nbsp;&nbsp;J+75 |
| &nbsp;&nbsp;A-4 | &nbsp;&nbsp;AAAsf/Aaa(sf)/AAA(sf) | &nbsp;&nbsp;$140.000 | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;9.69 | &nbsp;&nbsp;114-118 | &nbsp;&nbsp;27.7% | &nbsp;&nbsp;35.5% | &nbsp;&nbsp;J+78 |
| &nbsp;&nbsp;A-5 | &nbsp;&nbsp;AAAsf/Aaa(sf)/AAA(sf) | &nbsp;&nbsp;$505.568 | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;9.90 | &nbsp;&nbsp;118-120 | &nbsp;&nbsp;27.7% | &nbsp;&nbsp;35.5% | &nbsp;&nbsp;J+80 |
| &nbsp;&nbsp;A-S | &nbsp;&nbsp;AAAsf/AAA(sf)/AAA(sf) | &nbsp;&nbsp;$126.196 | &nbsp;&nbsp;17.250% | &nbsp;&nbsp;9.98 | &nbsp;&nbsp;120-120 | &nbsp;&nbsp;23.5% | &nbsp;&nbsp;42.0% | &nbsp;&nbsp;J+105 |
| &nbsp;&nbsp;B | &nbsp;&nbsp;AA-sf/AA(sf)/AA-(sf) | &nbsp;&nbsp;$42.066 | &nbsp;&nbsp;13.000% | &nbsp;&nbsp;9.98 | &nbsp;&nbsp;120-120 | &nbsp;&nbsp;22.3% | &nbsp;&nbsp;44.2% | &nbsp;&nbsp;J+140 |
| &nbsp;&nbsp;C | &nbsp;&nbsp;A-sf/A(sf)/NR | &nbsp;&nbsp;$33.405 | &nbsp;&nbsp;9.625% | &nbsp;&nbsp;10.00 | &nbsp;&nbsp;120-121 | &nbsp;&nbsp;21.5% | &nbsp;&nbsp;45.9% | &nbsp;&nbsp;J+185 |

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\*Sizes, WAL's and Windows are subject to change as detailed in the attached Term Sheet

---

| | |
|:---|:---|
| POOL BALANCE: | $1007405787 |
| NUMBER OF LOANS/PROPERTIES: | 74 / 91 |
| WA MORTGAGE INT. RATE: | 6.1615% |
| WA CUT-OFF LTV: | 59.5% |
| WA UW NCF DSCR: | 2.83x |
| WA UW NOI DEBT YLD: | 19.4% |
| WA ORIG TERM TO MATURITY: | 120 |
| TEN LARGEST LOANS: | 59.5% |

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| | |
|:---|:---|
| LOAN SELLERS: | MSMCH (32.0%), WFB (24.6%), BANA (15.0%), NCB (14.8%), JPMCB (13.7%) |
| TOP 5 STATES: | NY (30.4%), FL (12.9%), CO (9.9%), CA (9.1%), VA (8.7%) |
| TOP 5 PROPERTY TYPES: | RT (30.7%), MF (19.9%), OF (17.7%), LF (9.9%), HT (8.0%) |
| RISK RETENTION: | L-Shaped |
| MASTER SERVICER: | Midland Loan Services, a Division of PNC Bank, National Association and National Cooperative Bank, N.A. |
| SPECIAL SERVICER: | Rialto Capital Advisors, LLC and National Cooperative Bank, N.A. |
| TRUSTEE: | Computershare Trust Company, National Association |
| CERT ADMIN: | Computershare Trust Company, National Association |
| OPERATING ADVISOR: | Pentalpha Surveillance LLC |
| INITIAL CONTROLLING CLASS REP: | RREF V – D AIV RR L, LLC |
| DOCUMENTS & TIMING |  |
| TERM SHEET, ANNEX A-1: | ATTACHED |
| PRELIM PROSPECTUS: | ATTACHED |
| ANTICIPATED PRICING: | Today at 3:30pm |
| ANTICIPATED SETTLEMENT: | December 23, 2025 |
| THIRD PARTY PASSWORDS: |  |
| Bloomberg: |  |
| Dealname: | BANK 2025-BNK51 |
| Password: | BNK51 |
| Trepp: |  |
| Dealname: | BANK 2025-BNK51 |
| Password: | BNK51 |
| Intex: |  |
| Dealname: | BNK25B51 |
| Password: | dcofvm6dgo4umq6tz |

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