# EDGAR Filing Document

**Accession Number:** 0000850779
**File Stem:** 0001539497-25-003262
**Filing Date:** 2025-12
**Character Count:** 7277
**Document Hash:** ff78302215bfb2fb4041d2ad211874b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-003262.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0001539497-25-003262

**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:** 251566204

**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

---

| |
|:---|
| &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 12:27:00 UTC-5:00 <br> Subject: BANK 2025-BNK51 - PUBLIC NEW ISSUE \*\*STATUS\*\*

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

$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 <br> 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 Window | &nbsp;&nbsp;UW NOI DY% | &nbsp;&nbsp;LTV% | &nbsp;&nbsp;(@ IPTs) GDX | &nbsp;&nbsp;Status/On Avail |
| &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;1x / SUBJECT |
| &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;1x / SUBJECT |
| &nbsp;&nbsp;A-SB | &nbsp;&nbsp;AAAsf/Aaa(sf)/AAA(sf) | &nbsp;&nbsp;$23.557 | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;7.33 | &nbsp;&nbsp;60-114 | &nbsp;&nbsp;27.7% | &nbsp;&nbsp;35.5% | &nbsp;&nbsp;Preplaced | &nbsp;&nbsp;Preplaced (1x) |
| &nbsp;&nbsp;A-4\* | &nbsp;&nbsp;AAAsf/Aaa(sf)/AAA(sf) | &nbsp;&nbsp;$[200.000] | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;[9.73] | &nbsp;&nbsp;114-118 | &nbsp;&nbsp;27.7% | &nbsp;&nbsp;35.5% | &nbsp;&nbsp;LCF-2bps | &nbsp;&nbsp;\ ~1+x / SUBJECT |
| &nbsp;&nbsp;A-5\* | &nbsp;&nbsp;AAAsf/Aaa(sf)/AAA(sf) | &nbsp;&nbsp;$[445.568] | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;[9.91] | &nbsp;&nbsp;118-120 | &nbsp;&nbsp;27.7% | &nbsp;&nbsp;35.5% | &nbsp;&nbsp;J+80# | &nbsp;&nbsp;/ |
| &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;1x / SUBJECT |
| &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+140A | &nbsp;&nbsp;~2+x / ~2.95x / SUBJECT |
| &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+185A | &nbsp;&nbsp;~7.35x / ~11.4x / SUBJECT |

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

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| | |
|:---|:---|
| &nbsp;&nbsp;POOL BALANCE: | &nbsp;&nbsp;$1007405787 |
| &nbsp;&nbsp;NUMBER OF LOANS/PROPERTIES: | &nbsp;&nbsp;74 / 91 |
| &nbsp;&nbsp;WA MORTGAGE INT. RATE: | &nbsp;&nbsp;6.1615% |
| &nbsp;&nbsp;WA CUT-OFF LTV: | &nbsp;&nbsp;59.5% |
| &nbsp;&nbsp;WA UW NCF DSCR: | &nbsp;&nbsp;2.83x |
| &nbsp;&nbsp;WA UW NOI DEBT YLD: | &nbsp;&nbsp;19.4% |
| &nbsp;&nbsp;WA ORIG TERM TO MATURITY: | &nbsp;&nbsp;120 |
| &nbsp;&nbsp;TEN LARGEST LOANS: | &nbsp;&nbsp;59.5% |
| &nbsp;&nbsp;LOAN SELLERS: | &nbsp;&nbsp;MSMCH (32.0%), WFB (24.6%), BANA (15.0%), NCB (14.8%), JPMCB (13.7%) |
| &nbsp;&nbsp;TOP 5 STATES: | &nbsp;&nbsp;NY (30.4%), FL (12.9%), CO (9.9%), CA (9.1%), VA (8.7%) |
| &nbsp;&nbsp;TOP 5 PROPERTY TYPES: | &nbsp;&nbsp;RT (30.7%), MF (19.9%), OF (17.7%), LF (9.9%), HT (8.0%) |
| &nbsp;&nbsp;RISK RETENTION: | &nbsp;&nbsp;L-Shaped |
| &nbsp;&nbsp;MASTER SERVICER: | &nbsp;&nbsp;Midland Loan Services, a Division of PNC Bank, National Association and National Cooperative Bank, N.A. |
| &nbsp;&nbsp;SPECIAL SERVICER: | &nbsp;&nbsp;Rialto Capital Advisors, LLC and National Cooperative Bank, N.A. |
| &nbsp;&nbsp;TRUSTEE: | &nbsp;&nbsp;Computershare Trust Company, National Association |
| &nbsp;&nbsp;CERT ADMIN: | &nbsp;&nbsp;Computershare Trust Company, National Association |
| &nbsp;&nbsp;OPERATING ADVISOR: | &nbsp;&nbsp;Pentalpha Surveillance LLC |
| &nbsp;&nbsp;INITIAL CONTROLLING CLASS REP: | &nbsp;&nbsp;RREF V – D AIV RR L, LLC |
| &nbsp;&nbsp;DOCUMENTS & TIMING |  |
| &nbsp;&nbsp;TERM SHEET, ANNEX A-1: | &nbsp;&nbsp;ATTACHED |
| &nbsp;&nbsp;PRELIM PROSPECTUS: | &nbsp;&nbsp;ATTACHED |
| &nbsp;&nbsp;PRESALE REPORTS: | &nbsp;&nbsp;TODAY |
| &nbsp;&nbsp;ANTICIPATED PRICING: | &nbsp;&nbsp;Week of December 8, 2025 |
| &nbsp;&nbsp;ANTICIPATED SETTLEMENT: | &nbsp;&nbsp;December 23, 2025 |
| &nbsp;&nbsp;THIRD PARTY PASSWORDS: |  |
| &nbsp;&nbsp;Bloomberg: |  |
| &nbsp;&nbsp;Dealname: | &nbsp;&nbsp;BANK 2025-BNK51 |
| &nbsp;&nbsp;Password: | &nbsp;&nbsp;BNK51 |
| &nbsp;&nbsp;Trepp: |  |
| &nbsp;&nbsp;Dealname: | &nbsp;&nbsp;BANK 2025-BNK51 |
| &nbsp;&nbsp;Password: | &nbsp;&nbsp;BNK51 |
| &nbsp;&nbsp;Intex: |  |
| &nbsp;&nbsp;Dealname: | &nbsp;&nbsp;BNK25B51 |
| &nbsp;&nbsp;Password: | &nbsp;&nbsp;dcofvm6dgo4umq6tz |

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