| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-282099-15 | ||
| From: | WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI) |
| At: | 06/22/26 09:07:12 UTC-04:00 |
WFCM 2026-5C10 - **IO ANNOUNCE/GUIDANCE** PUBLICS
| Co-Lead Managers & Bookrunners: | Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, SG Americas Securities, LLC and UBS Securities LLC |
| Co-Managers: | Academy Securities, Inc., Drexel Hamilton, LLC and Siebert Williams Shank & Co., LLC |
Publicly Offered Certificates
| Class | Expected Ratings (Fitch/Moody's/MDBRS) | Size($MM) | ~Proceeds(MM) | IO Guidance | |
| X-A | AAAsf/Aaa(sf)/AAA(sf) | $382.378 | ~16.9MM | J-115a | |
| X-B | A-sf/NR/A(high)(sf) | $92.863 | ~2.3MM | J-75a | BIDS DUE TODAY AT 10:30AM ET |
| POOL BALANCE: | $546,254,993 |
| NUMBER OF LOANS/PROPERTIES: | 29 / 62 |
| WA MORTGAGE INT. RATE: | 6.7897% |
| WA CUT-OFF LTV: | 62.8% |
| WA UW NCF DSCR: | 1.66x |
| WA UW NOI DEBT YLD: | 12.3% |
| WA ORIG TERM TO MATURITY: | 60 |
| TEN LARGEST LOANS: | 67.9% |
| LOAN SELLERS: | AREF2 (46.5%), WFB (19.8%), LMF (12.0%), SGFC (5.0%), CREFI (4.7%), GSMC (4.6%), BSPRT (3.4%), JPMCB (3.3%) AND UBS AG (0.7%) |
| TOP 5 STATES: | CA (16.5%), NY (16.2%), TX (12.9%), GA (10.1%), MO (9.2%) |
| TOP 5 PROPERTY TYPES: | RT (31.7%), MF (26.6%), OF (22.0%), IN (9.9%), MU (5.2%) |
| RISK RETENTION: | L-Shape |
| MASTER SERVICER: | Trimont LLC |
| SPECIAL SERVICER: | Argentic Services Company LP |
| TRUSTEE: | Deutsche Bank National Trust Company |
| CERT ADMIN: | Computershare Trust Company, National Association |
| OPERATING ADVISOR: | Park Bridge Lender Services LLC |
| INITIAL CONTROLLING CLASS REP: | Argentic Securities Income USA 2 LLC, an affiliate of Argentic Real Estate Finance 2 LLC, Argentic Services Company LP and Argentic Securities Holdings 2 Cayman Limited |
| DOCUMENTS & TIMING | |
| TERM SHEET, ANNEX A-1: | ATTACHED |
| PRELIM PROSPECTUS: | ATTACHED |
| PRESALE REPORTS: | POSTED |
| ANTICIPATED PRICING: | Monday, June 22, 2026 |
| ANTICIPATED SETTLEMENT: | June 29, 2026 |
| THIRD PARTY PASSWORDS: | |
| Bloomberg: | |
| Dealname: | WFCM 2026-5C10 |
| Password: | WFCM5C10 |
| Trepp: | |
| Dealname: | WFCM 2026-5C10 |
| Password: | WFCM5C10 |
| Intex: | |
| Dealname: | WFC26510 |
| Password: | uh0skp3v0c1qsnmiz |
Wells Fargo Commercial Mortgage Securities, Inc., as depositor, has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-282099) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. - 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.
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