UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: ~~September~~October 228, 2025 (Date of earliest event reported)

Wells Fargo Commercial Mortgage Trust 2025-5C6

(Central Index Key Number 0002077898)

(Exact name of issuing entity)

Wells Fargo Bank, National Association

(Central Index Key Number 0000740906)

JPMorgan Chase Bank, National Association

(Central Index Key Number 0000835271)

LMF Commercial, LLC

(Central Index Key Number 0001592182)
RREF V – D Direct Lending Investments, LLC

(Central Index Key Number 0002086033)
Argentic Real Estate Finance 2 LLC
(Central Index Key Number 0001968416)
Citi Real Estate Funding Inc.

(Central Index Key Number 0001701238)
Goldman Sachs Mortgage Company

(Central Index Key Number 0001541502)

UBS AG

(Central Index Key Number 0001685185)

Wells Fargo Commercial Mortgage Securities, Inc.

(Central Index Key Number 0000850779)

(Exact name of registrant as specified in its charter)

North Carolina	333-282099-06	56-1643598
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

301 South College Street Charlotte, North Carolina	28202
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code

(704) 374-6161

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐    Emerging growth company

☐    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 8.01.

Other Events.

On ~~September~~October 228, 2025, Wells Fargo ~~Securities,~~Commercial ~~LLC~~Mortgage ~~(“WFS”), J.P. Morgan~~ Securities ~~LLC (“JPMS”)~~, ~~Citigroup Global Markets~~ Inc. ~~(“CGMI”),~~ ~~Goldman Sachs & Co. LLC~~ (~~“GS&Co.”),~~the ~~UBS Securities LLC (~~“~~UBS Securities~~Registrant”)~~, Academy~~ ~~Securities,~~caused ~~Inc.~~the ~~(“Academy”)~~issuance, ~~Drexel~~pursuant ~~Hamilton,~~to ~~LLC~~a ~~(“Drexel”)~~Pooling and ~~Siebert~~Servicing ~~Williams Shank & Co.~~Agreement, ~~LLC~~dated ~~(“Siebert”)~~and ~~entered~~effective ~~into an agreement, dated~~ as of ~~September~~October 221, 2025, ~~among~~(the ~~Wells~~“Pooling ~~Fargo~~and ~~Commercial Mortgage~~Servicing ~~Securities~~Agreement”), ~~Inc.~~among (the “Registrant”), as depositor, ~~WFS,~~Midland ~~JPMS,~~Loan ~~CGMI~~Services, ~~GS&Co.,~~a ~~UBS~~Division ~~Securities,~~of ~~Academy~~PNC Bank, ~~Drexel and~~National ~~Siebert~~Association, as ~~underwriters~~master ~~(WFS~~servicer, Rialto ~~JPMS,~~Capital ~~CGMI~~Advisors, ~~GS&Co.~~LLC, ~~UBS~~as ~~Securities,~~special ~~Academy~~servicer, ~~Drexel~~Computershare ~~and~~Trust ~~Siebert~~Company, ~~collectively in such capacity, the “Underwriters”), and Wells Fargo Bank,~~ National Association ~~(“WFB”) (the “Underwriting Agreement”)~~, anas ~~executed~~certificate ~~version~~administrator ofand ~~which is attached hereto~~ as ~~Exhibit 1.1~~trustee, ~~with~~and ~~respect~~Park toBridge ~~the~~Lender ~~sale~~Services ofLLC, ~~the~~as ~~Publicly Offered~~operating ~~Certificates~~advisor (and as ~~defined~~asset ~~below)~~representations ~~scheduled~~reviewer, toof ~~occur~~Wells onFargo orCommercial ~~about~~Mortgage ~~October~~Trust 82025-5C6, ~~2025. The~~Commercial ~~Publicly~~Mortgage ~~Offered~~Pass-Through Certificates, ~~are~~Series ~~expected to~~2025-5C6 ~~have~~(the ~~an aggregate initial principal amount of $539,381,000~~“Certificates”).

On or about October 8, 2025, a series of mortgage pass-through certificates, entitled Commercial Mortgage Pass-Through Certificates, Series 2025-5C6 (the “Certificates”), is expected to be issued by Wells Fargo Commercial Mortgage Trust 2025-5C6, a New York common law trust (the “Issuing Entity”), pursuant to a Pooling and Servicing Agreement, attached hereto as Exhibit 4.1 and dated and effective as of October 1, 2025 (the “Pooling and Servicing Agreement”), among the Registrant, as depositor, Midland Loan Services, a Division of PNC Bank, National Association (“Midland”), as master servicer, Rialto Capital Advisors, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.

Trimont LLC, a Georgia limited liability company (“Trimont”), will act as primary servicer of the Manhattan Gateway Shopping Center mortgage loan, the ExchangeRight 71 mortgage loan, the Target Sayville mortgage loan, the 2505 & 2533 Foster Ave mortgage loan and the CLC Rangeline Self Storage mortgage loan pursuant to the Primary Servicing Agreement, attached hereto as Exhibit 99.9 and dated as of October 1, 2025, between Midland, as master servicer, and Trimont, as primary servicer, pursuant to which Trimont will perform certain servicing obligations of Midland under the Pooling and Servicing Agreement.

The assets of the Issuing Entity are expected to include several mortgage loans which are part of whole loans. Each whole loan is governed by a co-lender, intercreditor or similar agreement (each, an “Intercreditor Agreement”) between the holders of the promissory notes comprising such whole loan, the terms of which are described under “DESCRIPTION OF THE MORTGAGE POOL—The Whole Loans” in the Prospectus described below. Each Intercreditor Agreement is attached as an exhibit hereto, as described in the following table. Moreover, certain of such whole loans will not be serviced pursuant to the Pooling and Servicing Agreement, but will instead be serviced pursuant to a different servicing agreement (each, a “Non-Serviced PSA”). Each such Non-Serviced PSA is attached as an exhibit hereto, as described in the following table. For a description of the servicing of the affected whole loans under such Non-Serviced PSAs, see “POOLING AND SERVICING AGREEMENT—Servicing of the Non-Serviced Mortgage Loans” in the Prospectus described below.

Whole Loan	Intercreditor Agreement	Non-Serviced PSA (if any)
125th & Lenox	4.5	N/A
Aman Hotel New York	4.6	N/A
80 International Drive	4.7	N/A
Soudry NYC Multifamily Portfolio	4.8	N/A
Vertex HQ	4.9	4.2
The Campus at Lawson Lane	4.10	4.3
Equinox Sports Club LA	4.11	4.4

The Certificates will consist of the classes (each, a “Class”) designated as (i) the Class A-1, Class A-2, Class A-3, Class X-A, Class X-B, Class A-S, Class B and Class C Certificates (collectively, the “Publicly Offered Certificates”), and (ii) the Class X-D, Class D, Class E-RR, Class F-RR, Class G-RR, Class H-RR, Class J-RR, Class K-RR and Class R Certificates (collectively, the “Privately Offered Certificates”).

The Publicly Offered Certificates ~~and~~ ~~the~~were ~~Privately~~sold ~~Offered Certificates represent, in the aggregate, the entire beneficial ownership in the Issuing Entity, a common law trust fund~~ to beWells ~~formed~~Fargo ~~on or about October 8~~Securities, ~~2025~~LLC ~~under the laws of the State of New York pursuant to the Pooling and Servicing Agreement. The Issuing Entity’s primary assets are expected to be twenty-six~~ (26“WFS”), ~~fixed~~J.P. ~~rate~~Morgan ~~mortgage~~Securities ~~loans~~LLC (~~the~~ “~~Mortgage Loans~~JPMS”) ~~secured by mortgages~~, ~~deeds~~Citigroup ofGlobal ~~trust,~~Markets ~~deeds~~Inc. ~~to secure debt or similar security instruments on the fee estate of the related borrower in fifty-one~~ (51“CGMI”) ~~commercial properties. Certain of the Mortgage Loans are expected to be acquired by the Registrant from WFB pursuant to a Mortgage Loan Purchase Agreement~~, ~~dated~~Goldman ~~and~~Sachs ~~effective~~& ~~as of September 22, 2025, between the Registrant and WFB, an executed version of which is attached hereto as Exhibit 99~~Co.1; ~~certain~~LLC ~~of the Mortgage Loans are expected to be acquired by the Registrant from JPMorgan Chase Bank, National Association~~ (“~~JPMCB~~GS&Co.”) ~~pursuant to a Mortgage Loan Purchase Agreement~~, ~~dated~~UBS ~~and~~Securities ~~effective~~LLC as(“UBS ~~of September 22~~Securities”), ~~2025,~~Academy ~~between the Registrant and JPMCB~~Securities, ~~an executed version of which is attached hereto as Exhibit 99~~Inc.2; ~~certain of the Mortgage Loans are expected to be acquired by the Registrant from LMF Commercial, LLC~~ (“~~LMF~~Academy”) ~~pursuant to a Mortgage Loan Purchase Agreement~~, ~~dated and effective as of September 22, 2025, between the Registrant and LMF, an executed version of~~ ~~which~~Drexel ~~is attached hereto as Exhibit 99.3; certain of the Mortgage Loans are expected to be acquired by the Registrant from RREF V – D Direct Lending Investments~~Hamilton, LLC (“~~Rialto~~Drexel”) ~~pursuant to a Mortgage Loan Purchase Agreement, dated~~ and ~~effective as~~Siebert ofWilliams ~~September~~Shank ~~22,~~& ~~2025~~Co., ~~between~~LLC the Registrant and Rialto, an executed version of which is attached hereto as Exhibit 99.4; certain of the Mortgage Loans are expected to be acquired by the Registrant from Argentic Real Estate Finance 2 (“~~AREF2~~Siebert”) ~~pursuant to a Mortgage Loan Purchase Agreement~~, ~~dated and effective~~ as ofunderwriters ~~September 22~~(collectively, ~~2025,~~in ~~between~~such ~~the Registrant and AREF2~~capacities, ~~an executed version of which is attached hereto as Exhibit 99.5; certain of~~ the ~~Mortgage Loans are expected to be acquired by the Registrant from Citi Real Estate Funding Inc. (~~“~~CREFI~~Underwriters”), pursuant to aan ~~Mortgage~~Underwriting ~~Loan Purchase~~ Agreement, dated ~~and effective~~ as of September 22, 2025, ~~between~~among the Registrant ~~and CREFI~~, anWells ~~executed~~Fargo ~~version~~Bank, ofNational ~~which~~Association ~~is attached hereto as Exhibit 99.6; certain of the Mortgage Loans are expected to be acquired by the Registrant from Goldman Sachs Mortgage Company~~ (“~~GSMC~~WFB”) ~~pursuant to a Mortgage Loan Purchase Agreement, dated~~ and ~~effective as of September 22, 2025, between~~ the ~~Registrant and GSMC, an executed version of which is~~Underwriters.

~~attached~~The ~~hereto~~Privately asOffered ~~Exhibit~~Certificates ~~99.7;~~were ~~and certain~~sold ofto ~~the~~WFS, ~~Mortgage~~JPMS, ~~Loans~~CGMI, ~~are~~GS&Co., ~~expected~~UBS toSecurities, beAcademy, ~~acquired~~Drexel byand ~~the~~Siebert, ~~Registrant~~as ~~from~~initial ~~UBS~~purchasers AG (collectively, in such capacities, the “~~UBS~~Initial Purchasers”), pursuant to a ~~Mortgage Loan~~Certificate Purchase Agreement, dated ~~and effective~~ as of September 22, 2025, ~~between~~among the Registrant, ~~and~~as ~~UBS~~depositor, anthe ~~executed~~Initial ~~version~~Purchasers, ofand ~~which~~WFB. isThe Privately Offered ~~attached~~Certificates ~~hereto~~were assold ~~Exhibit~~in 99transactions exempt from registration under the Securities Act of 1933, as amended.8.

The ~~funds~~Certificates torepresent, bein ~~used by~~ the ~~Registrant~~aggregate, tothe ~~pay~~entire ~~the~~beneficial ~~purchase~~ownership ~~price~~in ~~for~~Wells ~~the~~Fargo Commercial Mortgage ~~Loans~~Trust ~~are~~2025-5C6, ~~expected~~a tocommon belaw ~~derived~~trust ~~from~~fund ~~the~~formed ~~proceeds~~on ofOctober ~~(i)~~8, ~~the~~2025 ~~sale~~under of the ~~Publicly Offered~~laws ~~Certificates~~of by the ~~Registrant~~State toof ~~the~~New ~~Underwriters~~York pursuant to the ~~Underwriting~~Pooling ~~Agreement,~~ and ~~(ii)~~Servicing ~~the~~Agreement. ~~sale~~The ofIssuing ~~the~~Entity’s ~~Privately Offered~~primary ~~Certificates,~~assets ~~having~~are antwenty-six ~~aggregate~~(26) ~~initial~~fixed ~~principal~~rate ~~amount~~mortgage ofloans ~~$83,281,515,~~(the by“Mortgage ~~the~~Loans”) secured ~~Registrant~~by tofirst ~~WFS,~~liens ~~JPMS,~~on ~~CGMI,~~fifty-one ~~GS&Co.,~~(51) ~~UBS Securities~~commercial, ~~Academy,~~multifamily ~~Drexel~~ and/or ~~Siebert~~manufactured ~~(collectively~~housing inproperties. ~~such~~The ~~capacity,~~net proceeds of the ~~“Initial~~sale ~~Purchasers”)~~of ~~pursuant~~the toCertificates awere ~~Certificate Purchase~~applied ~~Agreement,~~to ~~dated~~the aspurchase of ~~September~~the ~~22,~~Mortgage ~~2025,~~Loans ~~among~~by the Registrant, asfrom ~~depositor~~WFB, ~~the~~JPMorgan ~~Initial~~Chase ~~Purchasers~~Bank, asNational ~~initial~~Association, ~~purchasers~~LMF Commercial, ~~and~~ ~~WFB~~LLC, ~~which~~RREF ~~Privately~~V ~~Offered~~– ~~Certificates~~D ~~will~~Direct beLending ~~sold~~Investments, inLLC, ~~transactions~~Argentic ~~exempt~~Real ~~from~~Estate ~~registration~~Finance ~~under~~2 ~~the~~LLC, ~~Securities~~Citi ~~Act~~Real ofEstate ~~1933~~Funding Inc., as ~~amended~~Goldman Sachs Mortgage Company and UBS AG.

~~The~~On ~~Publicly~~October ~~Offered~~8, ~~Certificates and~~2025, the ~~Mortgage~~Registrant ~~Loans~~sold ~~are~~all ~~more~~of ~~particularly described in~~ the ~~Prospectus,~~Publicly ~~dated~~Offered ~~September 23~~Certificates, ~~2025~~having ~~and~~an asaggregate ~~filed~~certificate ~~with~~principal ~~the~~amount ~~Securities~~of ~~and Exchange Commission on September 24~~$539, ~~2025 (the “Prospectus”)~~381,000. InThe ~~connection~~net ~~with~~proceeds ~~such~~of ~~Prospectus,~~ the ~~Chief~~offering ~~Executive Officer~~to of the Registrant ~~has~~of ~~provided~~ the ~~certification~~issuance ~~attached~~of ~~hereto~~the asPublicly ~~Exhibit~~Offered ~~36.1 and dated September 23~~Certificates, ~~2025.~~after deducting

~~The~~expenses ~~related~~payable ~~registration statement~~by ~~(file~~the noRegistrant of $6,304,047, were approximately $575,740,752. ~~333-282099)~~Of ~~was~~the ~~originally~~expenses ~~declared~~paid ~~effective~~by onthe ~~December~~Registrant, 2approximately $0 were paid directly to affiliates of the Registrant, ~~2024~~$977,568 in the form of fees were paid to the Underwriters, $993,384 were paid to or for the Underwriters and $4,333,095 were other expenses. All of the foregoing expense amounts are the Depositor’s reasonable estimates of such expenses. No underwriting discounts and commissions or finder’s fees were paid by the Registrant; the Publicly Offered Certificates were offered by the Underwriters for sale to the public in negotiated transactions or otherwise at varying prices determined at the time of sale.

Further information regarding such sales has been previously provided on the Registrant’s Current Report on Form 8-K, as filed with the Securities and Exchange Commission (Filing Date: September 24, 2025) (including, as to the price per class of Publicly Offered Certificates, on Schedule I to the Underwriting Agreement filed as an exhibit thereto) and in the Prospectus, dated September 23, 2025 and as filed with the Securities and Exchange Commission on September 24, 2025. The related registration statement (file no. 333-282099) was originally declared effective on December 2, 2024.

In connection with the issuance and sale to the Underwriters of the Publicly Offered Certificates, a legal opinion was rendered related to the validity of, and certain federal income tax considerations relating to, the Publicly Offered Certificates, which legal opinion is attached as an exhibit to this report.

Credit Risk Retention

RREF V – D Direct Lending Investments, LLC, in its capacity as “retaining sponsor” (in such capacity, the “Retaining Sponsor”), is satisfying its credit risk retention obligation under Regulation RR, 12 C.F.R. Part 43 (the “Risk Retention Rule”) in connection with the securitization of the Mortgage Loans referred to above by the purchase on the Closing Date and holding by RREF V - D AIV RR H, LLC, a “majority-owned affiliate” of RREF V – D Direct Lending Investments, LLC, of the Class E-RR, Class F-RR, Class G-RR, Class H-RR, Class J-RR and Class K-RR Certificates (the “RR Certificates”).

The RR Certificates constitute an “eligible horizontal residual interest” (as defined in the Risk Retention Rule). The aggregate fair value of the RR Certificates is equal to approximately $32,177,545 (excluding accrued interest), representing approximately 5.05% of the aggregate fair value of all of the Certificates (other than the Class R Certificates). The fair value of the Certificates (other than the Class R Certificates) was determined based on the actual sale prices and finalized tranche sizes of such Certificates.

The fair value of the “eligible horizontal residual interest” (as defined in the Risk Retention Rule) that the Retaining Sponsor is required to retain under the credit risk retention requirements of the Risk Retention Rule is equal to at least $31,841,415, representing approximately 5.00% of the aggregate fair value of all of the Certificates (other than the Class R Certificates), excluding accrued interest.

As of the Closing Date, there are no material differences between (a) the valuation methodology or any of the key inputs and assumptions that were used in calculating the fair

value or range of fair values disclosed in the Depositor’s preliminary prospectus dated September 16, 2025 and as filed with the Securities and Exchange Commission on September 18, 2025 under the heading “Credit Risk Retention” prior to the pricing of the Certificates and (b) the valuation methodology or the key inputs and assumptions that were used in calculating the fair value at the time of the Closing Date.

Item 9.01.

Financial Statements and Exhibits.

(d)

Exhibits

Exhibit No.	~~Description~~	Description
Exhibit 1.1	Underwriting Agreement, dated as of September 22, 2025, among Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, UBS Securities LLC, Academy Securities, Inc., Drexel Hamilton, LLC and Siebert Williams Shank & Co., LLC, as underwriters, and Wells Fargo Bank, National Association.
Exhibit 5		Legality Opinion of Cadwalader, Wickersham & Taft LLP, dated October 8, 2025.
Exhibit 4.1	Pooling and Servicing Agreement, dated and effective as of October 1, 2025, among Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.
Exhibit 8		Tax Opinion of Cadwalader, Wickersham & Taft LLP, dated October 8, 2025 (included as part of Exhibit 5).
Exhibit 4.2	Trust and Servicing Agreement, dated as of August 1, 2025, between Morgan Stanley Capital I Inc., as Depositor, Trimont LLC, as Servicer, Situs Holdings, LLC, as Special Servicer, and Computershare Trust Company, National Association, as Trustee, Certificate Administrator and Custodian.
Exhibit 23		Consent of Cadwalader, Wickersham & Taft LLP (included as part of Exhibit 5).
Exhibit 4.3	Pooling and Servicing Agreement, dated and effective as of August 1, 2025, between Banc of America Merrill Lynch Commercial Mortgage Inc., as Depositor, Trimont LLC, as Master Servicer, LNR Partners, LLC, as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Deutsche Bank National Trust Company, as Trustee, and BellOak, LLC, as Operating Advisor and as Asset Representations Reviewer.
Exhibit 4.4	Pooling and Servicing Agreement, dated and effective as of August 1, 2025, among Barclays Commercial Mortgage Securities LLC, as Depositor, Trimont LLC, as Master Servicer, K-Star Asset Management LLC, as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.
Exhibit 4.5	Co-Lender Agreement, dated as of September 11, 2025, by and between RREF V – D DLI WF, LLC, in its capacity as initial owner of Note A-1, and Morgan Stanley Mortgage Capital Holdings LLC, in its capacity as initial owner of Note A-2.
Exhibit 4.6	Co-Lender Agreement, dated as of May 22, 2025 by and among JPMorgan Chase Bank, National Association, in its capacity as initial owner of the Note A-1, in its

	capacity as initial owner of the Note A-2, and in its capacity as initial owner of the Note A-3.
Exhibit 4.7	Agreement Between Noteholders, dated as of September 17, 2025, by and among UBS AG New York Branch, in its capacity as initial owner of Note A-1-1, as the initial agent, as initial owner of Note A-1-2, as initial owner of Note A-1-3, as initial owner of Note A-1-4, and Wells Fargo Bank, National Association, as initial owner of Note A-2-1, as initial owner of Note A-2-2, as initial owner of Note A-2-3 and as initial owner of Note A-2-4.
Exhibit 4.8	Co-Lender Agreement, dated as of September 12, 2025, by and between Citi Real Estate Funding Inc., as initial owner of the Note A-1, as initial agent, and as initial owner of the Note A-2.
Exhibit 4.9	Agreement Between Note Holders, dated as of August 14, 2025 by and between Morgan Stanley Bank, N.A., as initial owner of Note A-1-1, Note A-1-2, Note B-1, Note C-1, Note D-1 and Note E-1, Bank of Montreal, as initial owner of Note A-2-1, Note A-2-2, Note B-2, Note C-2, Note D-2 and Note E-2, Goldman Sachs Bank USA (“GS Bank”), as initial owner of Note A-3-1, Note A-3-2, Note B-3, Note C-3, Note D-3 and Note E-3, JPMorgan Chase Bank, National Association, as initial owner of Note A-4-1, Note A-4-2, Note B-4, Note C-4, Note D-4 and Note E-4, and Morgan Stanley Mortgage Capital Holdings LLC, as the initial agent.
Exhibit 4.10	Agreement Between Noteholders, dated as of July 18, 2025, between Morgan Stanley Bank, N.A., as holder of Note A-1, Goldman Sachs Bank USA, as holder of Note A-2, and CPPIB Credit Investments III Inc., as holder of Note B, and Morgan Stanley Mortgage Capital Holdings LLC, as initial agent.
Exhibit 4.11	Co-Lender Agreement, dated as of July 3, 2025, is between LMF Commercial, LLC, a Delaware limited liability company, as the holder of Note A-1 and as the holder of Note A-2.
Exhibit 36.1	Depositor’s Certification for Shelf Offerings of Asset-Backed Securities in respect of that certain Prospectus dated September 23, 2025, which such certification is dated September 23, 2025.
Exhibit 99.1	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between Wells Fargo Bank, National Association, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.
Exhibit 99.2	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between JPMorgan Chase Bank, National Association, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.
Exhibit 99.3	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between LMF Commercial, LLC, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.

Exhibit 99.4	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between RREF V – D Direct Lending Investments, LLC, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.
Exhibit 99.5	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between Argentic Real Estate Finance 2 LLC, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.
Exhibit 99.6	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between Citi Real Estate Funding Inc., as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.
Exhibit 99.7	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between Goldman Sachs Mortgage Company, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.
Exhibit 99.8	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between UBS AG, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.
Exhibit 99.9	Primary Servicing Agreement, dated as of October 1, 2025, by and between Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, and Trimont LLC, as primary servicer.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 22, 2025	WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC. (Registrant)
Date:	October 8, 2025	WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC.
	By:	/s/ Anthony J. Sfarra
		(Registrant)
		Name: Anthony J. Sfarra
		By:	/s/ Anthony J. Sfarra
		Title: President
			Name:	Anthony J. Sfarra
			Title:	President

INDEX TO EXHIBITS

Item 601(a) of Regulation S-K Exhibit No.	Description	Paper (P) or Electronic (E)
1.1	Underwriting Agreement, dated as of September 22, 2025, among Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, UBS Securities LLC, Academy Securities, Inc., Drexel Hamilton, LLC and Siebert Williams Shank & Co., LLC, as underwriters, and Wells Fargo Bank, National Association.	(E)
5	Legality Opinion of Cadwalader, Wickersham & Taft LLP, dated October 8, 2025.	(E)
4.1	Pooling and Servicing Agreement, dated and effective as of October 1, 2025, among Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.	(E)
8	Tax Opinion of Cadwalader, Wickersham & Taft LLP, dated October 8, 2025 (included as part of Exhibit 5).	(E)
4.2	Trust and Servicing Agreement, dated as of August 1, 2025, between Morgan Stanley Capital I Inc., as Depositor, Trimont LLC, as Servicer, Situs Holdings, LLC, as Special Servicer, and Computershare Trust Company, National Association, as Trustee, Certificate Administrator and Custodian.	(E)
23	Consent of Cadwalader, Wickersham & Taft LLP (included as part of Exhibit 5).	(E)

Item 601(a) of Regulation S-K Exhibit No.	Description	Paper (P) or Electronic (E)
4.3	Pooling and Servicing Agreement, dated and effective as of August 1, 2025, between Banc of America Merrill Lynch Commercial Mortgage Inc., as Depositor, Trimont LLC, as Master Servicer, LNR Partners, LLC, as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Deutsche Bank National Trust Company, as Trustee, and BellOak, LLC, as Operating Advisor and as Asset Representations Reviewer.	(E)
4.4	Pooling and Servicing Agreement, dated and effective as of August 1, 2025, among Barclays Commercial Mortgage Securities LLC, as Depositor, Trimont LLC, as Master Servicer, K-Star Asset Management LLC, as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.	(E)
4.5	Co-Lender Agreement, dated as of September 11, 2025, by and between RREF V – D DLI WF, LLC, in its capacity as initial owner of Note A-1, and Morgan Stanley Mortgage Capital Holdings LLC, in its capacity as initial owner of Note A-2.	(E)
4.6	Co-Lender Agreement, dated as of May 22, 2025 by and among JPMorgan Chase Bank, National Association, in its capacity as initial owner of the Note A-1, in its capacity as initial owner of the Note A-2, and in its capacity as initial owner of the Note A-3.	(E)

Item 601(a) of Regulation S-K Exhibit No.	Description	Paper (P) or Electronic (E)
4.7	Agreement Between Noteholders, dated as of September 17 2025, by and among UBS AG New York Branch, in its capacity as initial owner of Note A-1-1, as the initial agent, as initial owner of Note A-1-2, as initial owner of Note A-1-3, as initial owner of Note A-1-4, and Wells Fargo Bank, National Association, as initial owner of Note A-2-1, as initial owner of Note A-2-2, as initial owner of Note A-2-3 and as initial owner of Note A-2-4.	(E)
4.8	Co-Lender Agreement, dated as of September 12, 2025, by and between Citi Real Estate Funding Inc., as initial owner of the Note A-1, as initial agent, and as initial owner of the Note A-2.	(E)
4.9	Agreement Between Note Holders, dated as of August 14, 2025 by and between Morgan Stanley Bank, N.A., as initial owner of Note A-1-1, Note A-1-2, Note B-1, Note C-1, Note D-1 and Note E-1, Bank of Montreal, as initial owner of Note A-2-1, Note A-2-2, Note B-2, Note C-2, Note D-2 and Note E-2, Goldman Sachs Bank USA (“GS Bank”), as initial owner of Note A-3-1, Note A-3-2, Note B-3, Note C-3, Note D-3 and Note E-3, JPMorgan Chase Bank, National Association, as initial owner of Note A-4-1, Note A-4-2, Note B-4, Note C-4, Note D-4 and Note E-4, and Morgan Stanley Mortgage Capital Holdings LLC, as the initial agent.	(E)
4.10	Agreement Between Noteholders, dated as of July 18, 2025, between Morgan Stanley Bank, N.A., as holder of Note A-1, Goldman Sachs Bank USA, as holder of Note A-2, and CPPIB Credit Investments III Inc., as holder of Note B, and Morgan Stanley Mortgage Capital Holdings LLC, as initial agent.	(E)

Item 601(a) of Regulation S-K Exhibit No.	Description	Paper (P) or Electronic (E)
4.11	Co-Lender Agreement, dated as of July 3, 2025, is between LMF Commercial, LLC, a Delaware limited liability company, as the holder of Note A-1 and as the holder of Note A-2.	(E)
36.1	Depositor’s Certification for Shelf Offerings of Asset-Backed Securities in respect of that certain Prospectus dated September 23, 2025, which such certification is dated September 23, 2025.	(E)
99.1	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between Wells Fargo Bank, National Association, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.	(E)
99.2	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between JPMorgan Chase Bank, National Association, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.	(E)
99.3	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between LMF Commercial, LLC, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.	(E)
99.4	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between RREF V – D Direct Lending Investments, LLC, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.	(E)

Item 601(a) of Regulation S-K Exhibit No.	Description	Paper (P) or Electronic (E)
99.5	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between Argentic Real Estate Finance 2 LLC, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.	(E)
99.6	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between Citi Real Estate Funding Inc., as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.	(E)
99.7	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between Goldman Sachs Mortgage Company, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.	(E)
99.8	Mortgage Loan Purchase Agreement, dated and effective as of September 22, 2025, between UBS AG, as seller, and Wells Fargo Commercial Mortgage Securities, Inc., as purchaser.	(E)
99.9	Primary Servicing Agreement, dated as of October 1, 2025, by and between Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, and Trimont LLC, as primary servicer.	(E)

Filing Compare · Wells Fargo Commercial Mortgage Trust 2025-5C6