FREE WRITING PROSPECTUS

FILED PURSUANT TO RULE 433

REGISTRATION FILE NO.: 333-257991-09

From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 12/08/23 15:06:50 UTC-5:00

To: Nicholas Cerulo (WELLS FARGO SECURITI )

Subject: MSWF 2023-2 - PUBLIC NEW ISSUE **PRICED**

MSWF 2023-2 - PUBLIC NEW ISSUE **PRICED**

$828.74MM FIXED-RATE CMBS OFFERING

CO-LEAD MANAGERS & JOINT BOOKRUNNERS:	WELLS FARGO SECURITIES, LLC MORGAN STANLEY & CO. LLC BOFA SECURITIES, INC.
CO-MANAGERS:	ACADEMY SECURITIES, INC. DREXEL HAMILTON, LLC SIEBERT WILLIAMS SHANK & CO., LLC

OFFERED CERTIFICATES - PUBLIC

TOTAL OFFERED

CLASS	FITCH/KBRA/MOODY'S	SIZE($MM)	SIZE($MM)	C/E	WAL	SPRD	CPN%	YLD%	$PX
A-1	AAAsf/AAA(sf)/Aaa(sf)	2.741	2.654	30.000%	2.18	Preplaced
A-2	AAAsf/AAA(sf)/Aaa(sf)	69.432	67.244	30.000%	4.83	J+193	6.89000	6.1858	102.9971
A-SB	AAAsf/AAA(sf)/Aaa(sf)	6.496	6.291	30.000%	7.21	J+148	6.23100	5.7473	102.9995
A-5	AAAsf/AAA(sf)/Aaa(sf)	561.457	543.771	30.000%	9.63	J+141	6.01400	5.6445	102.9995
X-A	AAAsf/AAA(sf)/Aaa(sf)	640.126	619.962	N/A	N/A	T+225	1.14115	6.4976	6.5743
A-S	AAAsf/AAA(sf)/Aa1(sf)	121.167	117.350	16.750%	9.90	J+190	6.49100	6.1309	102.9957
B	AA-sf/AA-(sf)/NR	38.865	37.640	12.500%	9.90	J+235	7.11014	6.5809	102.9991
C	A-sf/A-(sf)/NR	28.577	27.646	9.375%	9.93	J+300	7.25214	7.2304	99.44500

NON-OFFERED CERTIFICATES - PRIVATE (144A)

TOTAL OFFERED

CLASS	FITCH/KBRA/MOODY'S	SIZE($MM)	SIZE($MM)	C/E	WAL	CUM LTV	NOI DY
D	BBBsf/BBB+(sf)/NR	14.860	14.391	7.750%	9.98	45.2%	16.0%
E	BBB-sf/BBB(sf)/NR	9.145	8.856	6.750%	9.98	45.7%	15.9%

COLLATERAL SUMMARY

INITIAL POOL BALANCE:	$914,466,875
NUMBER OF LOANS:	46
NUMBER OF PROPERTIES:	100
WA CUT-OFF LTV:	49.1%
WA BALLOON LTV:	48.4%
WA U/W NCF DSCR:	1.99x
WA U/W NOI DEBT YIELD:	14.8%
WA MORTGAGE RATE:	7.0381%
TOP TEN LOANS %:	59.9%
WA REM TERM TO MATURITY (MOS):	113
WA REM AMORTIZATION TERM (MOS):	359
WA SEASONING (MOS):	3
LOAN SELLERS:	WFB (31.5%), MSMCH (21.5%), AREF2 (20.7%), BANA (10.0%), BANA/MSMCH (8.2%), SMC (8.1%)
TOP 3 PROPERTY TYPES:	RETAIL (44.1%), MULTIFAMILY (12.5%), HOSPITALITY (11.5%)
TOP 5 STATES:	CA (13.5%), MD (11.8%), NY (9.8%), TX (9.5%), PA (8.6%)
MASTER SERVICER:	WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:	ARGENTIC SERVICES COMPANY LP
DIRECTING CERTIFICATEHOLDER:	ARGENTIC SECURITIES HOLDINGS 2 CAYMAN LIMITED

DOCUMENTS & TIMING

TERM SHEET, ANNEX A-1: ATTACHED

PRELIM PROSPECTUS: ATTACHED

PRESALE REPORTS: AVILABLE

ANTICIPATED SETTLEMENT: December 21, 2023

THIRD PARTY PASSWORDS:

Name PW

BBG/Trepp MSWF 2023-2 MSWF232

Intex MSWF2302 0227hsq17g7gvmarp6v1z

To participate in the Conference Call, register using the link or the button below to:

Registration Link: https://www.netroadshow.com/events/login?show=25c378d1&confId=58554

CONFERENCE CALLS: UPON DEMAND

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. 333-257991) 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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