Bunker Hill Loan Depositary Trust 2019-3: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following Mortgage-Backed Notes, Series 2019-3 (the Notes) issued by Bunker Hill Loan Depositary Trust 2019-3 (BHLD 2019-3 or the Trust):

-- $189.8 million Class A-1 at AAA (sf)
-- $24.9 million Class A-2 at AA (low) (sf)
-- $35.9 million Class A-3 at A (sf)
-- $15.3 million Class M-1 at BBB (sf)
-- $19.9 million Class B-1 at BB (sf)
-- $10.7 million Class B-2 at B (sf)