Arroyo Mortgage Trust 2021-1R: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the following Mortgage-Backed Notes, Series 2021-1R (the Notes) to be issued by Arroyo Mortgage Trust 2021-1R (the Trust):

-- $342.9 million Class A-1 at AAA (sf)
-- $27.6 million Class A-2 at AA (sf)
-- $20.9 million Class A-3 at A (sf)
-- $11.4 million Class M-1 at BBB (sf)
-- $1.8 million Class B-1 at BB (sf)
-- $812.0 thousand Class B-2 at B (sf)