Velocity Commercial Capital Loan Trust 2021-3: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned its provisional ratings to the Mortgage-Backed Certificates, Series 2021-3 (the Certificates) issued by Velocity Commercial Capital Loan Trust 2021-3 (VCC 2021-3 or the Issuer) as follows:

-- $139.7 million Class A at AAA (sf)
-- $139.7 million Class A-S at AAA (sf)
-- $139.7 million Class A-IO at AAA (sf)
-- $17.9 million Class M-1 at AA (low) (sf)
-- $17.9 million Class M1-A at AA (low) (sf)
-- $17.9 million Class M1-IO at AA (low) (sf)
-- $11.3 million Class M-2 at A (low) (sf)
-- $11.3 million Class M2-A at A (low) (sf)
-- $11.3 million Class M2-IO at A (low) (sf)
-- $9.6 million Class M-3 at BBB (sf)
-- $9.6 million Class M3-A at BBB (sf)
-- $9.6 million Class M3-IO at BBB (sf)
-- $5.6 million Class M-4 at BB (sf)
-- $5.6 million Class M4-A at BB (sf)
-- $5.6 million Class M4-IO at BB (sf)
-- $7.1 million Class M-5 at B (sf)
-- $7.1 million Class M5-A at B (sf)
-- $7.1 million Class M5-IO at B (sf)