Starwood Mortgage Residential Trust 2019-INV1: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized provisional ratings and also discontinued and withdrew a provisional rating on Starwood Mortgage Residential Trust 2019-INV1 (STAR 2019-INV1 or the Issuer), a securitization of a portfolio of fixed- and adjustable-rate, expanded prime and non-prime first-lien residential mortgages funded by the issuance of the Mortgage Pass Through Certificates, Series 2019-INV1 (the Certificates). This transaction marks the first issuance on the Starwood Mortgage Residential Trust shelf backed entirely by loans originated to investors under debt service coverage ratio (DSCR) programs. The Certificates are backed by 919 mortgage loans with a total principal balance of $370,293,937 as of the Cut-Off Date (September 1, 2019).