Mill City Mortgage Loan Trust 2021-NMR1: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following Mortgaged-Backed Securities, Series 2021-NMR1 (the Notes) issued by Mill City Mortgage Loan Trust 2021-NMR1 (the Trust):

-- $40.3 million Class A1A at AAA (sf)
-- $120.9 million Class A1B at AAA (sf)
-- $161.2 million Class A1 at AAA (sf)
-- $190.9 million Class A2 at AA (high) (sf)
-- $209.8 million Class A3 at A (high) (sf)
-- $226.1 million Class A4 at BBB (high) (sf)
-- $29.7 million Class M1 at AA (high) (sf)
-- $18.9 million Class M2 at A (high) (sf)
-- $8.1 million Class M3A at BBB (high) (sf)
-- $8.1 million Class M3B at BBB (high) (sf)
-- $16.3 million Class M3 at BBB (high) (sf)
-- $6.8 million Class B1A at BB (high) (sf)
-- $6.8 million Class B1B at BB (high) (sf)
-- $13.6 million Class B1 at BB (high) (sf)
-- $6.3 million Class B2A at B (high) (sf)
-- $6.3 million Class B2B at B (high) (sf)
-- $12.5 million Class B2 at B (high) (sf)