Mello Warehouse Securitization Trust 2021-3: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned the following provisional ratings to Mello Warehouse Securitization Notes, Series 2021-3 (the Notes) to be issued by Mello Warehouse Securitization Trust 2021-3 (MWST 2021-3):

-- $335.0 million Class A at AAA (sf)
-- $5.5 million Class B at AA (low) (sf)
-- $52.5 million Class C at A (sf)
-- $46.8 million Class D at BBB (sf)