OnDeck Asset Securitization Trust II LLC, Series 2018-1: Presale Report

DBRS, Inc. (DBRS) assigned provisional ratings to the following classes of notes to be issued by OnDeck Asset Securitization Trust II LLC (the Issuer):

-- $177,500,000 Series 2018-1 Asset-Backed Notes, Class A rated AA (sf)
-- $15,500,000 Series 2018-1 Asset-Backed Notes, Class B rated A (sf)
-- $20,000,000 Series 2018-1 Asset-Backed Notes, Class C rated BBB (sf)
-- $12,000,000 Series 2018-1 Asset-Backed Notes, Class D rated BB (high) (sf)

The provisional ratings are based on a review by DBRS of the following analytical considerations: