Mill City Mortgage Loan Trust 2018-4: Rating Report

DBRS, Inc. (DBRS) finalized its provisional ratings on the Mortgage Backed Securities, Series 2018-4 (the Notes) issued by Mill City Mortgage Loan Trust 2018-4 (the Trust) as follows:

-- $60.7 million Class A1A at AAA (sf)
-- $317.1 million Class A1B at AAA (sf)
-- $377.9 million Class A1 at AAA (sf)
-- $410.8 million Class A2 at AA (sf)
-- $450.3 million Class A3 at A (sf)
-- $485.8 million Class A4 at BBB (sf)
-- $33.0 million Class M1 at AA (sf)
-- $39.5 million Class M2 at A (sf)
-- $35.5 million Class M3 at BBB (sf)
-- $41.7 million Class B1 at BB (low) (sf)
-- $36.7 million Class B2 at B (low) (sf)

Classes A1, A2, A3 and A4 are exchangeable notes. These classes can be exchanged for combinations of exchange notes as specified in the offering documents.