KBRA Assigns Preliminary Ratings to Morgan Stanley Residential Mortgage Loan Trust 2025-DSC2

Wednesday, Jul 9, 2025 12:51 pm ET1min read

KBRA assigns preliminary ratings to eight classes of mortgage-backed certificates from Morgan Stanley Residential Mortgage Loan Trust 2025-DSC2, a $399.3 million pool of 1,280 rental-property mortgages with a moderate original CLTV ratio of 68.8%. The transaction is backed by collateral underwritten to debt-service coverage ratio guidelines and is exempt from the ATR/QM rule due to being originated for business purposes. The ratings are based on loan-level analysis, cash flow modeling, and reviews of key transaction parties.

KBRA Assigns Preliminary Ratings to Morgan Stanley Residential Mortgage Loan Trust 2025-DSC2

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