Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to six classes of mortgage pass-through certificates from SG Residential Mortgage Trust 2021-2 (SGR 2021-2).
The offering is a $229.4 million non-prime residential mortgage-backed security transaction sponsored by Shelter Growth Master Residential Mortgage Credit Fund. It comprises 376 residential mortgages characterized by moderate borrower leverage and a notable concentration of alternative income documentation.