The pool for Domi 2025-1 B.V. (Domi 2025-1) contains €302.4 million prime buy-to-let (BTL) mortgage loans located in the Netherlands and originated by Domivest B.V. Domivest was established in 2017 to provide lending to Dutch professional BTL investors. Domi 2025-1 is the latest securitization originated by Domivest. The transaction structure is similar to the previous Domi transactions. However, compared to Domi 2024-1 B.V., in this transaction only class A to D notes are issued and rated. The rating we assigned to the class D-Dfrd notes is two notches above the preliminary rating, due to the lower margin and swap cost (see "Related Research"). The pool comprises loans originated by Domivest B.V. Domivest is managed and majority-owned by its founder, Cervus