MSC 2018-H3 - Charts and Resources

Data discoverability for CMBS deal MSC 2018-H3 updated as of 2018-06-18.

2018-06-18

Deal Overview

Morgan Stanley Capital I Trust 2018-H3's issuance is a U.S. CMBS transaction issued from the MSC shelf and backed by 70 commercial mortgage loans with an aggregate principal balance of 983.6 million at issuance, secured by the fee and leasehold interests in 131 properties across 28 U.S. states.
Rating AgenciesS&P, Fitch, MorningstarDepositorMorgan Stanley Capital I Inc.Master ServicerTrimontSpecial ServicerLNR PartnersOperating AdvisorPark Bridge Lender ServicesCertificate AdministratorComputershare Trust Company, N.A.TrusteeWilmington Trust, National Association

Deal Metrics

Key performance indicators and statistics tracking the deal's current status and history.

Key Deal Information

Original Trust Amount
$1,024,689,455
Current Trust Amount
$880,014,589(11.0%)
Number of Loans
71
Number of Properties
131
Average Loan Size
$14,638,421
Weighted Average Interest Rate
4.9%
Weighted Average Term
114 months

Key Dates

Origination Date
6/8/2018
Most Recent Valuation Date
11/26/2024
Most Recent Transfer Date
1/13/2025
Most Recent Return Date
2/26/2021
Most Recent Modification Date
8/6/2020

Special Servicing

Loans in Special Servicing
4
Special Servicing Balance
$84,955,864
Loans Returned to Master
1
Balance Returned to Master
$40,000,000
Avg Special Servicing Time
352 days
Avg Time to Return to Master
232 days

Modifications

Number of Modifications
7
Modified Amount
$139,961,144

Valuations

Total Valuation at Issuance
$3,993,640,000
Current Total Valuation
$3,834,350,000
Number of Updated Valuations
4
Total Updated Valuation
$262,400,000
Valuation Change Amount
-$30,300,000
Valuation Change Percentage
-75.0%

Deal Charts

Fund Holdings

Explore a list of funds that include MSC 2018-H3 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
PGIM Total Return Bond Fund2025-03-27Search FIGILookup LEIA-4$7,843,8212025-10-31
Performance Trust Total Return Bond Fund2025-04-08Search FIGILookup LEIX-D, A-SB, X-B$6,540,1722025-08-31
iShares U.S. Securitized Bond Index Fund2025-03-27Search FIGILookup LEIA-4$2,407,6292025-10-31
Global Bond Fund2025-03-21Search FIGILookup LEID$2,001,3562025-10-31
BlackRock Multi-Asset Income Portfolio2025-03-26Search FIGILookup LEIC$1,344,0012025-07-31
Touchstone Strategic Trust-Touchstone Balanced Fund2024-11-22Search FIGILookup LEIA-5$1,081,4622025-06-30
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund2025-01-29Search FIGILookup LEIA-5$977,0262025-08-31
iShares CMBS ETF2025-03-27Search FIGILookup LEIC, A-4$858,4302025-10-31
iShares Flexible Income Active ETF2025-03-27Search FIGILookup LEIA-S, B$802,0172025-07-31
Putnam Mortgage Opportunities Fund2025-01-28Search FIGILookup LEIC$763,0392025-05-31
SPDR Portfolio Aggregate Bond ETF2024-11-25Search FIGILookup LEIA-5$730,9412025-06-30
Payden Core Bond Fund2025-03-27Search FIGILookup LEIX-A$270,8182025-10-31
SIIT ULTRA SHORT DURATION BOND FUND2025-01-29Search FIGILookup LEIA-SB$207,0712025-05-31
BlackRock Dynamic High Income Portfolio2025-03-26Search FIGILookup LEIC$149,3332025-07-31
American Century Multisector Income ETF2025-01-24Search FIGILookup LEID$114,2552025-08-31
NYLI MacKay Securitized Income ETF2024-12-26Search FIGILookup LEID$110,3552025-04-30
American Century Short Duration Strategic Income ETF2025-01-24Search FIGILookup LEID$18,2152025-08-31
Fund NameTranchesIds
PGIM Total Return Bond Fund
$7,843,821
2025-10-31
A-4Search FIGI
Lookup LEI
Performance Trust Total Return Bond Fund
$6,540,172
2025-08-31
X-D, A-SB, X-BSearch FIGI
Lookup LEI
iShares U.S. Securitized Bond Index Fund
$2,407,629
2025-10-31
A-4Search FIGI
Lookup LEI
Global Bond Fund
$2,001,356
2025-10-31
DSearch FIGI
Lookup LEI
BlackRock Multi-Asset Income Portfolio
$1,344,001
2025-07-31
CSearch FIGI
Lookup LEI
Touchstone Strategic Trust-Touchstone Balanced Fund
$1,081,462
2025-06-30
A-5Search FIGI
Lookup LEI
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund
$977,026
2025-08-31
A-5Search FIGI
Lookup LEI
iShares CMBS ETF
$858,430
2025-10-31
C, A-4Search FIGI
Lookup LEI
iShares Flexible Income Active ETF
$802,017
2025-07-31
A-S, BSearch FIGI
Lookup LEI
Putnam Mortgage Opportunities Fund
$763,039
2025-05-31
CSearch FIGI
Lookup LEI
SPDR Portfolio Aggregate Bond ETF
$730,941
2025-06-30
A-5Search FIGI
Lookup LEI
Payden Core Bond Fund
$270,818
2025-10-31
X-ASearch FIGI
Lookup LEI
SIIT ULTRA SHORT DURATION BOND FUND
$207,071
2025-05-31
A-SBSearch FIGI
Lookup LEI
BlackRock Dynamic High Income Portfolio
$149,333
2025-07-31
CSearch FIGI
Lookup LEI
American Century Multisector Income ETF
$114,255
2025-08-31
DSearch FIGI
Lookup LEI
NYLI MacKay Securitized Income ETF
$110,355
2025-04-30
DSearch FIGI
Lookup LEI
American Century Short Duration Strategic Income ETF
$18,215
2025-08-31
DSearch FIGI
Lookup LEI
* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.

Deal Documents

Links to the deal documents for MSC 2018-H3.

Recent Special Servicing Commentary

Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for MSC 2018-H3, giving insights into the current situation and actions being taken.

The Loan was transferred to the Special Servicer on 11/26/24 due to Delinquent Payments. The Loan is currently due for 9/6/2024 payment. The collateral is a 4-story, 65,242 SF Class A mixed use building located in Coral Gables, FL. The Property is comprised of 14 ground floor retail suites totaling 39,585 SF, 7 office suites totaling 25,567 SF and a 615-space parking garage. The Property is 80.5% occupied per 12/01/24 rent roll and reported an annualized YTD 9-2024 NOI/DSCR of $1.96MM/1.15x. The Borrower is working with a third-party buyer on a potential sale of the Property. The Lender will continue discussions with the Borrower while dual tracking foreclosure. A foreclosure complaint was filed.

2025-03-31
55 Miracle Mile
Raoul A. Thomas

The loan transferred to Special Servicing effective 9/10/2024 for imminent non monetary default. The subject is a 1,156,393 SF suburban office complex comprised of five office buildings located in Westchester, IL, built in 1986 and renovated in 2016. As of February 2025, the subject is 64.9% leased. This is compared to YE 2023 and YE 2022 leased occupancies of 67.1% and 71.3%, respectively. The Property's largest tenant is at lease with an amendment to reduce their footprint by nearly two thirds , while extending the term on their remaining premises by 7.5 years. Once finalized, occupancy will decrease to 57.8%. A site inspection was completed in November and noted the Property is in good condition with no observed deferred maintenance. One of three pari passu loans. Discussions with the Borrower regarding a potential loan modification are ongoing.

2025-03-31
Westbrook Corporate Center
Raymond Massa

The Loan was transferred to the Special Servicer on 1/21/2025 due to Delinquent Payments. The Loan is next due for 11/6/2024 payment. The collateral consists of a portfolio of three, Class B, suburban office buildings totaling 128,563 SF, located in Lake Worth, West Palm Beach and Stuart (the 'Property'). As of 01/2025, the Property reported 79.8% occupancy and a YE 2024 NOI/DSCR of $2.9MM/2.75x. The Borrower is working with a third-party buyer on a potential sale of the Property and is in the process of finalizing the PSA negotiations. Lender will continue discussions with the Borrower while simultaneously reserving all rights under the Loan Documents.

2025-03-31
Portfolio (3 Office properties)
Raoul A. Thomas

The Loan transferred on 12/17/2020 due to payment default stemming from the COVID-19 pandemic. Lender has performed a books and records inspection and is pursuing a foreclosure strategy. Receivership hearing occurred on 11/22/2022 and the order appointing a receiver was entered by court on 1/25/2023. Borrower filed a notice of appeal regarding the receivership order. Special Servicer filed a pre-motion conference request to obtain leave to file for summary judgment. Motion for summary judgment has been fi led and fully briefed. On May 25, 2023, lender's motion for summary judgment was granted. Proposed computation of amounts due was fully briefed. Special Servicer awaits for court's adjudication and

2025-03-31
Portfolio (3 MU properties)
Edmond Li
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.

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CMBS Fund Holdings Dataset

Filing data from sec.gov NPORT-P to produce the Fund Holdings table.

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