MSC 2018-L1 – Deal Overview & Connected Data

Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated January 2, 2026.
2026-01-02
Coverage: Freshness: Latency: Last schema change:

Quick Answer

What is MSC 2018-L1? A US commercial mortgage-backed security ($900.7M; 47 loans; 49 properties).

Identifiers: Series msc2018-l1; CIK 1751743.

Unique value: Dealcharts provides computed pool metrics, time-series performance analysis, and cross-deal comparisons not available in raw SEC EDGAR filings.

Sources: SEC EDGAR CIK 1751743.

Who's Involved#

Rating AgenciesMoodys, Fitch, Morningstar
Operating AdvisorPentalpha Surveillance
Master ServicerMidland Loan Services
Special ServicerMidland Loan Services
DepositorMorgan Stanley & Co. Incorporated
Special ServicerK-Star Asset Management

Deal Metrics

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

Deal Overview

Original Trust Amount
$900,725,526
Current Trust Amount
$819,213,245
Number of Loans
47
Number of Properties
49
Average Loan Size
$19,164,373

Portfolio Characteristics

Weighted Average Interest Rate
4.8%
Weighted Average Term
117 months
Original Valuation
$8,164,595,000
Current Valuation
$9,082,135,000

Key Dates

Origination Date
9/27/2018
Latest Valuation
9/3/2025
Latest Transfer
11/4/2025
Latest Return
12/23/2024
Latest Modification
6/1/2020

Special Servicing Status

Loans in Special Servicing
4
Special Servicing Balance
$80,637,952
Loans Returned to Master
3
Balance Returned
$60,572,177
Avg Time in Special Servicing
692 days
Avg Time to Return
667 days

Valuation Changes

Updated Valuations
23
Total Updated Value
$559,900,000
Value Change Amount
-$7,800,000
Value Change Percentage
175.8%

Modifications

Number of Modifications
4
Modified Balance
$67,519,512

Fund Exposure#

Source: NPORT-P & related disclosures • 2025-11-24
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
Neuberger Berman Strategic Income Fund2025-06-24Search FIGILookup LEIA-S$4,668,8212025-10-31
JPMorgan Income Builder Fund2025-12-29Search FIGILookup LEIE$4,297,3992025-10-31
Global Bond Fund2025-09-24Search FIGILookup LEID$3,432,0462025-10-31
Putnam ESG Core Bond ETF2025-12-29Search FIGILookup LEIC$1,171,3342026-04-30
Putnam Core Bond Fund2025-12-23Search FIGILookup LEIC$972,3062025-10-31
Empower Short Duration Bond Fund2025-11-19Search FIGILookup LEIA-3$684,3792025-12-31
Short Duration Strategic Income Fund2025-11-28Search FIGILookup LEID$639,4372026-03-31
Putnam Dynamic Asset Allocation Balanced Fund2025-11-24Search FIGILookup LEIA-3$333,8562025-09-30
Putnam Income Fund2025-09-23Search FIGILookup LEIC$307,4132025-10-31
DoubleLine Opportunistic Core Bond ETF2025-11-24Search FIGILookup LEIC$261,4982025-09-30
AAM SLC Low Duration Income ETF2025-12-30Search FIGILookup LEIC$228,0392025-10-31
American Century Short Duration Strategic Income ETF2025-10-29Search FIGILookup LEID$32,3492025-08-31
12 of 12 funds* Use toggle buttons to sort
* 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.
Filings are mapped to tranches/deals with normalized identifiers.Quality & lineageFund not listed or misattributed? Contact us at data@dealcharts.org to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2025-12-01
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2018-10-23
Final Prospectus
Document filing with updated information.
View on SEC →
2018-10-04
Preliminary Prospectus
Document filing with updated information.
View on SEC →
2018-10-03
Final Termsheet
Document filing with updated information.
View on SEC →
2018-10-03
Annex A
Document filing with updated information.
View on SEC →

Context & Commentary#

Entity Statements

💬 Servicer Commentary

2025-12-01
Portfolio (2 Multifamily properties)
Pinchos D. Shemano
Prospectus ID: 18
11/12/2025 - Subject loan is a new transfer as of 11/6/2025. Loan transferred due to payment default.
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💬 Servicer Commentary

2025-12-01
Prospectus ID: 16A2
11/07/2025: Loan transferred to Special Servicing on 12/01/22. The collateral consists of a portfolio of seven industrial and office properties totaling 640,983 SF class A & B assets located in Bloomfield, New Providence, and Piscataway, NJ. All properti es are well occupied at 98%+. Loan transferred for non-monetary defaults. Lender is pursuing legal remedies against Borrower as well as seeking approval for a Discounted pay off that has been negotiated with the Borrower.
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💬 Servicer Commentary

2025-12-01
Prospectus ID: 16A5
11/07/2025: Loan transferred to Special Servicing on 12/01/22. The collateral consists of a portfolio of seven industrial and office properties totaling 640,983 SF class A & B assets located in Bloomfield, New Providence, and Piscataway, NJ. All properti es are well occupied at 98%+. Loan transferred for non-monetary defaults. Lender is pursuing legal remedies against Borrower as well as seeking approval for a Discounted pay off that has been negotiated with the Borrower.
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💬 Servicer Commentary

2025-12-01
901 West Madison
Saul Sutton
Prospectus ID: 41
11/12/2025 - Loan transferred to SS on 4/8/2025 due to payment default. Collateral is a 16,052 sf retail property located in Chicago, Illinois and is currently 77% occupied to six tenants. Borrower has refused to sign a PNL. Counsel has been engaged and i s working to rectify existing defaults, including but not limited to, compliance with cash management, approval of a replacement property manager, and past-due financial reporting. Loan is current, with the next payment due on
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💬 Servicer Commentary

2025-01-31
Sanmukh Patel
Prospectus ID: 29
12/11/2024 - Loan was transferred to Special Servicing on 1/4/24 due to non-compliance. Legal counsel has been engaged and demand letters have been sent to the Borrower. PNL has not been executed to date and communications are through counsel. Collateral is a 98-room, extended stay hotel in San Antonio, TX located less than 1 mile from Sea World. Borrower has been remitting partial payments and Special Servicer has been working with Borrower to cure covenant and monetary defaults while dual tracking foreclosure. Defeasance of the loan closed on 11/20/24.
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External Analysis

No external analysis linked yet. Contact us to publish and link your research.
All items include provenance (author, timestamp, source).Have a source-backed clarification? Contact us.
Have a source-backed note on this deal? Contact us.

Datasets & API#

Machine-readable spec (ODPS): /odps/cmbs-deals.yaml
GET https://api.dealcharts.org/deals/msc2018-l1
{
  "deal_id": "msc2018-l1",
  "issuer": "",
  "shelf": "",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "Moodys, Fitch, Morningstar"
  },
  {
    "role": "Operating Advisor",
    "name": "Pentalpha Surveillance"
  },
  {
    "role": "Master Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Special Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Depositor",
    "name": "Morgan Stanley & Co. Incorporated"
  },
  {
    "role": "Special Servicer",
    "name": "K-Star Asset Management"
  }
]
}


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