MSC 2018-L1
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated January 30, 2026.2026-01-30
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Quick Answer
What is MSC 2018-L1? A US commercial mortgage-backed security ($900.7M; 46 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.
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Who's Involved#
Rating AgenciesMoodys, Fitch, Morningstar
Special ServicerMidland Loan Services
Operating AdvisorPentalpha Surveillance
Master 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
$900,725,526Current Trust Amount
$818,607,880Number of Loans
46Number of Properties
49Average Loan Size
$19,164,373Portfolio Characteristics
Weighted Average Interest Rate
4.8%Weighted Average Term
117 monthsWA DSCR (NCF) at Issuance
1.84xWA DSCR (NCF) Current
1.90xOriginal Valuation
$8,164,595,000Current Valuation
$9,082,135,000Key Dates
Origination Date
9/27/2018Latest Valuation
9/3/2025Latest Transfer
11/4/2025Latest Return
12/23/2024Latest Modification
6/1/2020Special Servicing Status
Loans in Special Servicing
4Special Servicing Balance
$80,632,173Loans Returned to Master
3Balance Returned
$60,479,112Avg Time in Special Servicing
735 daysAvg Time to Return
667 daysValuation Changes
Updated Valuations
23Total Updated Value
$559,900,000Value Change Amount
-$7,800,000Value Change Percentage
175.8%Modifications
Number of Modifications
4Modified Balance
$67,417,340Deal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2025-09-24| Fund Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| Neuberger Berman Strategic Income Fund | 2025-06-24 | Search FIGI | Lookup LEI | A-S | $4,668,821 | 2025-10-31 |
| Global Bond Fund | 2025-09-24 | Search FIGI | Lookup LEI | D | $3,432,046 | 2025-10-31 |
| Putnam ESG Core Bond ETF | 2025-12-29 | Search FIGI | Lookup LEI | C | $1,171,334 | 2026-04-30 |
| Short Duration Strategic Income Fund | 2025-11-28 | Search FIGI | Lookup LEI | D | $639,437 | 2026-03-31 |
| Putnam Income Fund | 2025-09-23 | Search FIGI | Lookup LEI | C | $307,413 | 2025-10-31 |
| Putnam Multi-Asset Income Fund | 2026-01-27 | Search FIGI | Lookup LEI | C | $243,232 | 2026-08-31 |
| AAM SLC Low Duration Income ETF | 2025-12-30 | Search FIGI | Lookup LEI | C | $228,039 | 2025-10-31 |
| American Century Short Duration Strategic Income ETF | 2026-01-27 | Search FIGI | Lookup LEI | D | $32,826 | 2026-08-31 |
| Fund Name | Tranches | Ids |
|---|---|---|
| Neuberger Berman Strategic Income Fund $4,668,821 2025-10-31 | A-S | Search FIGI Lookup LEI |
| Global Bond Fund $3,432,046 2025-10-31 | D | Search FIGI Lookup LEI |
| Putnam ESG Core Bond ETF $1,171,334 2026-04-30 | C | Search FIGI Lookup LEI |
| Short Duration Strategic Income Fund $639,437 2026-03-31 | D | Search FIGI Lookup LEI |
| Putnam Income Fund $307,413 2025-10-31 | C | Search FIGI Lookup LEI |
| Putnam Multi-Asset Income Fund $243,232 2026-08-31 | C | Search FIGI Lookup LEI |
| AAM SLC Low Duration Income ETF $228,039 2025-10-31 | C | Search FIGI Lookup LEI |
| American Century Short Duration Strategic Income ETF $32,826 2026-08-31 | D | Search FIGI Lookup LEI |
8 of 8 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.
* 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.
Provenance & Documents
Issuance → amendments → reports. Tap to view on SEC.Context & Commentary#
Entity Statements
💬 Servicer Commentary
2026-01-30
901 West Madison
Saul Sutton
Prospectus ID: 41
12/11/2025 - 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 and past-due financial reporting. Loan is current, with the next payment due on 1/1/2026.
💬 Servicer Commentary
2026-01-30
Portfolio (2 Multifamily properties)
Pinchos D. Shemano
Prospectus ID: 18
12/11/2025 - The Loan was transferred to Special Servicing effective November 06, 2025, for Monetary Default. The Borrower has missed the September 2025 payment onwards. The collateral comprises two garden-style multifamily properties totaling 560 units i n Memphis, TN: Highland Chateau and Highland Hills. PNA and Hello Letter have been delivered and PNA has been executed. Borrower is requesting a short term forbearance. The Special Servicer is reviewing this request and has asked the Borrower for further operating information, which has not been provided to Lender''s satisfaction as of the date of this comment. An updated appraisal has been ordered and is in process.
💬 Servicer Commentary
2026-01-30
Prospectus ID: 16A2
1/02/2026: 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. propertie s 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 that is
💬 Servicer Commentary
2026-01-30
Prospectus ID: 16A5
1/02/2026: 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. propertie s 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 that is
💬 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.
External Analysis
No external analysis linked yet. Contact us to publish and link your research.Have a source-backed note on this deal? Contact us.
Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET 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": "Special Servicer",
"name": "Midland Loan Services"
},
{
"role": "Operating Advisor",
"name": "Pentalpha Surveillance"
},
{
"role": "Master Servicer",
"name": "Midland Loan Services"
},
{
"role": "Depositor",
"name": "Morgan Stanley & Co. Incorporated"
},
{
"role": "Special Servicer",
"name": "K-Star Asset Management"
}
]
}Access the underlying datasets used to power these analytics.
CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
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CREFC IRP standardized datasets
Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.
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