MSC 2018-L1
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated March 30, 2026.2026-03-30
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Quick Answer
What is MSC 2018-L1? A US commercial mortgage-backed security ($900.7M; 45 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.
Machine-readable data: https://dealcharts.org/llm/facts/msc2018-l1.json · API docs
📋 Quick Links
Who's Involved#
Rating AgenciesMoodys, Fitch, Morningstar
Master ServicerMidland Loan Services
Special ServicerMidland Loan Services
Special ServicerK-Star Asset Management
DepositorMorgan Stanley & Co. Incorporated
Operating AdvisorPentalpha Surveillance
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
$792,255,354Number of Loans
45Number 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
1.87xOriginal Valuation
$8,164,595,000Current Valuation
$8,883,635,000Key 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
3Special Servicing Balance
$55,618,316Loans Returned to Master
3Balance Returned
$60,272,359Avg Time in Special Servicing
570 daysAvg Time to Return
666 daysValuation Changes
Updated Valuations
9Total Updated Value
$226,300,000Value Change Amount
-$55,900,000Value Change Percentage
-62.2%Modifications
Number of Modifications
4Modified Balance
$67,189,334Deal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2026-03-27| 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 |
| JPMorgan Income Builder Fund | 2026-03-27 | Search FIGI | Lookup LEI | E | $4,382,221 | 2026-10-31 |
| Global Bond Fund | 2026-03-30 | Search FIGI | Lookup LEI | D | $3,554,040 | 2026-10-31 |
| Putnam ESG Core Bond ETF | 2026-03-31 | Search FIGI | Lookup LEI | C | $1,172,535 | 2026-04-30 |
| Putnam Short Duration Bond Fund | 2026-03-27 | Search FIGI | Lookup LEI | X-A | $773,782 | 2026-10-31 |
| Putnam Income Fund | 2026-03-27 | Search FIGI | Lookup LEI | C | $316,075 | 2026-10-31 |
| AAM SLC Low Duration Income ETF | 2026-03-31 | Search FIGI | Lookup LEI | C | $227,258 | 2026-10-31 |
| 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 |
| JPMorgan Income Builder Fund $4,382,221 2026-10-31 | E | Search FIGI Lookup LEI |
| Global Bond Fund $3,554,040 2026-10-31 | D | Search FIGI Lookup LEI |
| Putnam ESG Core Bond ETF $1,172,535 2026-04-30 | C | Search FIGI Lookup LEI |
| Putnam Short Duration Bond Fund $773,782 2026-10-31 | X-A | Search FIGI Lookup LEI |
| Putnam Income Fund $316,075 2026-10-31 | C | Search FIGI Lookup LEI |
| AAM SLC Low Duration Income ETF $227,258 2026-10-31 | 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
2026-03-03
901 West Madison
Saul Sutton
Prospectus ID: 41
2/11/2026 - 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 is working to rectify existing defaults, including but not limited to, compliance with cash management and past-due financial reporting. Special Servicer is working with Borrower to resolve outstanding default interest, trust expenses,
💬 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: 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
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
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": "Master Servicer",
"name": "Midland Loan Services"
},
{
"role": "Special Servicer",
"name": "Midland Loan Services"
},
{
"role": "Special Servicer",
"name": "K-Star Asset Management"
},
{
"role": "Depositor",
"name": "Morgan Stanley & Co. Incorporated"
},
{
"role": "Operating Advisor",
"name": "Pentalpha Surveillance"
}
]
}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
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