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CMBS dealSpecial servicing active

MSC 2018-L1

As of 10/30/2026Source: SEC EDGAR, CIK 1751743
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Collateral metrics, filing comparisons, transaction parties, and fund holdings for MSC 2018-L1.

Material changes

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Context brief

Quick Answer

What is MSC 2018-L1? A US commercial mortgage-backed security issued October 2018 ($900.7M; 44 loans; 47 properties).

Identifiers: Shelf MSC; Series msc2018-l1; CIK 1751743.

On Dealcharts: Pool metrics, performance over time, and comparisons across deals, calculated from SEC EDGAR filings.

Sources: SEC EDGAR CIK 1751743.

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Part of:2018 VintageMSC ShelfK-Star Asset Management (Special Servicer)Midland Loan Services (Special Servicer)
Machine-readable data: https://dealcharts.org/llm/facts/msc2018-l1.json · API docs
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Deal exhibit

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The deal page is the exhibit. Source filings, facts endpoints, per-deal datasets, holder maps, charts, and receipt routes appear here only when the underlying source exists for this deal.
On this page:Entities6Metrics34Charts15Macro Context1Fund Holdings9Documents6Analysis & Commentary5

Who's Involved#

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

Deal Metrics

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

Deal Overview

Aggregate Original Loan Amount
Current Trust Amount
Number of Loans
Number of Properties
Average Loan Size

Portfolio Characteristics

Weighted Average Interest Rate
Weighted Average Term
WA DSCR (NCF) at Issuance
WA DSCR (NCF) Current
Original Valuation
Current Valuation

Key Dates

Origination Date
Latest Valuation
Latest Transfer
Latest Return
Latest Modification

Special Servicing Status

Loans in Special Servicing
Special Servicing Balance
Loans Returned to Master
Balance Returned
Avg Time in Special Servicing
Avg Time to Return

Valuation Changes

Updated Valuations
Total Updated Value
Value Change Amount
Value Change Percentage

Modifications

Number of Modifications
Modified Balance

Deal Charts

Charts showing deal performance over time.

Geographic Distribution - MSC 2018-L1 - All States
2026-10-30

Fund Exposure#

Source: NPORT-P & related disclosures • 2026-09-29
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
Neuberger Berman Strategic Income Fund2025-06-24Search FIGILookup LEIA-S$4,668,8212025-10-31
Catholic Responsible Investments Bond Fund2026-09-29Search FIGILookup LEIA-S$1,901,0582026-10-31
Putnam Mortgage Securities Fund2026-08-27Search FIGILookup LEID$1,175,2132026-09-30
AAM SLC Low Duration Income ETF2026-09-29Search FIGILookup LEIC, D$1,066,9212026-10-31
Putnam Mortgage Opportunities Fund2026-10-27Search FIGILookup LEID$901,1762027-05-31
Columbia Commodity Strategy Fund2026-10-28Search FIGILookup LEIA-3$720,3112027-05-31
Putnam Income Fund2026-09-25Search FIGILookup LEIC$310,8322026-10-31
Columbia Short Duration Bond ETF2026-09-28Search FIGILookup LEIA-3$295,7892026-10-31
Putnam VT Income Fund2026-08-27Search FIGILookup LEIC$187,9702026-12-31
Fund NameTranchesIds
Neuberger Berman Strategic Income Fund
$4,668,821
2025-10-31
A-SSearch FIGI
Lookup LEI
Catholic Responsible Investments Bond Fund
$1,901,058
2026-10-31
A-SSearch FIGI
Lookup LEI
Putnam Mortgage Securities Fund
$1,175,213
2026-09-30
DSearch FIGI
Lookup LEI
AAM SLC Low Duration Income ETF
$1,066,921
2026-10-31
C, DSearch FIGI
Lookup LEI
Putnam Mortgage Opportunities Fund
$901,176
2027-05-31
DSearch FIGI
Lookup LEI
Columbia Commodity Strategy Fund
$720,311
2027-05-31
A-3Search FIGI
Lookup LEI
Putnam Income Fund
$310,832
2026-10-31
CSearch FIGI
Lookup LEI
Columbia Short Duration Bond ETF
$295,789
2026-10-31
A-3Search FIGI
Lookup LEI
Putnam VT Income Fund
$187,970
2026-12-31
CSearch FIGI
Lookup LEI
9 of 9 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 support@cmdrvl.com to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2026-10-30
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2019-02-08
Pooling and Servicing Agreement (PSA)
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
Annex A
Document filing with updated information.
View on SEC →
2018-10-03
Final Termsheet
Document filing with updated information.
View on SEC →

Context & Commentary#

Curious about data-center or AI-tenant exposure across CMBS collateral? See AI & data-center exposure →

Entity Statements

💬 Servicer Commentary

2026-05-29
901 West Madison
Saul Sutton
Prospectus ID: 41
4/13/2026 - 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 on a potential reinstatement of loan.
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💬 Servicer Commentary

2026-05-29
Portfolio (2 Multifamily properties)
Pinchos D. Shemano
Prospectus ID: 18
4/13/2026 - 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 in 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 received and is under review. A change in property management has occurred and the Special Servicer has requested additional information from Borrower. Several mechanic''s liens have been identified encumbering the properties. The Loan was accelerated by Lender 1/26/2026. Receivership complaint
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💬 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
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💬 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
Open Deal →

💬 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

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All items include provenance (author, timestamp, source).Have a source-backed clarification? Contact us.
Monitoring
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Datasets & API#

GET https://dealcharts.org/llm/facts/msc2018-l1.json
{
  "deal_id": "msc2018-l1",
  "issuer": "",
  "shelf": "MSC",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "Moodys, Fitch, Morningstar"
  },
  {
    "role": "Operating Advisor",
    "name": "Pentalpha Surveillance"
  },
  {
    "role": "Special Servicer",
    "name": "K-Star Asset Management"
  },
  {
    "role": "Special Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Master Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Depositor",
    "name": "Morgan Stanley & Co. Incorporated"
  }
]
}


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