MSC 2018-L1 – Deal Overview & Connected Data
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated November 3, 2025.2025-11-03
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.
📋 Quick Links
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
$900,725,526Current Trust Amount
$832,404,583Number of Loans
47Number of Properties
49Average Loan Size
$19,164,373Portfolio Characteristics
Weighted Average Interest Rate
4.8%Weighted Average Term
117 monthsOriginal Valuation
$8,164,595,000Current Valuation
$9,082,335,000Key Dates
Origination Date
9/27/2018Latest Valuation
7/19/2024Latest Transfer
4/4/2025Latest Return
12/23/2024Latest Modification
6/1/2020Special Servicing Status
Loans in Special Servicing
3Special Servicing Balance
$60,000,166Loans Returned to Master
3Balance Returned
$60,763,582Avg Time in Special Servicing
844 daysAvg Time to Return
667 daysValuation Changes
Updated Valuations
22Total Updated Value
$552,500,000Value Change Amount
-$7,600,000Value Change Percentage
178.5%Modifications
Number of Modifications
4Modified Balance
$67,729,982Deal Charts
Visual analytics and interactive charts showing the deal's performance over time. Track key metrics like balance, delinquency rates, and special servicing status through interactive visualizations.
Fund Exposure#
Source: NPORT-P & related disclosures • 2025-10-2913 of 13 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
2025-11-03
Prospectus ID: 16A2
10/07/2025: 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 properties are well occupied at 98%+. Loan transferred for non-monetary defaults. Lender is pursuing legal remedies against Borrower as well as continuing to negotiate with Borrower for acceptable outcome focused on a Discounted pay off.
💬 Servicer Commentary
2025-11-03
Prospectus ID: 16A5
10/07/2025: 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 properties are well occupied at 98%+. Loan transferred for non-monetary defaults. Lender is pursuing legal remedies against Borrower as well as continuing to negotiate with Borrower for acceptable outcome focused on a Discounted pay off.
💬 Servicer Commentary
2025-11-03
901 West Madison
Saul Sutton
Prospectus ID: 41
10/14/2025 -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 is 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
💬 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. Become a Verified Contributor to publish and link your research.Have a source-backed note on this deal? Add verified context and help the market ground analysis in citations.
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": "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"
}
]
}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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