MSC 2018-L1 - Charts and Resources

Data discoverability for CMBS deal MSC 2018-L1 updated as of 2025-07-01.

2025-07-01

Deal Overview

Morgan Stanley Capital I Trust 2018-L1's issuance is a U.S. CMBS transaction issued from the MSC shelf and backed by 47 commercial mortgage loans with an aggregate principal balance of 650.4 million at issuance, secured by the fee and leasehold interests in 49 properties across 20 U.S. states.
RoleParty
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
$861,188,601
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
$9,099,135,000

Key Dates

Origination Date
9/26/2018
Latest Valuation
7/18/2024
Latest Transfer
4/3/2025
Latest Return
12/22/2024
Latest Modification
6/1/2020

Special Servicing Status

Loans in Special Servicing
3
Special Servicing Balance
$60,024,270
Loans Returned to Master
3
Balance Returned
$61,141,649
Avg Time in Special Servicing
712 days
Avg Time to Return
668 days

Valuation Changes

Updated Valuations
22
Total Updated Value
$552,500,000
Value Change Amount
-$7,600,000
Value Change Percentage
178.5%

Modifications

Number of Modifications
4
Modified Balance
$68,145,698

Deal 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 Holdings

Explore a list of funds that include MSC 2018-L1 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND2025-05-28Search FIGILookup LEIA-S, A-4$8,519,7602025-09-30
Neuberger Berman Strategic Income Fund2025-06-24Search FIGILookup LEIA-S$4,668,8212025-10-31
JPMorgan Income Builder Fund2025-06-24Search FIGILookup LEIE$4,052,6422025-10-31
VANGUARD CORE BOND FUND2025-05-28Search FIGILookup LEIA-4, A-S$3,826,7682025-09-30
Global Bond Fund2025-06-27Search FIGILookup LEID$3,413,2362025-10-31
Fidelity SAI Investment Grade Securitized Fund2025-04-25Search FIGILookup LEIA-SB$2,716,5252025-08-31
Catholic Responsible Investments Opportunistic Bond Fund2025-06-26Search FIGILookup LEIC$2,240,1862025-10-31
Large-Cap Plus Bond Alpha Portfolio2025-05-28Search FIGILookup LEIA-SB$1,457,1582025-12-31
VANGUARD INSTITUTIONAL SHORT-TERM BOND FUND2025-05-28Search FIGILookup LEIA-4, A-S$1,058,7302025-09-30
RiverNorth/DoubleLine Strategic Income Fund2025-05-30Search FIGILookup LEIC$1,051,4052025-09-30
Putnam Short Duration Bond Fund2025-06-24Search FIGILookup LEIX-A$1,022,5782025-10-31
Putnam Core Bond Fund2025-06-18Search FIGILookup LEIC$962,0612025-10-31
Empower Inflation-Protected Securities Fund2025-05-22Search FIGILookup LEIA-S$856,6602025-12-31
Empower Short Duration Bond Fund2025-05-22Search FIGILookup LEIA-3$673,0382025-12-31
VANGUARD CORE BOND ETF2025-05-28Search FIGILookup LEIA-4, A-S$612,7792025-09-30
SHORT-TERM INVESTMENT-GRADE PORTFOLIO2025-05-28Search FIGILookup LEIA-S, A-4$412,0562025-12-31
Putnam Income Fund2025-06-24Search FIGILookup LEIC$312,4242025-10-31
VANGUARD CORE-PLUS BOND ETF2025-05-28Search FIGILookup LEIA-S, A-4$294,4932025-09-30
First Trust Commercial Mortgage Opportunities ETF2025-06-25Search FIGILookup LEIA-3$285,2832025-07-31
Putnam Multi-Asset Income Fund2025-01-28Search FIGILookup LEIC$245,0482025-08-31
VANGUARD CORE-PLUS BOND FUND2025-05-28Search FIGILookup LEIA-S, A-4$225,6872025-09-30
Putnam VT Income Fund2025-05-29Search FIGILookup LEIC$192,9612025-12-31
State Street Aggregate Bond Index Portfolio2025-05-28Search FIGILookup LEIA-3$146,3372025-12-31
PACE Strategic Fixed Income Investments2025-06-27Search FIGILookup LEIA-S$61,7022025-07-31
American Century Short Duration Strategic Income ETF2025-04-18Search FIGILookup LEID$32,3572025-08-31
Fund NameTranchesIds
VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND
$8,519,760
2025-09-30
A-S, A-4Search FIGI
Lookup LEI
Neuberger Berman Strategic Income Fund
$4,668,821
2025-10-31
A-SSearch FIGI
Lookup LEI
JPMorgan Income Builder Fund
$4,052,642
2025-10-31
ESearch FIGI
Lookup LEI
VANGUARD CORE BOND FUND
$3,826,768
2025-09-30
A-4, A-SSearch FIGI
Lookup LEI
Global Bond Fund
$3,413,236
2025-10-31
DSearch FIGI
Lookup LEI
Fidelity SAI Investment Grade Securitized Fund
$2,716,525
2025-08-31
A-SBSearch FIGI
Lookup LEI
Catholic Responsible Investments Opportunistic Bond Fund
$2,240,186
2025-10-31
CSearch FIGI
Lookup LEI
Large-Cap Plus Bond Alpha Portfolio
$1,457,158
2025-12-31
A-SBSearch FIGI
Lookup LEI
VANGUARD INSTITUTIONAL SHORT-TERM BOND FUND
$1,058,730
2025-09-30
A-4, A-SSearch FIGI
Lookup LEI
RiverNorth/DoubleLine Strategic Income Fund
$1,051,405
2025-09-30
CSearch FIGI
Lookup LEI
Putnam Short Duration Bond Fund
$1,022,578
2025-10-31
X-ASearch FIGI
Lookup LEI
Putnam Core Bond Fund
$962,061
2025-10-31
CSearch FIGI
Lookup LEI
Empower Inflation-Protected Securities Fund
$856,660
2025-12-31
A-SSearch FIGI
Lookup LEI
Empower Short Duration Bond Fund
$673,038
2025-12-31
A-3Search FIGI
Lookup LEI
VANGUARD CORE BOND ETF
$612,779
2025-09-30
A-4, A-SSearch FIGI
Lookup LEI
SHORT-TERM INVESTMENT-GRADE PORTFOLIO
$412,056
2025-12-31
A-S, A-4Search FIGI
Lookup LEI
Putnam Income Fund
$312,424
2025-10-31
CSearch FIGI
Lookup LEI
VANGUARD CORE-PLUS BOND ETF
$294,493
2025-09-30
A-S, A-4Search FIGI
Lookup LEI
First Trust Commercial Mortgage Opportunities ETF
$285,283
2025-07-31
A-3Search FIGI
Lookup LEI
Putnam Multi-Asset Income Fund
$245,048
2025-08-31
CSearch FIGI
Lookup LEI
VANGUARD CORE-PLUS BOND FUND
$225,687
2025-09-30
A-S, A-4Search FIGI
Lookup LEI
Putnam VT Income Fund
$192,961
2025-12-31
CSearch FIGI
Lookup LEI
State Street Aggregate Bond Index Portfolio
$146,337
2025-12-31
A-3Search FIGI
Lookup LEI
PACE Strategic Fixed Income Investments
$61,702
2025-07-31
A-SSearch FIGI
Lookup LEI
American Century Short Duration Strategic Income ETF
$32,357
2025-08-31
DSearch FIGI
Lookup LEI
* 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.

Deal Documents

Links to the deal documents for MSC 2018-L1.

Recent Commentary

Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for MSC 2018-L1, giving insights into the current situation and actions being taken.

06/05/2025: Loan transferred to Special Servicing on 12/01/22. Collateral is a 641k sf office and industrial portfolio in NJ. Loan transferred for monetary defaults other than monthly payments. Lender is pursuing all legal remedies as well as

2025-07-01
Prospectus ID: 16A2

06/05/2025: Loan transferred to Special Servicing on 12/01/22. Collateral is a 641k sf office and industrial portfolio in NJ. Loan transferred for monetary defaults other than monthly payments. Lender is pursuing all legal remedies as well as

2025-07-01
Prospectus ID: 16A5

6/11/2025 - 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. Noteholder has issued a PNL and Borrower has yet to respond. Counse l has been engaged and is working to rectify existing defaults, including but not limited to, full compliance with cash management and approval of a replacement property manager. Loan is currently due for 6/1/2025 payment.

2025-07-01
901 West Madison
Saul Sutton
Prospectus ID: 41

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.

2025-01-31
Sanmukh Patel
Prospectus ID: 29
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.

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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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