MSC 2019-L2 - Charts and Resources
Data discoverability for CMBS deal MSC 2019-L2 updated as of 2025-03-31.
Deal Overview
Morgan Stanley Capital I Trust 2019-L2's issuance is a U.S. CMBS transaction issued from the MSC shelf and backed by 50 commercial mortgage loans with an aggregate principal balance of 787.4 million at issuance, secured by the fee and leasehold interests in 68 properties across 24 U.S. states.| Role | Party |
|---|---|
| Rating Agencies | S&P, Fitch, MSTAR |
| Depositor | Morgan Stanley Capital I Inc. |
| Master Servicer | Midland Loan Services |
| Special Servicer | Rialto Capital Advisors |
| Operating Advisor | Pentalpha Surveillance |
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Portfolio Characteristics
Key Dates
Special Servicing Status
Valuation Changes
Modifications
Deal Charts
Fund Holdings
Explore a list of funds that include MSC 2019-L2 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 Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| PGIM Total Return Bond Fund | 2025-03-27 | Search FIGI | Lookup LEI | A-3 | $36,222,667 | 2025-10-31 |
| Strategic Advisers Fidelity Core Income Fund | 2024-10-29 | Search FIGI | Lookup LEI | A-3 | $18,713,376 | 2025-05-31 |
| Invesco Core Plus Bond Fund | 2025-01-29 | Search FIGI | Lookup LEI | A-4 | $16,747,188 | 2025-08-31 |
| Performance Trust Total Return Bond Fund | 2025-04-08 | Search FIGI | Lookup LEI | X-B | $2,907,303 | 2025-08-31 |
| First Trust Commercial Mortgage Opportunities ETF | 2025-03-25 | Search FIGI | Lookup LEI | X-A | $377,443 | 2025-07-31 |
| First Trust Structured Credit Income Opportunities ETF | 2025-03-25 | Search FIGI | Lookup LEI | X-A | $377,443 | 2025-07-31 |
| BlackRock Total Return Fund | 2025-02-26 | Search FIGI | Lookup LEI | X-A | $283,312 | 2025-09-30 |
| Morningstar Total Return Bond Fund | 2025-03-27 | Search FIGI | Lookup LEI | X-A | $77,636 | 2025-04-30 |
| Fund Name | Tranches | Ids |
|---|---|---|
| PGIM Total Return Bond Fund $36,222,667 2025-10-31 | A-3 | Search FIGI Lookup LEI |
| Strategic Advisers Fidelity Core Income Fund $18,713,376 2025-05-31 | A-3 | Search FIGI Lookup LEI |
| Invesco Core Plus Bond Fund $16,747,188 2025-08-31 | A-4 | Search FIGI Lookup LEI |
| Performance Trust Total Return Bond Fund $2,907,303 2025-08-31 | X-B | Search FIGI Lookup LEI |
| First Trust Commercial Mortgage Opportunities ETF $377,443 2025-07-31 | X-A | Search FIGI Lookup LEI |
| First Trust Structured Credit Income Opportunities ETF $377,443 2025-07-31 | X-A | Search FIGI Lookup LEI |
| BlackRock Total Return Fund $283,312 2025-09-30 | X-A | Search FIGI Lookup LEI |
| Morningstar Total Return Bond Fund $77,636 2025-04-30 | X-A | Search FIGI Lookup LEI |
* 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 2019-L2.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 2019-L2, giving insights into the current situation and actions being taken.3/11/2025 - The Loan transferred to Special Servicing for Monetary Default at Borrower’s request as a result of the COVID-19 pandemic. Special Servicer received approval for a forbearance and previously worked with the Borrower to close. Borrower did not close and has now filed for Chapter 11 bankruptcy protection. The Borrower has proposed a Chapter 11 plan of reorganization (The ''Plan'') to which the Lender objected. The parties concluded a Mediation on 10/6/2022 at which the parties agreed upon genera l terms of forbearance and repayment of arrearages making certain changes to the proposed Plan. The Court has approved the settlement and settlement and confirmed the bankruptcy plan as of March 28 2023. Borrower has agreed to monthly arrearages calculation. Borrower agreed to finalize CMA, but has not completed documentation; Lender counsel is engaged to ensure compliance.
3/11/2025 - Loan recently transferred to Special Servicer for payment and non-monetary defaults. Special Servicer has reached out to Borrower who has executed the PNL. Counsel engaged to enforce CMA compliance. Lender accelerated the loan after 3 monthly payments missed in a row. Borrower has a proposed new tenant for retail space; Lender is reviewing associated LOI.
3/11/2025 - The Loan transferred to Special Servicing in July 2020 for Imminent Monetary Default by Borrower''s request due to the impact of the COVID-19 pandemic. On 12/5/2022, the court granted the appointment of Richard Madison of Colliers as Receiver . Have just signed a lease with Just Salads for the larger of the two remaining retail vacancies. Special Servicer continues to move forward with a foreclosure strategy.
3/11/2025 - The Loan transferred to Special Servicing in 12/2023. A Hello Letter was sent and a PNL was executed. Special Servicer is in negotiations with Borrower about a potential settlement.
2/11/2025 - The Loan transferred for Imminent Monetary Default. A PNL has been executed by the Borrower. The Loan went into monetary default on 10/6/2022 and a default letter was sent. Borrower has requested to transition control of the Property to the Lender. On April 26, 2023, the collateral was placed into receivership. Receiver is working on insurance claim related to a pipe burst. The Special Servicer is in process of taking title and finalizing insurance reviews
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
Content
News and articles related to this deal from various platforms.Get some data
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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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