11/18/2024 | Press release | Distributed by Public on 11/18/2024 11:44
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 18, 2024
Central Index Key Number of the issuing entity: 0001751743
Morgan Stanley Capital I Trust 2018-L1
(Exact name of Issuing Entity)
Central Index Key Number of the Registrant: 0001547361
Morgan Stanley Capital I Inc.
(Exact Name of Registrant as Specified in its Charter)
Central Index Key Number of the sponsor: 0001541557
Morgan Stanley Mortgage Capital Holdings LLC
Central Index Key Number of the sponsor: 0001089877
KeyBank National Association
Central Index Key Number of the sponsor: 0001548405
Starwood Mortgage Capital LLC
Central Index Key Number of the sponsor: 0001558761
Cantor Commercial Real Estate Lending, L.P.
(Exact Names of the Sponsors as Specified in their Charters)
Delaware | 333-206582-17 |
38-4088383 38-4088384 38-7206240 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
1585 Broadway, New York, New York | 10036 | |
(Address of Principal Executive Offices) | (ZIP Code) |
Registrant's telephone number, including area code: (212) 761-4000
Not applicable
(Former name or former address, if changed since last report.)
1 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2 |
Section 8 - Other Events
Item 8.01 - Other Events.
Effective as of November 18, 2024, Green Loan Services LLC ("GLS"), a Delaware limited liability company, will act as special servicer for the Millennium Partners Portfolio mortgage loan and each related pari passu and/or subordinate promissory note (collectively, the "Millennium Partners Portfolio Non-Serviced Loan Combination"), which is serviced under the trust and servicing agreement for the Morgan Stanley Capital I Trust 2018-MP securitization (the "MSC 2018-MP TSA"), replacing Wells Fargo Bank, National Association as special servicer for such non-serviced loan combination. GLS was appointed at the direction of BlackRock Financial Management, Inc., the directing certificateholder under the MSC 2018-MP TSA. As special servicer for the Millennium Partners Portfolio Non-Serviced Loan Combination, GLS will be responsible for the servicing and administration of the Millennium Partners Portfolio Non-Serviced Loan Combination if it becomes specially serviced (and the servicing and administration of any related REO property) and processing and performing certain reviews of material actions with respect to the Millennium Partners Portfolio Non-Serviced Loan Combination when the Millennium Partners Portfolio Non-Serviced Loan Combination is not specially serviced. Servicing of the Millennium Partners Portfolio Non-Serviced Loan Combination will continue to be governed by the MSC 2018-MP TSA.
3 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MORGAN STANLEY CAPITAL I INC. | ||
By: | /s/ Jane Lam | |
Name: | Jane Lam | |
Title: | President | |
Dated: November 18, 2024 |
MSC 2018-L1 - 8-K