Morgan Stanley Capital I Trust 2018-L1 8-K

What Happened
Morgan Stanley Capital I Trust 2018-L1 filed an 8-K on May 7, 2026 announcing that Torchlight Loan Services, LLC has been appointed special servicer for the Griffin Portfolio II mortgage loan and related pari passu and subordinate promissory notes (the "Griffin Portfolio II Non-Serviced Loan Combination"). Torchlight replaces Mount Street US (Georgia) LLP and was appointed at the direction of Deer Park Road Management Company, LP, the directing certificateholder under the BANK 2018-BNK13 pooling and servicing agreement (the "BANK 2018-BNK13 PSA"). Servicing will continue to be governed by the BANK 2018-BNK13 PSA.

Key Details

• Effective date: May 7, 2026.
• New special servicer: Torchlight Loan Services, LLC; prior special servicer: Mount Street US (Georgia) LLP.
• Appointment directed by Deer Park Road Management Company, LP, the directing certificateholder under the BANK 2018-BNK13 PSA.
• Torchlight’s duties: service and administration if the loan combination becomes specially serviced (including any related REO), and processing/performing certain reviews of material actions when it is not specially serviced.

Why It Matters
A change in the special servicer is an administrative but important operational update for investors in the trust: the special servicer handles workout, special servicing decisions, and REO management when loans are distressed, which can affect recoveries and timing of cash flows. The filing does not disclose any financial data or changes to the governing PSA terms — it reports only the servicer appointment directed by the certificateholder. Investors should note the appointment in case the Griffin Portfolio II loan combination later becomes specially serviced or results in REO, as Torchlight will manage those processes.