Morgan Stanley Capital I Trust 2018-H3·8-K

May 7, 4:42 PM ET

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Morgan Stanley Capital I Trust 2018-H3 8-K

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Morgan Stanley Capital I Trust 2018-H3 Appoints Torchlight as Special Servicer

What Happened
Morgan Stanley Capital I Trust 2018-H3 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 (PSA). Servicing remains governed by the BANK 2018-BNK13 PSA.

Key Details

  • Effective date: May 7, 2026.
  • New special servicer: Torchlight Loan Services, LLC; outgoing special servicer: Mount Street US (Georgia) LLP.
  • Appointment directed by: Deer Park Road Management Company, LP (directing certificateholder under the BANK 2018-BNK13 PSA).
  • Scope: Torchlight will handle special servicing and administration if the loan combination becomes specially serviced (including any REO), and will perform certain reviews and processing when the loan combination is not specially serviced.

Why It Matters
A change in special servicer is an operational development that may affect how the Griffin Portfolio II loan and any related real estate are handled, including workouts, foreclosures, or asset disposition, under the existing PSA. The filing does not disclose financial terms or changes to cash flow mechanics; servicing rights and duties continue to be governed by the BANK 2018-BNK13 PSA. Investors should view this as a servicer-level change directed by the certificateholder rather than a change to the trust’s underlying contractual structure.

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