Morgan Stanley Capital I Trust 2018-L1 8-K

What Happened
Morgan Stanley Capital I Trust 2018-L1 filed an 8-K (Item 6.04) reporting a failure to make a required distribution for the June 17, 2026 payment. On June 24, 2026 the Depositor was notified that the servicer’s remittance report was updated to reflect a payoff on the Griffin Portfolio II mortgage loan that related to the June 17 distribution. That update prompted additional payments on June 30, 2026 to certain certificate classes to correct the shortfall.

Key Details

• The servicer remittance report was updated on June 24, 2026 to reflect a payoff received in connection with the Griffin Portfolio II mortgage loan.
• Additional payments were made on June 30, 2026 to affected classes:
  • Class A-SB: $4,698.89 interest and $0.02 principal
  • Class A-3: $66,048.25 interest and $11,223,109.61 principal
  • Class VRR Interest: $2,712.68 interest and $271,267.29 principal

Why It Matters
A corrected remittance that led to a missed (and then supplemented) distribution affects the timing and allocation of cash flows to certificateholders. Investors should note which classes were impacted and the large principal payoff credited to Class A-3, as payoffs can change principal balances and future distribution dynamics. The filing documents the issue and the corrective payments but does not indicate other operational changes.