Multifamily portfolio, 2 properties · Memphis, Tennessee
Highland Chateau Property
This portfolio is financed with a $20.6M CMBS loan at 5.21% that reaches maturity on September 6, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $20,650,000
- Original balance (same notes)
- $20,650,000
- Interest rate
- 5.21% fixed
- Originated
- August 29, 2018
- Maturity
- September 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2028
- Master servicer
- Midland
- Originator
- CCRE
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred November 4, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 5246 Raleigh Lagrange Road, Memphis, TN 38134
- Metro
- Memphis, TN-MS-AR
- Value at securitization
- $33.4M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $2.0M | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2018-L1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Highland Chateau Property | Memphis, TN | Multifamily | n/a | n/a |
| Highland Hills Property | Memphis, TN | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $20.6M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $20.6M | 60-89 days delinquent | Yes | n/a | n/a |
| October 2025 | $20.6M | 30-59 days delinquent | No | n/a | n/a |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer November 4, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-L1 | 18 | $20,650,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Memphis loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Crescent Center | Memphis, TN | Office | $52.0M | 7.513% | Oct 2028 | 1.62x | 97% | Current |
| Green Tree Villas | Memphis, TN | Multifamily | $10.5M | 8.18% | Nov 2028 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Addison Apartments III | Memphis, TN | Multifamily | $3.1M | 8.244% | Oct 2028 | 0.63x | 73% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.