Retail · Madison, Alabama
North Madison Corners
North Madison Corners is financed with a $8.0M CMBS loan at 5.00% that reaches maturity on October 1, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,990,478
- Original balance (same notes)
- $8,650,000
- Interest rate
- 5.00% fixed
- Originated
- September 12, 2018
- Maturity
- October 1, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- June 30, 2028
- Master servicer
- Wells Fargo
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7950 Highway 72 West 5923 Wall Triana Highway, Madison, AL 35758
- Metro
- Huntsville, AL
- Rentable area
- 73,600 sq ft
- Built
- 1995
- Largest tenants
- Micheals's Stores, Inc; Marshalls's of MA, Inc; Dolgencorp, LLC
- Value at securitization
- $13.3M (Jun 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.60x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $889K | 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.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.0M | Current | No | n/a | n/a |
| August 2026 | $8.0M | Current | No | n/a | n/a |
| July 2026 | $8.0M | Current | No | n/a | n/a |
| June 2026 | $8.0M | Current | No | n/a | n/a |
| May 2026 | $8.0M | Current | No | n/a | n/a |
| April 2026 | $8.1M | Current | No | 1.44x | 100% |
| March 2026 | $8.1M | Current | No | 1.44x | 100% |
| February 2026 | $8.1M | Current | No | 1.44x | 100% |
| January 2026 | $8.1M | Current | No | 1.44x | 100% |
| December 2025 | $8.1M | Current | No | n/a | n/a |
| November 2025 | $8.1M | Current | No | n/a | n/a |
| October 2025 | $8.1M | Current | 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.
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 | 27 | $7,990,478 | Sep 2026 | SEC filing, October 2, 2026 |
Other Huntsville loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Westin & Element - Huntsville | Huntsville, AL | Hotel | $25.0M | 4.745% | Oct 2028 | 3.97x | 70% | Current |
| Gallery Shopping Center | Huntsville, AL | Retail | $8.3M | 4.90% | Apr 2028 | 1.97x | 95% | Current |
| Park Place | Huntsville, AL | Office | $6.0M | 4.81% | Jul 2028 | 2.21x | 74% | Current |
| CityLine Added Space Self Storage Memorial Parkway | Huntsville, AL | Self storage | $3.7M | 7.50% | Oct 2028 | n/a | n/a | Current |
| CityLine Added Space Self Storage Sparkman | Huntsville, AL | Self storage | $2.9M | 7.50% | Oct 2028 | 0.77x | 80% | 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.