← Morgan Stanley Capital I Trust 2018-H4 · Loan annex · CMBS market
- Deal
- Morgan Stanley Capital I Trust 2018-H4
- Current balance
- $25.1M (September 2026)
- Share of deal
- 3.6%
- Status
- Current
- DSCR (latest)
- 1.88
- Occupancy (latest)
- 98%
- Scheduled maturity
- 2028-12-06
Property and terms
| Property | Mathis Church Road (and 19 more properties) |
| Address | 16910 Mathis Church Road; 1101 East Old Settler Boulevard; 250 South Foxtail Run; 4301 South Loop 336 East; 1901 Dutton Drive; 9716 Jensen Drive; 1400 College Street; 1750 North Eastman Road; 1670 Highway 155; 3365 Collard Road; 1497 Country View Lane; 3610 Vine Street; 1711 Herring Avenue; 711 Highway 36 North; 1070 Gateway Drive; 3800 South County Road 1276; 2028 East Rusk Street; 1950 Clear Lake Road; 1009 North Oak Street; 303 South Waco Street; Houston, TX (and 19 more) 77090 |
| Property type | Multiple property types |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["1999", "2001", "2015", "2016"] |
| Original balance | $26.1M |
| Current balance | $25.1M (September 2026) |
| Share of deal balance | 3.6% |
| Interest rate at origination | 5.04% |
| Current interest rate | 5.04% |
| Origination date | 11-21-2018 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-12-06 |
| Prepayment lockout end | 09-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $40.4M | not yet reported | not yet reported |
| Most recent reported | $3.9M | 2018-10-12 | MAI |
Change from securitization to the most recent reported valuation: -90.4%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Dept of Family & Protective Svcs | not yet reported | ["10-31-2028", "09-30-2020", "02-28-2029", "11-30-2027", "01-31-2022", "07-31-2024", "10-31-2021", "08-31-2021", "12-31-2025", "08-31-2024", "07-31-2026", "03-31-2026", "02-28-2024", "10-31-2025", "04-30-2027", "11-30-2030", "10-31-2027", "06-30-2022", "08-31-2026", "01-31-2024"] |
| Health & Human Svcs Commission | not yet reported | ["08-31-2028", "08-31-2020", "06-30-2020"] |
| TX Dept of Criminal Justice | not yet reported | ["04-30-2027", "12-31-2020"] |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2018 | $26.1M | Matured balloon, performing | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | $1.4M | not yet reported | not yet reported |
| January 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | $1.4M | not yet reported | not yet reported |
| February 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | $1.4M | not yet reported | not yet reported |
| March 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | $1.4M | not yet reported | not yet reported |
| April 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2019 | not yet reported | not yet reported | not yet reported | 1.96 | 2.22 | 100% | not yet reported | 06-30-2019 | $5.1M | $2.1M | $3.0M | $2.6M |
| December 2019 | not yet reported | not yet reported | not yet reported | 1.52 | 1.78 | 100% | not yet reported | 09-30-2019 | $4.8M | $2.4M | $2.4M | $2.0M |
| January 2020 | not yet reported | not yet reported | not yet reported | 1.52 | 1.78 | 100% | not yet reported | 09-30-2019 | $4.8M | $2.4M | $2.4M | $2.0M |
| February 2020 | not yet reported | not yet reported | not yet reported | 1.52 | 1.78 | 100% | not yet reported | 09-30-2019 | $4.8M | $2.4M | $2.4M | $2.0M |
| March 2020 | not yet reported | not yet reported | not yet reported | 1.52 | 1.78 | 100% | not yet reported | 09-30-2019 | $4.8M | $2.4M | $2.4M | $2.0M |
| April 2020 | not yet reported | not yet reported | not yet reported | 1.52 | 1.78 | 100% | not yet reported | 09-30-2019 | $4.8M | $2.4M | $2.4M | $2.0M |
| May 2020 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2020 | $26.1M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2020 | $26.1M | Current | 5.04% | 2.03 | 2.29 | 100% | $0 | 03-31-2020 | $5.4M | $2.3M | $3.1M | $2.7M |
| August 2020 | $26.1M | Current | 5.04% | 2.03 | 2.29 | 100% | $0 | 03-31-2020 | $5.4M | $2.3M | $3.1M | $2.7M |
| September 2020 | $26.1M | Current | 5.04% | 2.03 | 2.29 | 100% | $0 | 03-31-2020 | $5.4M | $2.3M | $3.1M | $2.7M |
| October 2020 | $26.1M | Current | 5.04% | 1.70 | 1.96 | 100% | $0 | 06-30-2020 | $4.7M | $2.1M | $2.6M | $2.3M |
| November 2020 | $26.1M | Current | 5.04% | 1.70 | 1.96 | 100% | $0 | 06-30-2020 | $4.7M | $2.1M | $2.6M | $2.3M |
| December 2020 | $26.1M | Current | 5.04% | 1.68 | 1.94 | 100% | $0 | 09-30-2020 | $4.7M | $2.1M | $2.6M | $2.2M |
| January 2021 | $26.1M | Current | 5.04% | 1.68 | 1.94 | 100% | $0 | 09-30-2020 | $4.7M | $2.1M | $2.6M | $2.2M |
| February 2021 | $26.1M | Current | 5.04% | 1.68 | 1.94 | 100% | $0 | 09-30-2020 | $4.7M | $2.1M | $2.6M | $2.2M |
| March 2021 | $26.1M | Current | 5.04% | 1.68 | 1.94 | 100% | $0 | 09-30-2020 | $4.7M | $2.1M | $2.6M | $2.2M |
| April 2021 | $26.1M | Current | 5.04% | 1.68 | 1.94 | 100% | $0 | 09-30-2020 | $4.7M | $2.1M | $2.6M | $2.2M |
| May 2021 | $26.1M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2021 | $26.1M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2021 | $26.1M | Current | 5.04% | 1.81 | 2.07 | 96% | $0 | 03-31-2021 | $1.2M | $499,320 | $690,554 | $604,075 |
| August 2021 | $26.1M | Current | 5.04% | 1.90 | 2.15 | 96% | $0 | 06-30-2021 | $4.9M | $2.0M | $2.9M | $2.5M |
| September 2021 | $26.1M | Current | 5.04% | 1.90 | 2.15 | 96% | $0 | 06-30-2021 | $4.9M | $2.0M | $2.9M | $2.5M |
| October 2021 | $26.1M | Current | 5.04% | 1.90 | 2.15 | 96% | $0 | 06-30-2021 | $4.9M | $2.0M | $2.9M | $2.5M |
| November 2021 | $26.1M | Current | 5.04% | 1.90 | 2.15 | 96% | $0 | 06-30-2021 | $4.9M | $2.0M | $2.9M | $2.5M |
| December 2021 | $26.1M | Current | 5.04% | 1.90 | 2.15 | 96% | $0 | 06-30-2021 | $4.9M | $2.0M | $2.9M | $2.5M |
| January 2022 | $26.1M | Current | 5.04% | 1.97 | 2.23 | 96% | $0 | 09-30-2021 | $4.9M | $1.9M | $3.0M | $2.6M |
| February 2022 | $26.1M | Current | 5.04% | 1.97 | 2.23 | 96% | $0 | 09-30-2021 | $4.9M | $1.9M | $3.0M | $2.6M |
| March 2022 | $26.1M | Current | 5.04% | 1.97 | 2.23 | 96% | $0 | 09-30-2021 | $4.9M | $1.9M | $3.0M | $2.6M |
| April 2022 | $26.1M | Current | 5.04% | 1.92 | 2.18 | 96% | $0 | 12-31-2021 | $4.9M | $2.0M | $2.9M | $2.6M |
| May 2022 | $26.1M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2022 | $26.1M | Current | 5.04% | 1.81 | 2.07 | 97% | $0 | 03-31-2022 | $1.2M | $544,543 | $690,001 | $603,523 |
| July 2022 | $26.1M | Current | 5.04% | 1.81 | 2.07 | 97% | $0 | 03-31-2022 | $1.2M | $544,543 | $690,001 | $603,523 |
| August 2022 | $26.1M | Current | 5.04% | 1.81 | 2.07 | 97% | $0 | 03-31-2022 | $1.2M | $544,543 | $690,001 | $603,523 |
| September 2022 | $26.1M | Current | 5.04% | 1.81 | 2.07 | 96% | $0 | 03-31-2022 | $1.2M | $544,543 | $690,001 | $603,523 |
| October 2022 | $26.1M | Current | 5.04% | 1.85 | 2.11 | 96% | $0 | 06-30-2022 | $4.9M | $2.1M | $2.8M | $2.5M |
| November 2022 | $26.1M | Current | 5.04% | 1.85 | 2.11 | 96% | $0 | 06-30-2022 | $4.9M | $2.1M | $2.8M | $2.5M |
| December 2022 | $26.1M | Current | 5.04% | 1.85 | 2.11 | 96% | $0 | 06-30-2022 | $4.9M | $2.1M | $2.8M | $2.5M |
| January 2023 | $26.1M | Current | 5.04% | 1.98 | 2.23 | 96% | $0 | 09-30-2022 | $5.0M | $2.0M | $3.0M | $2.6M |
| February 2023 | $26.1M | Current | 5.04% | 1.98 | 2.23 | 96% | $0 | 09-30-2022 | $5.0M | $2.0M | $3.0M | $2.6M |
| March 2023 | $26.1M | Current | 5.04% | 1.98 | 2.23 | 96% | $0 | 09-30-2022 | $5.0M | $2.0M | $3.0M | $2.6M |
| April 2023 | $26.1M | Current | 5.04% | 2.00 | 2.26 | 96% | $0 | 12-31-2022 | $5.0M | $2.0M | $3.0M | $2.7M |
| May 2023 | $26.1M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2023 | $26.1M | Current | 5.04% | 2.12 | 2.38 | 96% | $0 | 03-31-2023 | $1.3M | $492,566 | $793,467 | $706,988 |
| July 2023 | $26.1M | Current | 5.04% | 2.12 | 2.38 | 96% | $0 | 03-31-2023 | $1.3M | $492,566 | $793,467 | $706,988 |
| August 2023 | $26.1M | Current | 5.04% | 2.12 | 2.38 | 96% | $0 | 03-31-2023 | $1.3M | $492,566 | $793,467 | $706,988 |
| September 2023 | $26.1M | Current | 5.04% | 2.12 | 2.38 | 96% | $0 | 03-31-2023 | $1.3M | $492,566 | $793,467 | $706,988 |
| October 2023 | $26.1M | Current | 5.04% | 2.12 | 2.38 | 96% | $0 | 06-30-2023 | $5.2M | $2.0M | $3.2M | $2.8M |
| November 2023 | $26.1M | Current | 5.04% | 2.12 | 2.38 | 96% | $0 | 06-30-2023 | $5.2M | $2.0M | $3.2M | $2.8M |
| December 2023 | $26.1M | Current | 5.04% | 2.12 | 2.38 | 96% | $0 | 06-30-2023 | $5.2M | $2.0M | $3.2M | $2.8M |
| January 2024 | $26.1M | Current | 5.04% | 2.07 | 2.33 | 96% | $0 | 09-30-2023 | $5.2M | $2.1M | $3.1M | $2.8M |
| February 2024 | $26.0M | Current | 5.04% | 2.07 | 2.33 | 96% | $0 | 09-30-2023 | $5.2M | $2.1M | $3.1M | $2.8M |
| March 2024 | $26.0M | Current | 5.04% | 2.07 | 2.33 | 96% | $0 | 09-30-2023 | $5.2M | $2.1M | $3.1M | $2.8M |
| April 2024 | $26.0M | Current | 5.04% | 2.07 | 2.33 | 96% | $0 | 09-30-2023 | $5.2M | $2.1M | $3.1M | $2.8M |
| May 2024 | $26.0M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $25.9M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $25.9M | Current | 5.04% | 1.68 | 1.88 | 96% | $0 | 03-31-2024 | $1.3M | $523,390 | $795,385 | $708,906 |
| August 2024 | $25.9M | Current | 5.04% | 1.68 | 1.88 | 96% | $0 | 03-31-2024 | $1.3M | $523,390 | $795,385 | $708,906 |
| September 2024 | $25.8M | Current | 5.04% | 1.68 | 1.88 | 96% | $0 | 03-31-2024 | $1.3M | $523,390 | $795,385 | $708,906 |
| October 2024 | $25.8M | Current | 5.04% | 1.75 | 1.96 | 96% | $0 | 06-30-2024 | $5.3M | $2.0M | $3.3M | $3.0M |
| November 2024 | $25.8M | Current | 5.04% | 1.75 | 1.96 | 96% | $0 | 06-30-2024 | $5.3M | $2.0M | $3.3M | $3.0M |
| December 2024 | $25.7M | Current | 5.04% | 1.75 | 1.96 | 96% | $0 | 06-30-2024 | $5.3M | $2.0M | $3.3M | $3.0M |
| January 2025 | $25.7M | Current | 5.04% | 1.75 | 1.96 | 96% | $0 | 06-30-2024 | $5.3M | $2.0M | $3.3M | $3.0M |
| February 2025 | $25.7M | Current | 5.04% | 1.75 | 1.96 | 96% | $0 | 06-30-2024 | $5.3M | $2.0M | $3.3M | $3.0M |
| March 2025 | $25.6M | Current | 5.04% | 1.75 | 1.96 | 96% | $0 | 06-30-2024 | $5.3M | $2.0M | $3.3M | $3.0M |
| April 2025 | $25.6M | Current | 5.04% | 1.75 | 1.96 | 95% | $0 | 06-30-2024 | $5.3M | $2.0M | $3.3M | $3.0M |
| May 2025 | $25.6M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $25.5M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $25.5M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $25.5M | Current | 5.04% | 1.73 | 1.93 | 94% | $0 | 03-31-2025 | $1.3M | $523,143 | $816,267 | $729,787 |
| September 2025 | $25.5M | Current | 5.04% | 1.73 | 1.93 | 94% | $0 | 03-31-2025 | $1.3M | $523,143 | $816,267 | $729,787 |
| October 2025 | $25.4M | Current | 5.04% | 1.71 | 1.91 | 94% | $0 | 06-30-2025 | $5.4M | $2.2M | $3.2M | $2.9M |
| November 2025 | $25.4M | Current | 5.04% | 1.71 | 1.91 | 94% | $0 | 06-30-2025 | $5.4M | $2.2M | $3.2M | $2.9M |
| December 2025 | $25.4M | Current | 5.04% | 1.71 | 1.91 | 94% | $0 | 06-30-2025 | $5.4M | $2.2M | $3.2M | $2.9M |
| January 2026 | $25.3M | Current | 5.04% | 1.71 | 1.91 | 94% | $0 | 09-30-2025 | $5.4M | $2.2M | $3.2M | $2.9M |
| February 2026 | $25.3M | Current | 5.04% | 1.71 | 1.91 | 94% | $0 | 09-30-2025 | $5.4M | $2.2M | $3.2M | $2.9M |
| March 2026 | $25.3M | Current | 5.04% | 1.71 | 1.91 | 94% | $0 | 09-30-2025 | $5.4M | $2.2M | $3.2M | $2.9M |
| April 2026 | $25.2M | Current | 5.04% | 1.73 | 1.93 | 94% | $0 | 12-31-2025 | $5.5M | $2.2M | $3.3M | $2.9M |
| May 2026 | $25.2M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $25.2M | Current | 5.04% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $25.1M | Current | 5.04% | 1.78 | 1.98 | 94% | $0 | 03-31-2026 | $1.4M | $549,101 | $836,548 | $750,070 |
| August 2026 | $25.1M | Current | 5.04% | 1.78 | 1.98 | 94% | $0 | 03-31-2026 | $1.4M | $549,101 | $836,548 | $750,070 |
| September 2026 | $25.1M | Current | 5.04% | 1.88 | 2.08 | 98% | $0 | 06-30-2026 | $5.9M | $2.4M | $3.5M | $3.2M |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.