Form 10-D/A Morgan Stanley Capital For: Jul 16
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 10-D/A
Amendment No. 1
ASSET BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the monthly distribution period from: June 18, 2021 to July 16, 2021
Commission File Number of issuing entity: 333-227446-02
Central Index Key Number of issuing entity: 0001766660
Morgan Stanley
Capital I Trust 2019-L2
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-227446
Central Index Key Number of depositor: 0001547361
Morgan Stanley
Capital I Inc.
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001541557
Morgan Stanley
Mortgage Capital Holdings LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001624053
Argentic Real
Estate Finance LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001548405
Starwood
Mortgage Funding II LLC (formerly known as Archetype Mortgage Funding II LLC)
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001558761
Cantor
Commercial Real Estate Lending, L.P.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001722518
BSPRT CMBS
Finance, LLC
(Exact name of sponsor as specified in its charter)
Jane Lam (212) 761-4000
(Name and telephone number, including area code, of the person to contact in
connection with this filing)
New York
(State or other jurisdiction of incorporation or organization of the issuing
entity)
38-4014403
38-4014404
38-7221261
(I.R.S. Employer Identification No.)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)
(410) 884-2000
(Telephone number, including area code)
Not Applicable
(Former name, former address, if changed since last report)
Registered/reporting pursuant to (check one)
Title of Class |
Section 12(b) |
Section 12(g) |
Section 15(d) |
Name of Exchange (If Section 12(b)) |
A-1 |
|
|
X |
|
A-2 |
|
|
X |
|
A-SB |
|
|
X |
|
A-3 |
|
|
X |
|
A-4 |
|
|
X |
|
X-A |
|
|
X |
|
X-B |
|
|
X |
|
A-S |
|
|
X |
|
B |
|
|
X |
|
C |
|
|
X |
|
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No
Explanatory Note
This Form 10-D/A amends the Registrant's Asset Backed Issuer Distribution Report on Form 10-D filed by the Registrant on July 30, 2021 (SEC Accession No. 0001056404-21-009454) (the “Original 10-D”). The purpose of this amendment is to include the complete sentence immediately preceding this Explanatory Note, a portion of which was inadvertently omitted from the Original 10-D template. No other modifications were made to the Original 10-D or to the monthly distribution report.
Part I - DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
On July 16, 2021 a distribution was made to holders of the certificates issued by Morgan Stanley Capital I Trust 2019-L2.
The distribution report is attached as an Exhibit to this Form 10-D/A, please see Item 10(b), Exhibit 99.1 for the related information.
The following table presents the loss information for the trust assets for the Morgan Stanley Capital I Trust 2019-L2 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:
Loss Information as reported on July 16, 2021
Number of Delinquencies 30+ days |
% of Delinquencies 30+ days by Pool Balance |
Number of Loans/REOs with Losses |
Average Net Loss |
5 |
9.71% |
0 |
N/A |
No assets securitized by Morgan Stanley Mortgage Capital Holdings LLC, Argentic Real Estate Finance LLC, Starwood Mortgage Capital LLC, Cantor Commercial Real Estate Lending, L.P., and BSPRT CMBS Finance, LLC (each a "Securitizer") and held by Morgan Stanley Capital I Trust 2019-L2 were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly distribution period from June 18, 2021 to July 16, 2021.
Morgan Stanley Mortgage Capital Holdings LLC filed its most recent Form ABS-15G on May 17, 2021. The CIK number for Morgan Stanley Mortgage Capital Holdings LLC is 0001541557.
Argentic Real Estate Finance LLC filed its most recent Form ABS-15G on February 8, 2021. The CIK number for Argentic Real Estate Finance LLC is 0001624053.
Starwood Mortgage Capital LLC filed its most recent Form ABS-15G on January 22, 2021. The CIK number for Starwood Mortgage Capital LLC is 0001548405.
Cantor Commercial Real Estate Lending, L.P. filed its most recent Form ABS-15G on February 16, 2021. The CIK number for Cantor Commercial Real Estate Lending, L.P. is 0001558761.
BSPRT CMBS Finance, LLC filed its most recent Form ABS-15G on February 8, 2021. The CIK number for BSPRT CMBS Finance, LLC is 0001722518.
Item 1A. Asset-Level Information.
ABS Asset Data File (filed as Exhibit 102 to the registrant's Form ABS-EE filed on July 30, 2021 under Commission File No. 333-227446-02 and incorporated by reference herein).
ABS Asset Related Document (filed as Exhibit 103 to the registrant's Form ABS-EE filed on July 30, 2021 under Commission File No. 333-227446-02 and incorporated by reference herein).
Part II - OTHER INFORMATION
Item 9. Other Information.
Midland Loan Services, A Division of PNC Bank, National Association, in its capacity as Master Servicer for Morgan Stanley Capital I Trust 2019-L2, affirms the following amounts in the respective accounts:
Collection Account |
||
Prior Distribution Date |
06/17/2021 |
$1,109,562.49 |
Current Distribution Date |
07/16/2021 |
$843,716.81 |
REO Account |
||
Prior Distribution Date |
06/17/2021 |
$0.00 |
Current Distribution Date |
07/16/2021 |
$0.00 |
Wells Fargo Bank, N.A., in its capacity as Certificate Administrator for Morgan Stanley Capital I Trust 2019-L2, affirms the following amounts in the respective accounts:
Distribution Account |
||
Prior Distribution Date |
06/17/2021 |
$6,000.06 |
Current Distribution Date |
07/16/2021 |
$5,805.15 |
Interest Reserve Account |
||
Prior Distribution Date |
06/17/2021 |
$0.00 |
Current Distribution Date |
07/16/2021 |
$0.00 |
Gain-on-Sale Reserve Account |
||
Prior Distribution Date |
06/17/2021 |
$0.00 |
Current Distribution Date |
07/16/2021 |
$0.00 |
Item 10. Exhibits.
(a) The following is a list of documents filed as part of this Report on Form 10-D/A:
(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Morgan Stanley Capital I Inc.
(Depositor)
/s/ Jane Lam
Jane Lam, President
Date: August 2, 2021
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