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450 Forest Park Boulevard

Hines Secures $55.7 Million Loan For Acquisition Of Tempo At Riverpark Multifamily In Oxnard
FINANCEDMultiFamily

Hines Secures $55.7 Million Loan For Acquisition Of Tempo At Riverpark Multifamily In Oxnard

450 Forest Park Boulevard

$55,700,000

Building Size

Asset Type

MultiFamily

Closing

Apr 14, 2026

AI

The property involved in this transaction is a multifamily asset located at 450 Forest Park Boulevard in Oxnard. The community comprises 235 units and was reported to be 95.7% occupied as of December 2025. The acquisition financing for this property amounted to $55,700,000.

Summary of transaction details:

The financing deal was specifically arranged by Kevin MacKenzie, Annie Rice, Brandon Smith, Gyasi Edmondson, and Alyssa Malley of JLL Capital Markets to support Hines U.S. Property Partners in the acquisition of the Tempo at Riverpark property. This financing is structured as a five-year bank-originated loan.

Players

Kevin MacKenzie

JLL

Broker

$4.4B

vol

25 deals

Broker
Laura Hines-Pierce

Laura Hines-Pierce

Hines

Landlord

$3.8B

vol

36 deals

Landlord

Oxnard MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93