Updated Oct 19, 2026
Benjamin Spiegel And Marlon Humphrey Of Redwood Capital Acquire Winners Circle RV Park From Climb Capital For $8.45M
7970 Bellingrath Road
$8,450,000
$4/SF
Building Size
2,000,000 SF
Asset Type
Package Deal
Closing
Sep 4, 2025
About this deal
AI
The asset involved in this transaction is a package deal located at 7970 Bellingrath Road in Theodore, AL. The sale price for the property was $8,450,000, with a total square footage of 2,000,000, leading to a price per square foot of $4.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $8,450,000
- Buyer: Benjamin Spiegel & Marlon Humphrey - Redwood Capital
- Seller: Climb Capital
- Date of Transaction: 9/5/2025
Benjamin Spiegel and Marlon Humphrey, representing Redwood Capital, are leading a significant three-phase plan focusing on expanding affordable workforce housing in Mobile, AL. This acquisition marks the beginning of Redwood Capital's initiative to build a total of 2,500 housing sites and renewable energy solutions, highlighting their commitment to community impact and sustainable development.
On the Map
$8,450,000
$4/SF
Package Deal
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Theodore Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93