Updated Apr 20, 2026
Eric Crutchfield Acquires Development Site In Highland Park From Ahmad Mohammad & Yazen El Hamad
4545 Lorraine Avenue
Building Size
1,631 SF
Asset Type
Development Site
Closing
Apr 15, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 4545 Lorraine Avenue in Highland Park, Dallas. This site encompasses a square footage of 1,631 and is categorized as a residential development site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Multi-million dollar
- Buyer: Eric Crutchfield
- Seller: Ahmad Mohammad & Yazen El Hamad
- Broker Representation: White Dove Capital
The transaction involved Eric Crutchfield of Crutchfield Customs acquiring the property from Ahmad Mohammad and Yazen El Hamad, who were represented by White Dove Capital. This acquisition followed an extensive and targeted search by White Dove Capital, with the site being sourced off-market. The strong demand for redevelopment opportunities in Highland Park further highlights the significance of this transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93