Ray Driver, III, is a third-generation owner of the company. Ray is committed to his firm’s tradition of “Growth Through Relationships” by continuously building and maintaining strong relationships with capital providers, strategic partners and his employees, a key component to his continued success.

With more than three decades of experience in commercial real estate, Ray has worked with many leading capital providers across the country in various capacities. Ray has been instrumental in developing loan origination platforms, placement of hundreds of debt and equity transactions, and has extensive knowledge of commercial real estate lending and the mortgage banking industry through loan origination, transaction management, real estate consulting and asset management.

Ray’s day-to-day involvement at the firm is focused on accelerating productivity by overseeing origination, underwriting, closing and servicing of debt and equity transactions for a broad range of assets including retail, industrial, office, and multi-family properties. Ray further manages all processes related to operating a successful mortgage banking firm.

Upon joining Q10 Capital, LLC, as a founding member in 2004, Ray served on the Executive Committee and as Chairman of the Board of Directors. Ray helps provide strategic direction for the group as well as leadership and guidance to all member offices throughout the US.

Ray currently serves on the executive advisory boards of the University of Houston Graduate Real Estate Program and the Texas A&M Masters of Real Estate Program and is excited to be part of building future industry leaders. Ray has served as a panelist, featured speaker and continues to be involved in many capacities in numerous industry organizations, including the Mortgage Bankers Association, Texas Mortgage Bankers Association, the National Multi-Housing Council, Urban Land Institute, and International Council of Shopping Centers. Ray served as 2004 President and served on the Board of Directors for several years for the Houston Chapter of NAIOP. Ray’s dedication to developing relationships endures in his personal life as well, through committing his time to several community and civic organizations.

A lifelong resident of Houston, Texas, Ray began his extensive commercial mortgage banking career when he joined the company in 1975. He is a graduate of Stephen F. Austin University.

Contact Ray at (713) 871-5801 or


Gary Hough, Principal of Q10 KDH, is an accomplished commercial real estate executive with a broad background in finance, investment sales and development. His career began over 35 years ago as an investment sales broker, and later transitioned into the development of retail and multifamily properties in major markets in Texas, Arizona, and Tennessee. He was responsible for feasibility, site selection, and financing of ground-up development. In addition to obtaining construction loans and takeout financing, he arranged tax-exempt bond financing for multifamily development. Gary has experience in liquidating distressed assets for institutional investors such as insurance companies, banks, the FDIC, and the Resolution Trust Corporation.

In 1994 Gary joined Kinghorn, Driver as a Principal, and helped grow the mortgage banking company from a $75 million loan servicing portfolio to over $1.5 billion. In addition to day-to-day managerial duties and investor relations, he is responsible for debt and equity placement.

Gary received a BBA degree from the University of St. Thomas. He is a member of the Mortgage Bankers Association, the National Multifamily Housing Council, and is on the Advisory Board of the Urban Land Institute. Gary is a frequent panelist, speaker and moderator related to mortgage banking and commercial real estate topics. Additionally, he enjoys serving as a Visiting Executive Professor of Real Estate Finance at Texas A&M University, Mays Business School and sitting on the Advisory Board of the Masters of Real Estate Program.

Contact Gary at (713) 871-5802 or

Vice President

Matt Franke is Vice President and Director of Loan Production at Q10 KDH’s Houston office. Matt has 25 years of transactional experience in the commercial real estate finance industry, including 21 years at Q10 KDH.  In this time he has cultivated a diverse knowledge in portfolio debt, CMBS, agency lending and structured equity that creates value for borrowers, investors, and lenders. By utilizing a team approach in nearly all of his transactions, Matt both supports and is supported by his KDH principal owners, originators and analysts.

Matt started his professional career with a Midwest life insurance company in 1992, which provided him with first-hand experience in portfolio lender operations.  Using his unique and balanced approach to real estate finance, Matt has facilitated more than 240 transactions totaling more than $1.93 billion covering all major property types in markets across the United States. Matt specializes in retail, multifamily, industrial, and office financing with experience in Texas, Florida, Arizona, Illinois, California, Georgia, Alabama, Tennessee, and Oklahoma markets.

By utilizing his investor relationships in Houston and nationally, Matt delivers a high volume of transactions across many asset types.  Noteworthy transactions include:

  • Fixed-rate, permanent financing for a newly constructed mixed use retail/office development in northwest Houston.  The $30,000,000 loan was placed with a Q10 KDH correspondent life insurance company.
  • Fixed-rate, cash-out refinance of a Costco/Lowe’s anchored retail center in west Houston. The $44,000,000 loan was placed with a life insurance company lender.
  • Fixed-rate, cash-out refinance of a Class A mixed-use retail/restaurant property in Midtown Houston.  The $19,500,000 loan was placed with a CMBS lender.
  • Construction financing for a new corporate headquarters campus for a regional energy service company. The $14,635,000 loan was placed with national banking institution.

Matt received a Bachelor of Arts degree in economics from the University of Missouri-Kansas City. He is an active member with the Mortgage Bankers Association and a graduate of the MBA’s Future Leaders Program.  Away from the office, Matt enjoys spending time with his family, traveling, and photography.

Contact Matt at (713) 871-5811 or

Senior Vice President

Harry D. “Buddy” Hopson Jr. joined Q10 KDH as a Vice President in 2000. Working in the commercial mortgage banking industry for 39 years, he previously served as director/senior vice president of WMF Robert C. Wilson Co. where he oversaw the nationwide commercial mortgage banking operations.

Before WMF Group acquired the Robert C. Wilson Co. in 1997, Buddy was co-owner, president and director of The Robert C. Wilson Co., which operated as a mortgage banker in Texas, Arizona, Colorado, and California.

A native Houstonian, Buddy has served on the advisory board of Texas State Title Co., and was a member of the Correspondent Advisory Board of State Farm Life Insurance Co. He is a graduate of the University of Texas.

Contact Buddy at (713) 871-5806 or

Vice President

Larry Peters is a Vice President in the Houston office of Q10 KDH. He has 35 years of experience in commercial real estate including loan originations, investments sales, loan sales, loan servicing, and joint venture/equity transactions.  Through the course of his career, Larry has attained national experience in underwriting and originating debt for a wide range of income producing properties including; multifamily, industrial, office, retail, medical office, hospitality, self-storage, and manufactured housing. With an emphasis on meeting the client’s needs, a wide range of debt sources has been accessed including portfolio lenders, agency lending, and CMBS.

Prior to his mortgage banking career he was a Senior Vice President with a regional appraisal/consulting firm and was responsible for the production and oversight of the Commercial Appraisal division. Mr. Peters began his career at a national brokerage firm where his focus was on the sale of income producing real estate to high net worth individuals and institutions.

Mr. Peters received a B.B.A. in finance from the University of Texas at Austin and has continued his education through the Appraisal Institute of Real Estate.

Contact Larry E. at (713) 871-5812 or

Vice President

Travis Fite joined Q10 KDH in 2011 after originating commercial mortgages for a nationwide investment sales brokerage house. With over sixteen years’ experience as a mortgage banker, Travis has personally closed hundreds of millions of dollars in financing on all the major property types, including office, multitenant retail, industrial, and multifamily.

In addition to providing debt financing for the traditional property types, Travis has also closed loans on self-storage, flagged hospitality, undeveloped land, and numerous single-tenant retail properties. He has sourced financing with a variety of local and national banks, credit unions, conduits, agencies, and life company lenders. Travis has the knowledge and experience to manufacture a competitive marketplace among lenders in a way that will generate the best possible terms for his clients on any given transaction. His ability to match up commercial real estate debt requests with the right lender makes him well-liked among both borrowers and lenders.

Travis, a sixth-generation Houstonian, is a graduate of Principia College, in Elsah, Illinois, where he earned his B.A. in Business Administration and Spanish. He has been involved with the Mortgage Bankers Association and International Council of Shopping Centers. Travis also holds a Real Estate Salesperson’s License in the State of Texas.

Contact Travis at (713) 871-5895 or

Vice President

Dave Holland joined Q10 KDH in June 2013. He is a well-rounded real estate professional with over 10 years of experience in finance, development, and operations. Since joining Q10 KDH, Dave has participated in closing over $350 million of financing.

Before joining Q10 KDH, Dave served as the Development, Finance, & Operations Manager for Del Mar Development, an affiliate of Senterra in Houston. During his time with Del Mar, Dave managed the development of master-planned resort communities and homes adjacent to the One&Only Palmilla Hotel in Los Cabos, Mexico, resulting in over $100 million of real estate sales through the recession. He analyzed and prepared financial models for resort residential and hospitality development projects for equity partners such as MSD Capital (Michael Dell’s investment firm) and Senterra. In addition, he managed the finances for resort operations including a beach club, a fitness club, HOA and property management, triple-play telecommunication services, a vacation home rental program, and human resource services for 200+ employees. During graduate school, Dave gained commercial real estate finance experience with Northmarq Capital in Dallas and worked at the Texas Real Estate Center.

Dave is a native Texan and a graduate of Texas A&M University with a Master of Real Estate degree and a BBA degree in finance. He is a member of the Urban Land Institute and the Aggie Real Estate Network.

Contact Dave at (713) 871-5817 or

Vice President

Emily Zarcaro joined Q10 KDH in 2014. Since then, she has assisted in underwriting and closing over $500 million across 75 loans including retail, industrial, office, multifamily, hospitality, self-storage, and mixed-use properties. She was promoted to the position of Vice President in 2016 where she is responsible for originating debt and equity opportunities for KDH.

Emily is a native Houstonian and graduate of the University of Texas at Austin. She received her MBA from the University of Houston Bauer College of Business with a focus in commercial real estate. She is actively involved with the UH Graduate Real Estate Program, CREW, ULI, and CCIM. Emily was awarded the Certified Commercial Investment Member designation by the CCIM Institute in October 2016.

Contact Emily at (713) 871-5815 or

Senior Associate

Adam Unger joined Q10 KDH in 2013 as an associate and was promoted to Senior Associate in 2016. Prior to that, he was an officer in the United States Navy. Since joining, Adam has assisted in originating, underwriting and closing over $650 million in over 125 loans including retail, industrial, office, multifamily, and self-storage properties across all major markets in Texas.

Adam, a native Houstonian, graduated from Texas A&M University with a BBA in finance and a focus in commercial real estate. He was a member of the Texas A&M Corps of Cadets and Navy ROTC, holding various leadership positions in each. While in college, Adam interned with American National Insurance Company, a Q10 KDH correspondent, in their commercial real estate lending group.

Contact Adam at (713) 871-5861 or

Senior Associate

Blake Butler joined Q10 KDH as a Senior Associate in April 2019. Blake is an experienced commercial real estate professional with over 13 years of financial services experience in the banking and brokerage areas of finance. He has underwritten and closed over $700 million of debt transactions during his career.

Blake’s ability to procure favorable terms, competitive pricing, and work through complicated transactions for clients has been a large contributing factor to his success. Blake has completed transactions for office, multifamily, retail, and industrial assets throughout the nation. His transaction experience includes single tenant, build to suit, construction, big box power centers, grocery-anchored centers, and portfolios.  He has utilized a diverse list of capital sources for clients to ensure the proper placement of debt to assist the client’s investment strategy and objectives. In addition to banks, he has closed loans with insurance companies, Fannie Mae, Freddie Mac, debt funds, bridge lenders, and CMBS lenders.

Blake is a native Houstonian and graduate of Texas Tech University. Blake currently resides in Sugar Land with his wife, Jennifer, and two young children. Besides spending time with his family, he actively participates in local real estate events and serves on the Associate Vestry at his church.

Contact Blake at (713) 871-5810 or


Michael Borden joined Q10 KDH in January 2017. He currently has a dual role at KDH supporting both the servicing and production teams. Michael coordinates with the Servicing Manager and Portfolio Managers to perform annual reviews and inspections for each loan in the firm’s $1.5 billion servicing portfolio. Also, he assists the producers with the origination and closing of new loans. Michael is head of the Q10 KDH internship program and is responsible for overseeing the interns to support the servicing team.

Michael, a native Houstonian, graduated from Texas A&M University with a Master of Real Estate and a BBA in Management. As a graduate student, he interned with Q10 KDH, providing assistance to the Servicing and Production teams. Once Michael graduated, he re-joined the Q10 KDH team full time as an associate.

Contact Michael at (713) 871-5896 or


Keith Read joined the company in January 2019 as an associate. Keith assists the Servicing team with conducting annual reviews and inspections for each loan in the firm’s $1.6 billion servicing portfolio. He also supports the Production team with the origination and closing of new loans. Keith coordinates with the Q10 KDH internship program, as well, providing guidance to interns who support the Servicing team.

Keith graduated from Texas A&M University with a Master of Real Estate in December 2018 and a BS in Horticulture in 2016. He previously interned with Q10 KDH as a graduate student.

Contact Keith at (713) 871-5890 or

Servicing Manager

Charleen Gowan joined Q10 KDH in 2005. Her responsibilities include managing the loan servicing and loan closing departments which entails overseeing the reporting, administration, and accounting operations of a portfolio of approximately 500 loans totaling $1.5 billion for 23 life company lenders.

She has 20 years of commercial real estate finance experience, beginning her career with PricewaterhouseCoopers. Charleen has built up expertise in the areas of valuation, acquisition/disposition due diligence, financial analysis, and loan underwriting.

Charleen has a Master’s degree in Land Economics and Real Estate and a BBA in Finance, both from Texas A&M University.

Contact Charleen at (713) 871-5816 or

Portfolio Manager

Renee Zgarba joined Q10 KDH in 2011. In this role, she manages a $436 million portfolio of 253 loans for 16 lenders. Renee has experience in commercial mortgage-backed securities, agency and life company loans.

Her commercial loan servicing knowledge spans 21 years in a career that includes portfolio management for HFF, LP,Live Oak Capital, and Gemsa Loan Services. She attended Sam Houston State University. She is also a volunteer for the Houston Livestock Show and Rodeo.

Contact Renee at (713) 871-5888 or

Portfolio Manager

Rachel Neundorfer joined Q10 KDH as a portfolio manager in January of 2014. She manages a portfolio of over $1 billion consisting of 230 loans for 13 lenders. Rachel brings over 15 years of experience in the commercial real estate industry, servicing commercial mortgage-backed securities and life company loans. Prior to joining the company, Rachel began her career with Gemsa Loan Services and subsequently Grandbridge Real Estate Capital.

Rachel is a native Texan and received her Bachelor degree in Business Administration from Stephen F. Austin State University.

Contact Rachel at (713) 871-5892 or