Ray Walter, CEO


In lending the business for over 16 years, Ray Walter has an extensive back-round in the mortgage lending industry. Before founding Capstone Capital Partners, Ray helped establish, build and operate two other successful private lending models in the Austin region. In 2007, Ray founded Walter Servicing Corporation, a private lending loan servicing company that has serviced over 100M in private loans since its inception. Through ups and downs of the real estate cycles, Ray has learned the value of preserving & staying prudent while maintaining and keeping a common sense approach to private lending. Overall, Ray has closed and funded over $400M (Residential & Commercial) in both traditional and private lending transactions in his career.

Both companies, Capstone Capital Partners, LLC and Walter Servicing Corporation are members of the Better Business Bureau with “A” Ratings.  Ray and his wife Kayla reside in Austin with their 3 children.

Jeremy Pate, Loan Processor/Closer


Jeremy Pate, our Senior Loan Processor and closer, has over 20 years of experience in the mortgage lending industry. At Capstone, Jeremy handles a majority of the ongoing communication with both our borrowers and lenders on every new loan closing while helping to ensure a successful closing each time. Jeremy is a joy to work and is very proficient in processing, originating, ordering loan documents, and scheduling all of our closings with Title Companies.

With his amazing people skills and extensive mortgage experience, Jeremy, is a valuable contribution to the Capstone Team. Jeremy is also actively involved with his church and serves frequently. Jeremy graduated from Lamar University in Beaumont Texas with a degree in Mass Communication with a minor in Business. He is an avid golfer and enjoys the outdoors.

Capstone Servicing- Team

Dorothy Horton, Operations Manager


Dorothy Horton is the Operations Manager for Capstone Servicing Corp and has been with the Captone Companies since 2005. Dorothy oversees the daily business operations including Loan Servicing, Bookkeeping, Human Resources, Payroll and Office Management. Dorothy is a real gem and has worked in several departments bringing a very thorough knowledge to all sides of the business. After very successfully working her way up through the company, Dorothy took on the operations manager role at Capstone Servicing and has been a true asset ever since she started back in 2005. Dorothy has worked closely with borrowers and private investors over the years and works very efficiently handling a majority of the operations of Capstone Servicing. Prior to moving to Austin, Dorothy gained experience in Loan Processing while living in Monterey, CA.

Her background includes Banking, Human Resources, Benefits Administration, Payroll and Executive Administrative work. She attended University of New Mexico and University of Phoenix majoring in Business Administration.

Melanie Miller, Administrative Support


Melanie originally started with the Walter Companies (currently known as Capstone Corporation) in 2006 and handles the monthly collections from our borrowers and the corresponding interest disbursements to our lenders. Melanie also handles all of the weekly construction and renovation draws and works almost daily with our builders as well as our lenders in providing clear updates and oversight to our construction projects.

Melanie began her career in banking specializing in credit and lending eventually becoming Executive Secretary to the VP. She left banking for retail where she quickly became the Shop Director for a popular retail store. After 5 years in retail management, she began managing large multi-family complexes. She was an Assistant Manager for one of the southwest region’s largest real estate offices in Santa Fe, New Mexico. Melanie has diverse experience and a wide range of knowledge in Banking, Real Estate Investing, and Retail Management.