About Me
A real estate financier and innovative businessman, Jim Stepanian
divides his time between the two Orange County, California-based
enterprises that he owns and operates. He is president of Summerlin
Asset Management, LLC, which purchases and manages a portfolio of first
trust deeds and other secured notes. In addition, Jim Stepanian founded
and directs Note Technology.com, LLC, a provider of real estate-oriented
online marketplaces that he founded in 2011.
Jim Stepanian structured the business models of the two firms to
work in concert. Through Summerlin Asset Management, he negotiates with
banks and lenders to purchase non-performing mortgages and other
collateralized notes. Then, via Note Technology’s unique online
marketplace, Jim Stepanian makes the notes available for sale to a
spectrum of investors. The virtual marketplace, numbering more than 100
domains, utilizes a patented, proprietary search-optimized algorithm
that encompasses all cities, counties, states, and zip codes in North
America. He describes note investing as a proven concept but one that is
growing in prevalence with the meltdown in the real estate market.
Jim Stepanian brings to his present business endeavors a major
degree of leadership experience in diverse fields. Earlier in his
professional life, he held the post of chief executive officer of a
California utility. He also established and ran a telecommunications
firm. Later, he shifted his focus to the wellness industry, forming a
nutrition business that marketed a line of natural products.
Away from his day-to-day responsibilities, Jim Stepanian crosses the
country addressing audiences of investors. He discusses ways to
purchased safe, collateralized loans. He also helps them select
mortgages best suited their investment strategy.
Interests
Travel, Basketball, Real Estate
