ec2
 

Jim
Stepanian

Jim Stepanian, CEO Summerlin Asset Management, LLC

Irvine, California

Real estate financier Jim Stepanian brings 17 years of corporate management experience to his current role as President and founder of Summerlin Asset Management, LLC, (SAM) with offices in Arizona, Nevada, and Southern California. At SAM, Jim Stepanian serves in the capacity of loan manager and negotiator for distressed mortgages and real estate deeds, by establishing relationships with regional banks looking to reduce their mortgage holdings. Because real estate prices have fallen significantly since the mortgage crisis, many individuals have taken an interest in first trust deed investing, known as a safe and collateralized high-yielding option in the investment market.

In addition to his regular duties as a negotiator and interlocutor between lenders, homeowners, and investors, Jim Stepanian travels across the country to inform investors about mortgages and deeds that are available for purchase from SAM. His online first deed marketplace, accessed through his latest venture NoteTechnology.com, LLC, makes real estate notes, deeds of trust, first mortgages and second mortgages available to investors on a worldwide scale. Driven by technology, Mr. Stepanian’s NoteTechnology.com maintains an interlinking network of over 100 domain properties that display current real estate opportunities, a technological strategy that has proven highly effective.

In January 2012, Summerlin Asset Management expanded its operations by opening a new Irvine office located at 18101 Von Karman Avenue, 3rd Floor. If you wish to reach Jim Stepanian or Summerlin Asset Management please call (949) 225-4471.

Jim Stepanian can also be contacted online via LinkedIn.com.
http://www.linkedin.com/pub/jim-stepanian/33/a28/8a4


Jim Stepanian's Schools

Jim Stepanian's Companies

  		•  Note Technology 2011 - Irvine, California
    Founder/CEO
  		• Summerlin Asset Management 2008 - Tustin, California
    President/CEO
    Founder of Summerlin Asset Management. Work directly with the banks and lenders, negotiating the purchase of loans on performing and non performing first trust deeds. Research the values of the trust deeds and analyze their loan to value ratio to determine whether they are suitable for my investors. Travel the country speaking to investors about the safe collateralized loans they can purchase and help them determine which loans would work for their investment portfolio.

Jim Stepanian's Publications

  • FAQ about Trust Deed Investing, Jim Stepanian
    November, 2011
    Due to current real estate prices, trust deed investing has grown in popularity. Jim Stepanian, Summerlin Asset Management, LLC’s founder and President, travels the country to research the values of trust deeds and analyze their loan to value ratio in order to determine whether or not they are appropriate for his investors. Since the company’s 2008 launch, Jim Stepanian has worked with banks and lenders to negotiate the purchase of performing and non-performing first trust deeds. Summerlin Asset Management (SAM) often takes the latter and turns them into performing notes by reducing the mortgage amount and motivating homeowners to start making payments again.

    For those who think they might be interested in trust deed investing, here are some answers to frequently asked questions.

    What is a mortgage?

    A mortgage is a loan that covers a piece of property and paid in installments over an agreed upon time period. It is a provisional and restrictive promise of property to a creditor as security for performance of the repayment of the debt. In other words, a mortgage ensures that the loan will be repaid per the agreement.

    How risky is trust deed investing?

    This type of investment is conservative and holds low risk. SAM investors can count on guaranteed 35 percent or higher protective equity. Moreover, a first mortgage is documented as public record and the transaction is confirmed by a licensed title company with the purchaser’s name, so your money will not just disappear.

    Is it common for borrowers to pay 10-14 percent interest for a first mortgage?

    Yes. In the current economic climate, borrowers often have a difficult time getting approved for a loan to begin with. Those that do meet the criteria (considerable collateral, optimal credit score, and predictable income) are often subject to higher interest rates.

    What is a deed?

    To avoid foreclosure, some people choose to deed the property to the lender to receive forgiveness for the total mortgage amount owed. The lender then sells the real estate property to make up the difference between the amount paid and the amount still owed. The process is implemented through an escrow company which processes the borrower’s note from the lender and officially releases the borrower from financial obligation per the mortgage agreement.