Drawing on his previous 17 years of experience in the telecommunications industry, where Jim Stepanian worked in management, product development, sales, regulatory compliance, and mergers and acquisitions, Mr. Stepanian opened Summerlin Asset Management in 2008. Summerlin is an investment and management company focused on the real estate industry, primarily on the buying and selling of deeds of trust, both performing and nonperforming. Jim Stepanian has made a written pledge to its investors that they will never buy a deed that has a loan-to-value ratio larger than 60 percent.
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