In 1995, Todd Lubar ventured into the lucrative Real Estate industry. His love for the business coupled with his passion for helping others made him make up his mind to have a long-term career in finance and real estate. He started by working for Crestar Mortgage Corporation as a loan originator. It is here that Todd learned more about the conservative mortgage-banking model. Todd developed cordial relationships with insurance agents, real estate agents, financial planners and CPA’s. Today, this broad network is a crucial source of referrals to his business.
In 1999, Todd secured an equity position with the esteemed Legacy Financial Group. Through this equity, he was able to enhance his lending capabilities. He started lending as a direct mortgage bank and brokering loans to outside investors. In 2002, he managed to open Legendary Properties. Through this residential development company, Todd was able to purchase, rehabilitate, sell and profit from over 200 transactions. These dealings ranged from single-family properties to multi-family projects. According to Angel.co, through his interactions, he was able to develop strong relationships with experts in building trades. To this end, he gained many clients because of his ability to develop quality products within realistic timelines. In addition, he established cordial working relationships with renowned banking institutions. This way, he managed to secure lines of credit, some as high as $ 20 million.
In 2003, he opened Charter Funding. By virtue of his affiliation to the First Magnus Financial Corporation, Todd was able to access different programs and products, thus expanding his business. By virtue of being in the industry for over 12 years, Todd had adequate experience to assist undeserved clients. Subsequently, he founded Legendary Financial LLC. He used his own funds in addition to the liquidity provided by Legendary Properties to help borrowers’ access funds considering that traditional lending sources were overlooking them.
The real estate industry was hard hit by the economic changes experienced in 2007 and 2008. To this end, Todd engaged in other businesses. He started an automotive recycling company and was involved in the commercial demolition business. Currently, Todd lives In Bethesda, Maryland. He is a father to two children. He loves traveling and spending time with his kids. Check out his portfolio on rebelmouse.com.
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