Successful Real Estate Entrepreneur, Todd Lubar, began his educational journey at the Sidwell Friends School in Washington, DC. His high school education was attained at the Peddie School in Hightstown, NJ. He earned a B.A. Degree in Speech Communication at Syracuse University wherein he graduated in 1995. His first position was at the Crestar Mortgage Corporation where he was employed between 1995 and 1999. Once joining Crestar, Todd knew innately that the world of finance and real estate is where he belonged. He next joined Legacy Financial Group where he attained a great deal of knowledge as to the ins and outs of the lending industry. Todd brokered loans to outside investors as well as acted as a lending source for a direct mortgage bank.
Todd wished to raise the bar a bit, with regard to his financial career. He did so in 2002. In 2002, he established Legendary Properties, LLC—a residential development organization. By means of Legendary Properties, LLC, Todd was able to effect quicker processes with respect to buying, rehabbing and selling existing properties. These properties ranged from that of single family dwellings to multi-unit establishments—consisting of over twenty units. Todd transacted over two hundred transactions and established good rapports with experienced property developers. The relationship building allowed the savvy entrepreneur to assure the properties he purchased were turned over within a reasonable period of time—something essential to the industry. He, too, established significant partnerships with individuals in the field of banking, and watched his line of credit, grow considerably, in doing so.
Todd’s continual involvement in the financial industry, allowed him to reasonably establish Charter Funding in 2003. Charter Funding is a subsidiary of the First Magnus Financial Corporation, which is one of the largest private mortgage companies, within the United States.
Todd had spent over a decade observing the real estate market. In doing so, he had discovered a niche market of borrowers who were being passed over for loans. Todd addressed this specialized niche by establishing the business financial entity of Legendary Financial LLC which is an affiliate of Legendary Properties, LLC.
Legendary Financial LLC’s purpose was to target borrowers and companies who were unable to meet the requirements of the provincial banking institution. Todd made use of his liquidity in his company as well as making use of his own personal financial reserves in order to make funds available to his niche clientele. He recorded over seven-thousand borrowing transactions. Todd made it a point to analyze the overall risk of the loan he was considering and made his final lending decision, based on how the market was responding, economically; overall.
Todd attributes his high level of business success to sound decision-making, relative to the outside economic environment, and successful relationship building. He recommends, the two prevailing key elements, are necessary, in order to build a strong business model.
On a more personal note: Todd enjoys spending his leisure time with his two children. He is a resident of the Bethesda, Maryland area—as indicated above. He likes to travel, especially to sunny locales, such as California. He makes it a point, he says, to try to say something encouraging to someone each and every day. He believes in challenging himself, and in providing the best in character that he can with regard to every business-decision and personal relationship which he involves himself.