Todd Lubar joined the real estate sector in 1995. It quickly became obvious to him that he should follow this career path. Initially, he joined real estate as a loan originator in collaboration with Crestar Mortgage Corporation. His work there allowed him to gain a good understanding of conservative Mortgage Banking. The experience proved to be quite invaluable. He spent his time there forming beneficial relationships with CPA’s, financial planners, real estate agents, and insurance agents who form the main source of his referral business.
Todd advanced further into real estate world in 1999 with the acquisition of an equity position with Legacy Financial group. It allowed him to expand his lending business. Besides that, he could now lend as a direct Mortgage bank and broker loans to outside investors. In 2002, he advanced his participation in real estate further with the opening of Legendary Properties, LLC. His deep roots in the real estate sector allowed him to rapidly progress in selling, purchasing, rehabilitating, and profiting from over 200 transactions that ranged from multi-family to single family dwelling units. It also allowed him to establish relationships in the banking sector giving him access to lines of credits as high as twenty million dollars.
In 2003, Todd opened Charter Funding, which further advanced his participation in the Mortgage Banking Industry. The company was affiliated to one of the largest privately owned mortgage companies in America. This affiliation (http://www.toddlubar.com/contact/ ) gave him a broad access to many products and programs that were crucial for business success.
With his 12 years of industry experience, Todd was able to note that there was a niche of underserved clients. It resulted in his decision to form Legendary Financial LLC, a commercial lending institution that serves both companies and individuals. Todd used the liquidity of Legendary Properties and some of his funds to serve people who were overlooked by traditional lenders. His experience in over 7,000 transactions allowed him to analyze the risk of any loan scenario based on market conditions. As the mortgage industry began to experience turbulence in the 2007 and 2008 period, he decided to diversify his investment. Among his business interests were commercial demolitions.