The Stellar Career of Todd Lubar

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 ( ) 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.

To learn more about Todd Lubar, visit his page and bio.


US Money Reserve – Is it time to say goodbye to the Penny?

Well, is it time to say goodbye to the penny? According to Philip Diehl, The president of U.S. Money reserve says yes. His one reason is, most people do not care about the penny anymore. Most people toss the penny to the ground when they have them. The other reason is that is costs more to make the penny that the penny is worth. However, the same can be said for the nickel as well. He also said that they can make the nickel more profitable or close to profitable. In his page, the penny is lost beyond all hope. In fact, the penny is no longer made of 100 % copper. It is made of 97.5 percent zinc.

Philip believes that companies will round down their prices if the penny was eliminated and does not feel may would be affected by this. He also believes that competition in the market place will discipline companies not to increase prices. When questioned during his interview on CNBC Squawk Box about companies such as McDonald’s raising their prices by one penny, he felt that companies would be possible for companies to round down their prices. Why would you irritate a customer over a penny?

He feels eliminating the penny does not create a new situation because companies could raise their prices regardless if the penny stays or goes. Philip Diehl says that eliminating the penny would reduce the budget by 105 million dollars, but the interviewer says that seems * * * * *in the grand scheme of things. When asked who was on the other side of the argument, who was all for keeping the penny.

Diehl did not give a direct answer immediately. He simply states that the coin blanks are outsourced and the mint only stamps the coins, bags them, and sends them to Federal Reserve. He did mention the zinc lobby and zinc industry are primarily interested in keeping the penny alive. Additionally the Illinois Congressional Delegation protects it because it is the seat of the American coinage with Abraham Lincoln. So the question remains, is the penny on its way out, not right now.


Slyce’s Year End Report and Business Updates

Mobile purchasing is gradually taking a huge toll and is expected to make a huge transformation in the business environment in the years to come. One particular company based in Toronto, ON, Slyce Inc. is a image recognition service provider that enables users to have a better shopping experience. The firm released its latest report capturing financial transaction, introduction of new technological solutions and deals that were closed in the year ended 2015.


On august 12, 2015, the company got into a partnership with one of the largest growing footwear retailer called SHOES.COM. The same month also saw the deployment of Slyce’s visual search technology to all product lines. In addition to that, Slyce Inc consented to specialty retailer christened urban outfitters to utilize their technology for mobile commerce.

Technological achievements

The company’s product development mainly delved into adding quality to the existing technologies. On October 5, 2015, the universal scanner was launched. This enables an automated recognition of objects including catalogues, flyers and in-store signage. It is embedded in the retailer’s apps and supports both android and iOS.

On November 25, 2015, Slyce link was launched. Slyce is a visual product recommendation and image recognition system that increases shopping interactions thus escalating sales. It is delivered in form of JavaScript and native SDKs for android and iOS. The system ensures reliable data consistency between search results and the product catalogue.

There was also an inception of a full 3D object recognition solution. This operates by detecting products in varied categories from the retailer catalogues. The technology is mainly structured for locating fashion, home décor and electric appliances.

Financial highlights

This indicated an increase of 1784% since that of 2014 totaled only $89,803. The total value of recurring revenue also increased to $408,595 beati8ng the one recorded in the year ended October 31, 2014.

As for the operating expenses, at total of $11,639,430 was recorded in the year ended 31 October 2015, as compared to the $6,900,310 that was realized in the previous year. This increase can be justified by the expansion in operations due to new acquisitions and marketing initiatives.

Comment from the CEO

Mark Elfenbein reiterated that the growing retailer interest in visual product search reinforced confidence in the company’s growth potential. Exclusive products are set to be released in the coming years.