Todd Lubar gained an interest in the real estate commerce at a young age, but it wasn’t until he left his first job that he began his engagements in the niche. After graduating with an undergraduate degree in speech communication from the Syracuse University in 1995, he joined Crestar Mortgage Corporation to work as a loan originator. His position gave him access to extensive information on the operations of mortgage banking. After four years, Todd left to work for Legacy Financial Group in Arlington as an equity partner processing clients’ mortgages. Todd’s roles included brokering loans for investors and mortgage agents as a direct mortgage bank. He was responsible for the company’s growth in its Maryland office, which produced multiples of $100 million at an annual rate.
In an article on Hackronym, Todd Lubar took the independent route in 2002 when he set up Legendary Properties LLC, a residential development firm. The company specializes in the purchase, rehabilitation and resale of a wide variety of properties, including single family homes and multi-unit family structures. The business’s operations gave Todd a platform to network more in the real estate industry and build formidable relationships with important players in the property trade such as contractors, real estate agents, financial planners, CPAs, credit loaning banks and insurance agents. This new found acquaintances and friends helped Todd accelerate Legendary’s transaction by completing quality projects in a timely fashion. Todd managed to grow the firm’s annual income to $100 million in a short period.
In 2003, Todd launched Charter Funding, an affiliate of First Magnus Financial Incorporation to process more transactions in mortgage banking. After 12 years of operating in the property business, Todd realized that there were a lot of people who needed money to purchase homes or an office space. He created Legendary Financial LLC as a branch of Legendary Properties. The firm offered loans to clients who would not otherwise qualify using the traditional bank loaning system. He uses his experience in credit transactions to assess a borrower’s potential of returning the cash before handing out the money. Todd has processed more than 7000 real estate transactions and loans since the start of his career.
When the real estate industry began experiencing unpredictable shifts in 2007, Todd ventured into other industries as an entrepreneur. He set up a demolition firm and an automatic scrap metal recycling enterprise which operated for some years before closing. Todd is the present CEO of TDL Ventures and is a passionate family man who enjoys spending time with his family of three at their home in Bethesda, Maryland.