The real estate crisis was quite evident in the Baltimore area. But the industry is now showing signs of a comeback. In fact, Maryland has changed a few regulations after this real estate crisis. The new and modified rules for real estate are consumer friendly. This has made foreclosures slower in this state as compared to the other states.
In 1995 Todd Lubar started with his career in the real estate sector. He earned his graduation degree from the Syracuse University. This was in communication.
He has always been fascinated with all aspects of this industry. He had started his career as a loan originator. He was serving at that time with Crestar Mortgage Corporation. He learned all about mortgage banking and became an expert in it.
In 1999, he accepted equity position. He was serving with the Legacy Financial Group. This allowed him to expand his learning base about lending knowledge. This skillset allowed Todd Lubar to do brokerage of loans. He was doing it for outside investors as well as lending like the way a mortgage bank does.
Todd Lubar started with Legendary Properties, LLC. after a few years. This is focused on residential development. The firm looks into purchasing, rehabilitating, as well as selling of residences. It was for houses meant for single families and going up to 20 unit structures for multiple families.
As Todd Lubar opened his firm, he also formed relationships with all those who were involved in various aspects of any building process. This enabled him to produce good quality products promptly. Next, he opened Charter Funding, a subsidiary of the First Magnus Financial Corporation. He was able to grow the business still more this way.
Todd Lubar has spent over 12 years in this real estate industry. He is aware of the existence of a group that comprises of underserved clients. Hence he decided to establish Legendary Financial, LLC. This is an affiliate of his company, Legendary Properties. This financial division is lending to individuals as well as companies. These are mainly those who tend to be ignored by other traditional lending alternatives. He has already been involved in over 7,000 real estate transactions and able to make right assessments. More details can be found on his Crunchbase profile.
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