Todd Lubar ventured in the real estate industry in 1995. Since he was a kid, Lubar was passionate about the real estate business. He desired to start a company that provides affordable housing solutions to people. His first job was as an agent for Crestar Mortgage Corporation. At this company, he learned about mortgages and interacted with several professionals in the mortgage industry.
Lubar also worked as a broker for the Legacy Financial Group from 1999 to 2002. As a broker, he assisted people to acquire housing loans. The skills that he amassed from Crestar Mortgage Corporation and Legacy Financial Group enabled him to start his company called Legendary Properties, LLC.
Details on Legendary Properties, LLC
Legendary Properties LLC specializes in buying, rebuilding, and selling houses. Since it was founded, the company has helped clients to procure and sell more than two hundred houses. As Legendary Properties LLC was gaining trust from its customers in the real estate sector, Lubar networked with other real estate and mortgage corporations. His association with these corporations enabled his company to secure $20 million in financing. The funds were used to open new satellite offices and acquire housing units.
Legendary Properties LLC was founded as a subsidiary of Legendary Properties, LLC. This company solely focused on providing individuals and companies with housing loans. Lubar founded the company to serve individuals and companies who could not acquire loans from other mortgage corporations. He used the liquidity of Legendary Properties, LLC as well as his cash to disburse these loans.
In 2003, Lubar founded Charter Funding. This company was registered as a branch of First Magnus Financial Corporation. This move allowed the firm to outsource funds from an established financial institution. First Magnus Financial Corporation is among the top privately operated mortgage companies in the US.
Lubar has also ventured into other businesses besides mortgage banking and real estates. He took advantage of the period when the mortgage sector experienced a shortage in the number of loan acquisitions and invested in other businesses. For instance, in 2007, he invested in the commercial demolition and scrap metal recycling sectors.