Todd Lubar is a businessman and entrepreneur, currently based in Bethesda, Maryland. Todd is the president of TDL Global Ventures, LLC. Todd is considered one of the top mortgage originators in the country. Todd graduated with a B.A. in speech communication from Syracuse University in 1995. His first job was with the Crestar Mortgage Cooperation; He then joined Legacy Financial Group to grow their Maryland office. In 2005, he became Senior Vice President of Charter Funding until 2007.
Given his insight to the market over the span of a decade, Lubar assessed which clients remained underserved, reveals Ideamensch. In response, he founded Legendary Financial LLC, a commercial lending source for individuals and companies, which is an affiliate of Legendary Properties LLC. Legendary Financial helps provide loans to borrowers that are usually excluded by traditional lending firms.
Through his in-depth experience conducting and overseeing a large number of lending transactions, Todd developed a keen ability to assess the risks of loan scenarios and make informed decisions on lending. When the mortgage market was changing in 2007-2008, Todd became involved in other industries, such as commercial demolition, scrap metal recycling, and real estate development.
According to Todd Lubar, Baltimore is on its way to become an emerging real estate market. The Charm City still maintains its appeal to young professionals. Even with a change of demographics, Baltimore faces an increased demand for apartment options, resulting in real estate developers refurbishing older buildings into hip accommodation for the city’s young professionals. The city’s focus on public transportation improvements will continue to make it an appealing living option and grow its metro area further.
Todd also notes that Baltimore’s business community is blossoming, in response to several initiatives to enhance the environment for businesses of all sizes. Baltimore maintains a reputation of being supportive to startups.
Interestingly, Todd notes that these developments do not necessarily mean that the cost of living in Baltimore will rise. The city will continue to be affordable. However, with the changing demographics, real estate developers will need to cater to different needs, and include amenities and services that residents did not have access to in the past. This includes access to shopping and restaurants options, which will probably emerge along with new housing developments. However, it is expected that the city will still have several affordable housing options. Read more about Todd Lubar and the real estate trend on hackronym.com.