Bloomberg News: Zuckerberg’s Loan Gives New Meaning to the 1%

Bloomberg News: Zuckerberg’s Loan Gives New Meaning to the 1%

Bloomberg News July 15, 2012

The Facebook IPO spiked home prices in Palo Alto, but prices settled after the “Facebook fizzle,” according to Ken DeLeon, a top real estate agent in the area. Mark Zuckerberg purchased a home in one of the most prestigious neighborhoods in Palo Alto, and refinanced a $5.95 million mortgage with a 30-year adjustable rate loan starting at 1.05 percent. 

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