Social Pro Daily

The Rich Get Richer: Facebook CEO Mark Zuckerberg Refinances Mortgage At Great Rate

Facebook Co-Founder and CEO Mark Zuckerberg is pretty smart when it comes to real estate, as well, refinancing the mortgage on his home in Palo Alto, Calif., with a 30-year adjustable-rate loan starting at 1.05 percent, according to reports.

DavidCohen
By David Cohen

Facebook Co-Founder and CEO Mark Zuckerberg is pretty smart when it comes to real estate, as well, refinancing the mortgage on his home in Palo Alto, Calif., with a 30-year adjustable-rate loan starting at 1.05 percent, according to reports.

Bloomberg reported the refinancing of the property, which Redfin described as a five-bedroom, five-and-one-half bath house, built in 1903, on a 9,011-square-foot lot, ensconced behind a gated drive.

Redfin added that homes in the 94301 ZIP code sold for a median $1.875

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DavidCohen

David Cohen

David Cohen is editor of Adweek's Social Pro Daily.

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