> For example, one of the most senior executives at Goldman Sachs took out an $11.2 million mortgage with First Republic with no principal payments in the first 10 years and an interest rate below 3%, per Bloomberg.<p>This isn’t that odd as it depends on when this loan was given out. Regular schmoes were able to get 2.25% mortgages a year ago so giving a 3% interest only mortgage to rich people doesn’t seem that odd in the era of 0% interest.
Guess giving mark Zuckerberg a something like a 1.7% mortgage rate was a bad idea. Yeah first republic literally did that. Not sure how that would make any business sense, the execs should be subjected to massive claw backs.