Marriage of Hanna CA1/1

I. BACKGROUND

A. The Genentech Loan In 2006, Ashraf began working at Genentech; Iris and Ashraf and their children moved from Texas to California. At the time of the trial court hearing in November

1 “For clarity, ‘we refer to the parties by their first names, as a convenience to the reader. We do not intend this informality to reflect a lack of respect.’ ” (In re Marriage of Facter (2013) 212 Cal.App.4th 967, 970, fn. 1.)

1 2011, Ashraf was the head of Genentech’s North American commercial finance group, supervising 70 employees. Iris was working full-time as a pediatrician. As a form of relocation assistance, Genentech extended a $1 million residential loan (the Genentech loan). The promissory note and related documents identify Ashraf as the “Borrower.” Iris also signed the documents, stating that, as the “spouse of Borrower,” she approved and agreed to be bound by the loan terms, and agreed any community property or other interest she might have in the parties’ residence would be bound by the loan terms. The promissory note, dated June 13, 2006, specifies Ashraf will pay Genentech $1 million, plus interest, subject to certain terms and conditions. The note is secured…