Tiger Takes Out $52 Million Mortgage

9/01/2010 11:20 AM ET | Filed under: Tiger Woods

Dang!

Only days after his divorce from Elin, Tiger Woods took out a $54.5 million mortgage for the mansion he's building on Florida's exclusive Jupiter Island.

The property will extend through three parcels of land and the house will be equipped with a tennis court, oxygen therapy room, multiple pools and a state-of-the-art fitness center.

Tiger is expected to pay the loan back by January 15, 2016.

But he can afford it!!!

[Image via AP Images.]

Tags: elin nordegren, florida, mortgage

Novel1 says – reply to this

1

Make up your mind. Is it 52 or 54? How can you get something so wrong from headline to copy? Are you just a moron?
xcalibur says – reply to this

2

ISNT THE DUDE WORTH OVER 500 MIL?? WHY NEED A MORTGAGE??? PAY CASH. TIGER'S FUCKING BROKE. HOPE THE REAL ESTATE MKT CONTINUES TO TANK.
mikle29 says – reply to this

3

why does he need a mortgage?
Human Sushi Platter says – reply to this

4

He can afford it. What's the big deal?
Voice_de_Reason says – reply to this

5

No wonder the country's finances are so messed up… They hype these athletes salaries and payoffs so much everyone knows it's pure ca-ca. Before the fall they where saying Tiger was worth over a billion, now it's half a billion and he needs to take out a 50 million+ mortgage.
kitty9 says – reply to this

6

Ridiculous!!!! What does a house have that can cost that much? Let's hope he loses his swing, fucking asswipe!
MarioMonjack says – reply to this

7

ha ha looks like he really misses his wife
wakefield10 says – reply to this

8

why not just pay it? hes worth at least 10x that
Dollface8700 says – reply to this

9

Wow everyone here is a complete moron. Likely he is able to invest his money and make more off it than he would pay for the interest he would pay for the mortgage. Therefore, it is cheaper for him to take a mortgage.
token chick says – reply to this

10

weird he'd go that route, he's worth so much more….
Carmenlight says – reply to this

11

Ha, Ha , Ha, I just read that the mortgage holder is under the name of one of Elin Nordegren's divorce atty. So if Tiger defaults Elin gets the mansion!!!

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[Image via Kylie Jenner/Instagram.]