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Tiger Woods -- The $54 Million Mortgage

9/1/2010 10:00 AM PDT BY TMZ STAFF

With the real estate market still in the crapper ... Tiger Woods recently took out a $54.5 million mortgage for the mega-mansion he's building on Florida's exclusive Jupiter Island.

Tiger Woods House

TMZ has obtained legal documents filed in Martin County on August 27 -- four days after Tiger finalized his divorce from Elin Nordegren -- in which he lists himself as a "single man" ... possibly for the first time since his marriage ended.

Tiger also agrees to pay back the gargantuan loan by January 15, 2016. So, it seems there's one group of people counting on Tiger to make a comeback -- his lenders.

According to the docs, Tiger's property spans across three parcels of land ... and as we've previously reported, the estate will include a tennis court, oxygen therapy room, multiple pools and a state-of-the-art fitness center.

For more sports stories, check out tmzsports.com!
110 COMMENTS

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31.

Tony    

Start putting nickels in you tip jar, in 2 years it will be on the market for 25 million.

1457 days ago
32.

Mel    

Cause everyone needs more than one pool right

1457 days ago
33.

Trisha Meeks    

Tiger reminds me of Wacko-Jacko and his Neverland Ranch. I wonder how long it will take him to buy the oxygen chamber casket to sleep in. This is not over yet folks...it's just all too bizarre!!

1457 days ago
34.

HarlotO'Hara    

What are the monthly payments on 54 million???

1457 days ago
35.

HarlotO'Hara    

Oh Tiger, what could have been. Now your reputaion is the crapper, your family is gone, and the legacy you leave is riddled with loose women and porno stars. Repsectable gals.

Now when I think of him all I think of this scandal and him being a hypocrite who gets paid wayyyyyyyyyyyyyyyy toooooooooo much money.

At least his father wasn't alive to watch you turn into a typical man with too much money and time away from home.

How proud he would be that you turned into a pimp. All that money and zero commonsense.

Posted at 6:52 AM on Sep 1, 2010 by lhartwell

He learned at his daddy's knee. His dad cheated on his mom and they were living apart when he died.

1457 days ago
36.

beachkid    

How does he plan on paying for it? His golf games has not been much to speak of.

1457 days ago
37.

Broeheem    

Director to Tiger Williams:

"OK, Tiger.... now just stand there, hold your thumbs together, glance around with an empty look, and tilt your head 20 degrees to the right...."

"Huh?"

"Just do it!"

*camera clicks*

"Beautiful, Tiger.... here's another billion".

"Whatevah".

1457 days ago
38.

Mari    

CAN'T STAND THIS SMUG SOB & KARMA WILL FIND HIM!

1457 days ago
39.

gimmeabreak    

"How did TMZ obtain private, confidential information?

Posted at 2:51 AM on Sep 1, 2010 by andrea"

Duh! They didn't. Mortgage do***ents are not confidential private do***ents. *rolls eyes*

When Mortgage do***ents are recorded at the county clerks office they become public records for anyone to view. You can go to the website of the Martin County Clerk's Office and view them online just like everyone else in the world who has internet access.

1457 days ago
40.

macca    

I live near Jupiter Island. The mega mansion is ugly... it looks like an office block and is out of character compared with other neighboring mansions.

Tiger tore down several homes and all the trees to build his new home. One of them was 10,000 sq feet. Imagine the environmental impact of all that building debris?

As for "exclusive".. not exactly. Anyone can live on the island if they can afford it.. there are no guarded gates or anything, unless Tiger provides his own for his property. He might not be welcomed into the country club, but he wouldn't want to play that course anyway... it's for duffers. There are fine courses off island.

1457 days ago
41.

Lewy    

"Woodie" will be shining shoes in the Miami airport before he turns 40.

1457 days ago
42.

solar panel    

If he had sex with more than 200 people then he likely paid off more than Rachel to keep quiet. Maybe yes maybe no. The remainder haven't been paid to keep quiet, so let's hear the stories! We've heard some rumors about various things and people can sell their stories to media for big bucks.

Where will the next deal go down for a hot "Tiger" story?

1457 days ago
43.

gimmeabreak    

"How did TMZ obtain private, confidential information?

Posted at 2:51 AM on Sep 1, 2010 by andrea"

Duh! They didn't. Mortgage do***ents are not confidential private do***ents. *rolls eyes*

When Mortgage do***ents are recorded at the county clerks office they become public records for anyone to view. You can go to the website of the Martin County Clerk's Office and view them online just like everyone else in the world who has internet access.

1457 days ago
44.

CN    

This is pathetic..OH hes a Buddist I forgot..HE worships a DEAD Fat Man who was really skinny, TRUE..So Because of his LOVE of Money HE will not get into HEAVEN Probably..TRY charity You ASSWHOLE..I have never watched him hit a little ball..The so called greatest golpher who ever lived gets to go to hell..OOPS sorry, IM no saint either..NO RESPECT from me lion I mean tiger..GET REAL and help somebody..HE Blew it 4 Good

1457 days ago
45.

pam    

Tiger's been building that thing for years. Of course now he will have to live there all by himself. The reason for the mortgage is simple...TAX ADVANTAGES. The interest you pay is deductible. Also, it doesn't make any sense to cash out investments that are probably earning way more than the mortgage will cost. Tiger could probably never earn another dime and he will still be one of the richest people on the planet. He probably made a million bucks in the time it took me to type this comment. He could pay hush money to whores from now till kingdom come and never feel the pinch in his wallet.

1457 days ago
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