« BACK TO TMZ TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

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

No Avatar
61.

dylansmom    

Sports stars and Hollywood celebs are all overpaid, and yes a lot of them do give to charity, but it's ridiculous what their salaries are. Millions for one movie, Millions for 3 years of football/baseball. Jealous? Sure I am! But I know if I had that kind of money, I would not build a $54 million dollar home with multiple pools. Too much money is the reason all of this happened to Tiger in the first place. It's sad.

1422 days ago
62.

brian    

Wouldn't a monthly payment on a mortgage like this for 5 years be about $800,000? He is only earning between $40,000 and $150,000 per tournament right no and his endorsements "WILL" drop him if he does not win! GUARANTEED!

1422 days ago
63.

peak bagger    

$54million is a ton of money for all of us but for tiger its change. Think about it, hes repaying the loan in 5 years so hes essentially spending about 11 mil per year which is nothing compared to his yearly income. Factor in favorable interest rates and the ror hes getting on the hundreds of millions hes made being invested and I bet it washes out the extra interest hes paying. Even if hes paying 7 or 8% which im sure he isnt his investements are most likely giving him greater returns which makes keeping his cash the better move. Im sure tiger has the best money managers in the biz, if paying cash was a better option he would have done it. No matter how many trashy sluts he bangs ( which by the way everyone reading this wishes they could do)he will still and always earn millions of dollars, hes not running out of money in our life time

1422 days ago
64.

kr07    

Damn it must be good to have money

1422 days ago
65.

Oat    

Tiger will get over the wife, and when he does, he'll be even better than before. He made mistakes like so many of us have. There are NO saints here! Unless your name is Jesus Christ, please, go get a life. Most of you sound as if you're still trying to get over someone who doesn't love you anymore. He shouldn't have married the chick in the first place, but oh well, he paid the price, now let the man live...

1422 days ago
66.

lisa    

your telling me he cant pay 55million dollars to have a house built y do he need a loan he need to stop listening to his accountant he needs to own property out right with his dumb ass self

1422 days ago
67.

Get a Nose Job, please!!!    

I can't stand to watch Tiger play golf anymore. What a JERK !!!
Did he think he could have all those whores forever??? There is a new crop of young golfers coming up and they are not intimidated by Nasty, Surly, Arrogant, S***bag Tiger.

1421 days ago
68.

wackyjacky    

that dont make no sense =================================


http://www.youtube.com/watch?v=BwMNpDVfKW8

1421 days ago
69.

Erica    

#13 "Ambulance..." I agree. Sports "stars" are grossly over-paid, over-valued, and worshipped unnecessarily. What I want to know is of what USE are they to society in general?? They make a buncle of money and then run around like dogs in heat.

Bet Eldrick's mansion will be the next Playboy Mansion, east coast style. He's hooked on whores.

1421 days ago
70.

Nanci    

God I only have 54 cents !!!

1421 days ago
71.

Poz Major    

Yeah you only live once, Hey Leave Tiger alone... If you people lived his life you wouldn't be setting around spewing hate out your keyboards... You would be getting all these hoes out here unless you homo...

1421 days ago
72.

uran     

**** all you tiger haters best golfer ever say what you want cant stop him wont stop him the record is his and none of these other cats will never reach that record he will get another blonde thats easy dime a dozen.

1421 days ago
73.

needle    

FINI !

1421 days ago
74.

dusen    

Earl told him to get as many white trophies as golf trophies. Like father, like son.

1421 days ago
75.

Joel Saint Jean    

I can understand when you pay dowry to get a woman,you have to pay so much to divorce her because she's not virgin anymore.There is misanthropy in divorce law.

1421 days ago
Previous 15 Comments | 2 | 3 | 4 | 5 | 6 | 7 | 8 | Most Recent | Next 15 Comments

Around The Web