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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!

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Could the mortgage be a tax strategy? Tiger's marginal tax rate must be at the max and with mortgage interest being income tax deductible the effective interest rate after the tax benefit could be quite small perhaps reducing the rate in half or less.

Chart and diagram time Harvey!

1519 days ago



1518 days ago


Wow, that would feed an awful lot of children. And if he has to borrow it, he can't afford it.

1518 days ago


I agree sports are TOOOOO HIGH PAID and in the dire times that alot of people are experiencing, these over paid athletes should help. As should all the ultra rich and famous. Much of Hollywood has done just that already. Also does appear Tiger's mentality is in the crapper. He sure did sacrifice ALOT, including 2 beautiful children and a georgous wife, but there is that saying "What goes around comes around" We should always be looking out for the next guy because we may need help ourselves one day!

1518 days ago


Who cares. Nobody cares about this idiot anymore. He should be ashamed of himself. The only thing Tiger has going for himself is a second chance getting a new contract signed with this record label company out of New York. Something about them wanting to use Tiger Woods name with the Masters which would be linked to their Hip Hop record label company called got money records. Some founder of the company named Chris Mentillo is trying to stop the contract due to his name being embarrased in the public's eye. Obviously he is not the decision maker or owner of the record label company.

Screw them all. Tiger Woods doesn't deserve a second chance at all these obviously over priced contracts anyway. Good luck to all you money hungry grubs. And that rap label got money should also be ashamed of themselves. There is too much crap out there regarding too much money to get losers like Tiger to sign these stupid contracts. I'm sorry but now this Hip Hop guy named Jay Z and Hip Hop Singer and businessman NOX from Got Money records are now also signing conracts linking their names' to the New York Yankees. Hip Hop Stars???? Good grief, God please shoot me now. What is this world coming too?

1517 days ago


You know what they say ! when your erection is so big there
is not enough skin left to close your eyes you have to do something.
Right Tiger ?

1517 days ago


Idiots are not worth commenting on all I can say is wake up
AMERICA stop buying "Nike" products, the sooner his sponsor's
drop him and their contracts the sooner we can start enjoying watching golf again. They can justify dropping Woods he has
not lived up to his ***mittments.
I refuse to watch a golf program where he is involved.
What he did should not surpise anyone, you could see during
some of the interviews over the years that he was lacking in
mental ability.
Harvey N. Ackerman

1517 days ago

Shelby Stotman    

TIGER WOODS is no Jackie Robinson. Tiger is the product of
an Overly ambitous remote Father. Tiger is a Great Golfer period. Tiger should endorse Golf products or condoms.

We have made this mad a Poster Child for every product; he is a
Empty Man, who deserves neither crticism or praise beyond his Golfing prowess.

With people starving in Darfour, Tiger and Charles Barkley play
packman in their Mansions. They both and particulary Tiger

a Taker in Life.

Larry Stotman

1516 days ago


I am Not white and i can not believe what human being said of other human being, so much H A T E, do they believe in G O D?, i dont think so, just because we do not have the same skin color make you any BETTER?

1516 days ago


If Tiger tried to re-kindle his marriage but did not work , whats the man to do? spend all his money before it all gets taken away. most importantly don't lose track of your children.

1514 days ago


For sure, Tiger is not a saint. Just like any human, he is subject to all the faults and pitfalls that awaits everyone. He signed up to be a professional golfer and not as your moral standard for sainthood. To those who like to tear into him, I wonder if you would compare well against him. Anyone aware of all the good that he has done for the community? I don't have all the charitable organizations that he has helped on the top of my head. I wonder if anyone can do better? He may have been a bad husband but he is still a lot better than a lot of the "bums" who beat up on their wives, collect welfare, abandon their kids, do drugs and are criminally inclined. Could envy be the root of all the hate directed towards him? I would say so. I look at him as a great golfer. Possibly the best ever, I am sorry that he couldn't keep his family together because of his indiscretion but I won't hate him for it.

1512 days ago


What is it that makes you think he'll get the house? Let's see, 100 - 56 = 44....

1511 days ago


All you have to do is say bad things about Tiger on this site?
He must have a suit pending against TMZ, or you were told to back off.
Either way people are starving in this world for reasons beyond our control, and reasons in our control (you vote them in!)... NOT because Tiger Woods got divorced.
I will continue to repect a man WHO DOES IN FACT have an organization targeted specifically at helping the underpriveledged acquire an education and athletic training in hopes they will do the right thing after they complete.
To be so hostile to a man who made a mistake (his own) is to realize that you yourself are a human, and have lived his mistake. (may not be 100% likeness, but nonetheless if it appears wrong to you, than obviously it was learned through experience!). Elin is happy now, so what if she tried to commit suicide people do it all the time. She should be institutionalized to publicise information like that, some mother! j/p.
Seriously, TMZ move on, I like to hear about Tiger and Elin, but I like to hear the good stuff they do, or that they are doing, not this horse**** and comments you allow to be posted.
Good day, and yeah if you are a lawyer; (which I couldnt care less) (I am one too) you are not very good.
Enough said, now gossip about this! lol!

1509 days ago

Dylan Colissimo Sr.    

Tiger Wood is a Great Golfer.

His McMansion is sign of an Uncaring person who believes
Conspicous Consumption is Critical to Happiness.

Peole are starving in Africa and Woods lives large.

1503 days ago


I'd be happy with just one of the bathrooms in his house...it's probably 1000 sq. feet. My dogs and I could live comfortably in that!

1503 days ago
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