Tiger Woods Takes Out $54.5 Million Mortgage

September 1, 2010 No Comments »

tiger woods

At least someone can qualify for a mortgage out there…and a jumbo no less!

Famed (and shamed) professional golfer Tiger Woods has reportedly taken out a staggering $54.5 million mortgage for a “mega-mansion” he’s currently building on Florida’s Jupiter Island, per gossip blog TMZ.

According to documents obtained exclusively by TMZ, Woods plan to pay back the very-much-jumbo loan by January 15, 2016, much to the joy of his lenders.

The super mortgage will be used to finance his property spanning three parcels of land, which includes a practice golf course, tennis court, oxygen therapy room, several pools, and a state-of-the-art fitness room.

Tiger finalized his divorce with Elin Nordegren on August 27, listing himself as a “single man” in legal documents for the first time since his marriage ended.

TMZ also recently reported that a “shameless realtor” was trying to unload a $4 million home across the street from Tiger’s new digs by alluding to the fact that it would be a prime location to snap photos of the infamous golfer.

It might sound like a good deal if pictures of Jennifer Lopez’s first born go for a whopping $6 million.

But perhaps it’s just a sign of how desperate the housing market has gotten over the past few months.

(photo: keithallison)

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