£36 million mortgage for Tiger Woods

World famous golfer Tiger Woods has reportedly taken out a mortgage worth £36 million for his Florida mansion home, according to a report in The Telegraph.

Just days following the sports star’s divorce from Elin Nordegren, legal documents were filed showing that Tiger Woods has said the loan will be repaid by 2016. According to celebrity website TMZ.com, the documents show that the Florida mansion contains a fitness centre, a tennis court, a number of swimming pools and an oxygen therapy room within its 12 acre grounds. The property is situated on Florida’s most expensive residential area, Jupiter Island, where neighbours include Celine Dion and fellow golfer Greg Norman.

Woods and Elin were divorced on 22nd August in a courthouse in Panama City and the documents were filed on 27th August listing Woods as a ‘single man’.

Reports say that Woods intends to move into the property where construction work is still ongoing and should be completed in spring next year.

The famous golf star is reported to be worth more than £300 million and the documentation of the £36 million mortgage gives a somewhat rare glimpse into his finances. He is said to have purchased the 12 acres of Jupiter Island for under £30 million, through a combination of deals with a number of companies throughout 2006 and 2007. Construction of the 10,000 square foot property has been taking place over the last 18 months, and in the meantime, Woods is reportedly living in a luxury New York apartment.



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