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Tiger Woods Takes Out $54.5 Million Mortgage For New Mega-Mansion

Written by NewsOne Staff on September 1, 2010 12:13 pm

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Hot on the heels of his highly public divorce, Tiger Woods reportedly took out a $54.5 million dollar mortgage for his new Florida mansion.
The troubled golfer filed the legal docs for the massive mortgage earlier this week, according to TMZ.com, and reportedly listed himself as a “single man”.

The home, located on the exclusive Jupiter Island, will reportedly have a tennis court, oxygen therapy room, many pools and a fitness center. The loan should be repaid by 2016, reports the site.

Click here to read more at NYDailyNews.com

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RELATED:

Tiger Woods’ Divorce Finalized

Tiger Will Never Recover From This Scandal

Tags: Black Athletes, Golf, Tiger Woods
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  • http://www.blackplanet.com/Sub-Negro/ Sub-Negro

    Ok time the fuk out! YTF si he getting a mortgage? Why not buy the hosue outright? So,ebody please school me on this sh1t?

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  • http://www.blackplanet.com/YourDaddy123/ YourDaddy123

    He takes out a mortgage because the interest on the loan will result in a massive tax writeoff. With Tiger earning 75-100m a year he needs all the tax shelters he can find.

  • http://www.blackplanet.com/Willy_Brown/ Willy_Brown

    I was about to ask the same question but I guesss in a way it’s been answered

  • http://www.blackplanet.com/sooooodamsexy/ sooooodamsexy

    you need a mortgage?? why not be mortgage free dummy!! oh his wife she got all his money!! shes mortgage free good girl!! lol

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  • http://www.blackplanet.com/acallender1/ acallender1

    BOTTOMLINE: Fucc Tiger Woods!!! He don’t even considered himself a Black Man, so why Black People should EVEN COMMENT on him!!! Tiger is a Disgrace and a Waste!!!

    FINAL NOTE: Black Planet should not print nomore shyt on this GOOFY AZZ CLOWN!!! that don’t even know what is OH!!! that’s right a caublAZZian-more like a AZZ to me that hate is own race-a Black Man. His Daddy EARL is Black and his older brothers and sisters is BLACK.
    BP: Tiger is Very Irrelevant to the BLACK AGENDA…STOP THE FOOLISHNESS PLEAZE!!!

    ORDER OF MA’AT

  • http://www.blackplanet.com/lovelyldylv6/ lovelyldylv6

    Yawning!!!!! Blacks don’t care about Tiger Woods. So why keep posting news about him he’s boring.

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  • http://www.blackplanet.com/Toni_Anthony/ Toni_Anthony

    He’ll NEED plenty of room to accommodate multiple Chalked Faced Ho’s & I’m sure he’ll be a real live millionaire trick off! I can see the ho’s planning to OUT HO’ EACH OTHER, “to the left & to the right,” RIGHT NOW!!!

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  • http://www.blackplanet.com/jazzwatch/ jazzwatch

    If I had that money, i would.just buy the house outright like Oprah…..yet i won’t be a phoney tooty froot like her or be like Sabre tooth Tigre and have B-U-T-T-A-F-A-C-E-S up in there-nuh unnnnn……

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  • http://www.blackplanet.com/sgilmer45/ sgilmer45

    Now what, am I supposed to be impressed because he’s been fortunate enough to wave money around? He ignores his own history. He ignores his black lineage and actually hates himself. The Original man who paved the way for ALL OTHER RACES to be here on the planet with their recessive genes. If he could turn himself so-called WHITE by snapping his fingers, I would BET the freakin’ house, he’d do it in a heartbeat without hesitation. Dispicable to wanna be something other than your self. I’m proud to be a so-called black man. Therefore, in my book, he is an enigma and a social deviate on the highest level . Someone lost in the sauce of the Great White Way and that ignominious propaganda that floats through the air white as snow. Long live the Stupendous lineage of, NAT, MALCOLM, JOHN CLARKE, DR. BEN, HANNIBAL, VESEY, DAVID WALKER, TRUTH and SOOOOOOOOOOO many other great brothers and sistas who stood up in the face of the GREAT WHITE WAY as they fought hard for our freedom and black salvation and said SCREW YOU BOSS!!!! Tiger is a PUNK when it comes to dealing with self. Plain and simple.

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  • http://www.blackplanet.com/killasweet82/ killasweet82

    why would a man with soo much money take out a mortgage on a house?

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  • http://www.blackplanet.com/Queens11434NY/ Queens11434NY

    I like that statement …”the hoes will outhoe each other!” That was a good one. And one of them will get pregnant this time!

  • http://www.blackplanet.com/persona/ persona

    i would get lost in that house. Invite me over tiger.

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  • http://www.blackplanet.com/Kashi101/ Kashi101

    54.5 mil? for a house? that ngga just keeps seeping out of him doesn’t it?

    “the hoes will outhoe each other!” LOVE it!

  • http://www.blackplanet.com/panamaniak/ panamaniak

    LMAO! That better keep that in his pocket because ol girl doesn’t take checks! Lol!!!

  • http://www.blackplanet.com/SenorCafeDa2nd/ SenorCafeDa2nd

    Why drop a 54 million dollar load of cash when you can get a mortgage and pay it off gradually.

    I’m sure its not a regular 30 year mortgage that the average mofo get, its problably 10 or 15 year, and in this housing market that 54 million is something that would have cost 100+ million a few years ago.

  • http://www.blackplanet.com/odoggz/ odoggz

    Yeah, I don’t get that one either. Maybe he doesn’t want to appear like a rich guy who can just buy a new house (for himself), wherever he wants, despite the amount of money he now owes to the ex-wife. If you buy a house that is in the ballpark of the amount of money as your divorce, you might get looked at as an insensitive jerk (not that it would help this guy). If you make it look like you’re hurting, and therefore have to take out a mortgage like the rest of us, it’s a better PR spin?

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  • http://www.blackplanet.com/godihatebs/ godihatebs

    Very few so called rich people own their house out right. With him spending 55 mil. is like us spending 40k on a home. Keep things in perspective folks, he has made over 1 billion.

  • http://www.blackplanet.com/Mzsctr49/ Mzsctr49

    Tiger…if you anin’t FRONTIN’…le’ me’ come stAy wit YOU! “i’ll be Out on the East-Wing…outta’ YO’ way…sshh…Promise….

  • http://www.blackplanet.com/ARTist_at_HeART/ ARTist_at_HeART

    54mil to be paid off in six years, yea that sounds about right. Tiger cleared 100mil a year with just his endorsements (Nike, Gatorade, Electronic Arts, TAG Heuer, Accenture and Gillette). Ans lets not forget to mention what he made from actually playing golf. Unlike the other athletes who F* up, he is still in business with these companies, especially Nike. Once all this officially blows over, the commercials will be aired once again. 54mill isn’t much when you still have 500mill to your name after a wallet hitting divorce. As long as he keeps paying his taxes and taking care of his children he will be okay.

  • http://www.blackplanet.com/hersey1/ hersey1

    yourdaddy123 thank you for explaining that 2 people who seems to think its dumb to get a mortage if you have the cash money….he may pretty stupid when it comes to these b***hes but his money management skills on point….(or he has the sense to hire a good accountant)

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