Woods Takes Out $54M Mortgage on Fla. Estate

By: Associated Press
By: Associated Press
Fresh off his divorce, Tiger Woods has taken out a $54.5 million mortgage on his Florida waterfront estate.

Tiger Woods pauses during a press conference after playing in the JP McManus Invitational Pro-Am at Adare Manor, Limerick, Ireland, Tuesday, July, 6, 2010. (AP Photo/Peter Morrison)

Fresh off his divorce, Tiger Woods has taken out a $54.5 million mortgage on his Florida waterfront estate.

Mortgage documents filed last month in Martin County show Woods
will make payments to an entity called JRD Florida Ventures LLC.
That is a Virginia company whose registered agent is an attorney
with the firm that represented Woods' ex-wife, Elin Nordegren, in
their divorce.

No details of the divorce settlement have been made public. The
documents say Woods will pay the mortgage in full by January 2016.

The mortgage's existence was previously reported by several
media outlets. Attorneys for Woods and his ex-wife did not
immediately respond to e-mail messages Thursday seeking comment.

Woods and Nordegren divorced Aug. 23, the mortgage papers were
dated Aug. 25.


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