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Woods Takes Out Mortgage

Tiger Woods has taken out a $54.5 million mortgage on his Florida waterfront estate

September 2, 2010

JUPITER ISLAND, Fla. (AP) -- 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 declined comment Thursday.

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

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