September 02, 2010 10:16 AM
The housing market in the United States may still be in the tank, but that hasn't stopped Tiger Woods from taking out a hefty sum for his newest residence.
Just days after he finalized his divorce with ex-wife Elin Nordegren, Woods took out a $54.5 million mortgage for the mega-mansion he's building on Florida's exclusive Jupiter Island, according to TMZ.com.
Tiger has agreed to pay the loan back by January 15, 2016.
Legal documents filed in Martin County and obtained by TMZ.com indicate that Tiger's property will span across three parcels of land. The mansion will also include a tennis court, oxygen therapy room, multiple pools and a state-of-the-art fitness center.
Read more: http://allisonkennedy.blogspot.com/2010/09/tiger-woods-what-recession.html#ixzz0yNj5imLM