Tiger Woods Takes Out $54 million Mortgage For New Mansion – Fresh out of his official divorce with Elin, Tiger Woods takes out a $54 million mortgage to buy himself a brand new mansion. Man, this man has so much money it is ridiculous!

Woods is apparently building a new mansion on Jupiter Island, Fl., and he will be paying the loan off by January 2016. The documentation actually became available to the public and you can read it here if you would like.

If you take a look at the documentation of the loan, this basically consolidates three properties on Jupiter Island. Also, since he is officially a single man, that is what he listed as well. He also signed his name “Eldrick” and not “Tiger.”

Other things that are somewhat fascinating within the documentation includes the standard interest rates in which Tiger would be paying somewhere around $1 million a month in mortgage payments to pay it off by January 2016. Also, the law firm that represented his ex-wife Elin Nordegren, McGuireWoods, is listed as obtaining a copy.

Well, if you have the money to spend like Tiger does, then you can do this. He has full confidence in himself to play well from now to 2016 too. Plus, he needs a new place to call his bachelor pad!