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Tiger Woods $54.5m Mortgage
Tiger Woods is moving, and he needs a hefty mortgage
for his new place.  The Florida water-front house was
financed for $54.5 million for only 5 years.  Below are
some of the highlights of what a mortgage of this size will
look like...

Monthly payment $985,360

Interest on first payment $147,600

Total interest paid in 5 years $4,621,610



Mortgage documents were filed last month in Martin
County Floriday.  Tiger 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.