FLORIDA: Tiger takes out a $54 million mortgage to purchase Jupiter mansion

Fox News is reporting that new bachelor Tiger Woods has taken out a mortgage for $54 million to complete his Jupiter mansion that includes a state of the art gym and other fancy ameneties. Of course, other sources are saying that the money was taken out to pay ex wife Elin. Who knows what the truth is?
Just this week he also bought an apartment in downtown Manhattan. He seems on a mission to build up a stable of high end properties in his portfolio. That’s good. He shoud diversify his assets and real estate is always a good bet over the long run. I mean, I don’t know about the prudence of a $54M mortgage. I don’t think he has to spend that much on buying a place. But maybe this was really to pay Elin, in which case it makes sense.