Tiger Woods’ ex-wife, Elin Nordegren, stands to pick up a hefty amount of coin from her divorce from the golfer.
According to mortgage documents obtained by Access Hollywood, Elin could be getting $54.5 million in either cash over the next five years, or in the form of Tiger’s property. The documents show that just last week, Tiger took out a $54.5 million mortgage on his sprawling Jupiter Island waterfront property in Florida, which he already owns.
According to terms of the mortgage, Tiger has to make payments to an entity registered by one of Elin’s six divorce attorneys.
According to famed celebrity divorce attorney Raoul Felder, this is likely a guarantee that Elin is paid her portion of the divorce settlement.
“The first thing it tells us is the settlement had to be much bigger because this represents a part of the settlement that’s gonna be paid out,” Raoul told Access. “The situation with this alleged, quote, loan is bizarre and Byzantine, one gets the feeling something else is missing… any girl in her right mind doesn’t want money that’s gonna be petered out over a period of years. She’ll say something like, ‘OK I want most of the money now, and then I’ll let you pay out the rest under the appropriate guarantees.’”
If for some reason Tiger cannot or does not make the payments in full by January 2016, Tiger’s three-parcel real estate spread and the mansion could go to Elin.
Despite multiple attempts to reach them, reps for Tiger and Elin have not yet commented to Access.