US Real Estate Mogul Brandon Miller's Shocking Debt Revealed After Tragic Death
Brandon Miller, a wealthy real estate developer, had only $8,000 in his bank account despite owing $34 million in debt. His financial struggles were largely due to his lavish lifestyle and massive loans on his Hamptons mansion.
Brandon MillerReal EstateDebtHamptons MansionLuxury LifestyleReal EstateAug 31, 2024
Miller's financial woes were largely related to his extravagant lifestyle and the enormous $15.5 million Hamptons mansion, where he lived with his wife Candice and their children. The couple was known for flaunting their wealth on social media, but in reality, they were living far beyond their means.
According to a report by The Real Deal, Miller owed approximately $11.5 million, mostly from loans on his Hamptons mansion. There were four unpaid loans against the property, including $800,000 from Titan Capital, a lender that had previously sued Candice for failing to make mortgage payments. Miller also had loans from Stevens Financial Group and UBS, and owed the corporation an additional $2 million on the property.
The real estate developer had borrowed the largest amount of money from a bank in Chicago, an unsecured $11.3 million loan. He also had an additional $6.1 million on an unsecured loan from Donald Jaffe, who had provided funding for several projects undertaken by Miller and his father, Michael Miller. Jaffe had filed a lawsuit against Brandon Miller in 2019 due to the outstanding loan balance, but had not received his money yet.
Miller also owed over $300,000 to American Express and $266,000 to the Brooklyn-based Funding Club, a lender for loan advances. The family's financial struggles were so severe that they had to sell their Tribeca apartment for $9 million in 2021 and were living in an apartment on Manhattan's Upper East Side for $47,000 a month.
After Miller's death, his wife Candice listed their Hamptons house for sale, seeking a price of $15.5 million. She had reportedly planned to move to Miami with their children, saying she was
Frequently Asked Questions
How much debt did Brandon Miller owe at the time of his death?
$34 million
What was the main reason for Brandon Miller's financial struggles?
His extravagant lifestyle and massive loans on his Hamptons mansion
How much did Brandon Miller's wife Candice list their Hamptons house for sale for?
$15.5 million
Who did Brandon Miller borrow the largest amount of money from?
A bank in Chicago, an unsecured $11.3 million loan
What was the name of the lender that sued Candice for failing to make mortgage payments?
Titan Capital
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