US millionaire Brandon Miller dies $34 million in debt, with only $8K in bank
Brandon Miller, a prominent New York real estate developer, was well-known for showcasing a luxurious lifestyle alongside his wife, Candace, an influencer. On platforms like social media and their now-defunct lifestyle blog, 'Mama + Tata,' the couple presented themselves as living an enviable upper-crust life. However, recent revelations have shattered this facade, exposing that Miller was drowning in a hidden financial crisis, burdened by debts totaling nearly $34 million.
Unraveling the Debt
At the time of his death on July 3, Miller had just $8,000 in his bank account, a stark contrast to the image he projected. According to a report from The Real Deal, a significant portion of Miller’s debt stemmed from multiple mortgages on his Hamptons estate, located at 25 Cobb Isle Road in Water Mill. The property, which was listed for $15.5 million earlier this month, had four outstanding loans. One of the lenders, Titan Capital, had even sued Candace Miller over missed mortgage payments. Titan Capital held an $800,000 loan on the property and an additional $2 million debt. Other creditors included UBS and Stevens Financial Group, contributing to the $11.5 million mortgage debt on the estate.
Major Unsecured Loans
Miller’s financial woes extended beyond secured loans. He had a massive $11.3 million unsecured loan from a Chicago-based bank. Additionally, he owed $6.1 million to Donald Jaffe, a financier who had supported both Miller and his father, Michael Miller, in several real estate ventures. In 2019, Jaffe took legal action against Brandon Miller for the unpaid balance on the loan, but the debt remained unsettled.
