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  • The Mirror US

    Hamptons real estate developer Brandon Miller was drowning in $34 million debt when he died

    By Gina Martinez,

    17 hours ago

    High-profile real estate mogul Brandon Miller had almost $34 million in debt and just $8,000 left in his bank account when he killed himself , legal documents show.

    Miller, 43, and his influencer wife Candice, who appeared to be the idyllic, upper class couple were actually drowning in debt by the time he died by suicide on on July 3 at Stony Brook Southhampton Hospital, The Real Deal reported.

    About $11.5 million of the debt was tied to the multiple mortgages on his 4,300 square-foot Water Mill estate, which hit the market this month with an asking price of $15.5 million. Miller had four outstanding loans on the Hamptons property, according to legal documents.

    https://img.particlenews.com/image.php?url=2OcRU8_0vFX5Rtf00

    But Miller’s largest single outstanding debt was an unsecured $11.3 million loan from Chicago-based BMO Bank. He also owed an additional $6.1 million in unsecured debt from Donald Jaffe, who had funded him and his father, Michael Miller, on multiple projects.

    Jaffe sued Brandon Miller in 2019 for the unpaid balance on the loan, and is still trying recoup his money, The Real Deal reported. He also owed over $300,000 to American Express, $266,000 to cash advance lender Funding Club, and had outstanding loans from UBS and Stevens Financial Group.

    Miller succumbed to his injuries days after an attempt on his own life in the garage of his Hampton home. “A suicide note indicated he had killed himself while his wife and children were on vacation on Italy’s Amalfi Coast, according to a Suffolk County law enforcement official. He said Mr. Miller wrote that a business deal he had hoped would ease the family’s financial strain had collapsed," the New York Times reported.

    Now his wife Candice and their two young daughters are headed to Miami to start a new life, Page Six reported. “She’s over in New York,” an insider told Page Six. “She’s moving to Miami before school starts and has enrolled her kids in a Miami school.”

    Candice had built a successful social media brand, Mama + Tata, that flaunted her wealthy, fabulous mom lifestyle. The account featured her famous friends, including fitness guru Tracy Anderson, stylist Rachel Zoe and fellow fabulous influencer Arielle Charnas.

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