Steve Witkoff: “The first building that Larry and I bought was 164 Sherman…”

“How does that transition actually work? Well, I think I was a little ahead of myself as I thought. I want to be one of those guys. You know, we. The first building that Larry and I bought was 164 Sherman Avenue. We paid 180,000 for it. and we bought it with a hundred, if I recall correctly, $165,000 Freddie Mac mortgage. And we put up like $20,000 in cash and we thought we knew what we were doing.” (15:07–15:14)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.