The Passive Income MD Podcast #291 Private Lending: The Billion Dollar Opportunity Banks Left Behind
Nov 24, 2025
In this engaging discussion, Eric Goodman, Managing Partner of Goodman Capital and an expert in real estate-backed private credit, explores the billion-dollar opportunities emerging from recent banking crises. He explains how the market gap has led high-net-worth borrowers to private lenders and the nuances of private credit. Listeners learn about due diligence for investors and the critical factors driving private lending success today. Eric offers advice on sustainable returns and highlights the advantages of private credit for diversified income.
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Private Credit Defined And Focused Niche
- Private credit covers all non-bank lending and includes many specialties like venture debt and business lending.
- Goodman Capital focuses on real-estate-backed private lending, a small but critical segment of private credit.
March 2023 Changed The Market
- The March 2023 banking crisis removed major regional banks like Signature and First Republic from the Northeast lending market.
- That gap pushed high-net-worth borrowers toward private lenders who now fill a multi-billion dollar shortfall.
Target Low LTV Class A Borrowers
- Goodman Capital pivots to lend to high-quality borrowers displaced from private banks at moderate rates.
- They target low loan-to-value, Class A collateral to deliver double-digit returns with lower principal risk.