Harpoon Capital for Mississippi investors
Harpoon Capital is a broker-only private money lender with no stated minimum DSCR — it will consider deals below 0.75 DSCR. Minimum credit score is 620, with loan sizes from $50,000 to $3,500,000 and maximum 85% LTV. The company does not publish rate or state-coverage figures in the sources reviewed.
Mississippi context
Mississippi deep cash flow market. Gulf Coast STR active.
How Harpoon Capital positions in Mississippi
The Mississippi lender pool for DSCR includes Harpoon Capital among the active platforms. Mississippi top metros (Jackson, Gulfport, Hattiesburg) see meaningful Harpoon Capital loan volume.
City-level coverage in Mississippi
Harpoon Capital provides DSCR coverage across Mississippi metros including Jackson, Gulfport, and Hattiesburg. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Harpoon Capital program terms apply uniformly across Mississippi metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | rental DSCR |
| Loan size | $50K - $3.5M |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | 85% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Mississippi property tax | 0.8% |
| Mississippi state income tax | 4.7% |
Harpoon Capital strengths in Mississippi
- No minimum DSCR requirement — approves deals below 0.75
- Loan sizes from $50,000 to $3,500,000
- 620 minimum credit score
- Broker-only origination
Ideal borrower: Investor with a cash-flow-negative property (DSCR below 0.75) seeking a broker-originated private money lender with no DSCR floor.
FAQ
Likely; verify direct Mississippi coverage. Harpoon Capital is based in an undisclosed location and operates in states not publicly disclosed.
Jackson is the top investor market in Mississippi and is generally within Harpoon Capital states not publicly disclosed footprint. Jackson property tax follows the Mississippi state rate of 0.8 percent. Harpoon Capital typically underwrites Jackson acquisitions at standard rate sheets.
Yes. Gulfport ranks among the larger Mississippi investor metros and sees consistent DSCR loan volume from Harpoon Capital. Submarket variation within Gulfport matters for property selection.
Harpoon Capital applies the same rate sheet across Mississippi metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Jackson, Gulfport, and Hattiesburg all qualify for the same Harpoon Capital program.
Harpoon Capital does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
Mississippi deep cash flow market. Gulf Coast STR active. Harpoon Capital follows standard business-purpose loan structures.
Harpoon Capital funds rental DSCR in Mississippi.
Mississippi allows standard DSCR prepay structures; Harpoon Capital typically uses 3-5 year step down.
Harpoon Capital typical close: Not publicly published.
Bottom line
Mississippi investors considering Harpoon Capital should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Harpoon Capital.