Harpoon Capital for New Jersey 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.
New Jersey context
New Jersey property tax highest in nation. DSCR economics tight.
How Harpoon Capital positions in New Jersey
Within New Jersey, Harpoon Capital competes alongside other DSCR lenders. Harpoon Capital strengths: No minimum DSCR requirement — approves deals below 0.75, Loan sizes from $50,000 to $3,500,000. The low aggregate DSCR economics of New Jersey create demand for Harpoon Capital programs in Newark and Jersey City particularly.
City-level coverage in New Jersey
Harpoon Capital provides DSCR coverage across New Jersey metros including Newark, Jersey City, and Atlantic City. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Harpoon Capital program terms apply uniformly across New Jersey 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 |
| New Jersey property tax | 2.5% |
| New Jersey state income tax | 10.75% |
Harpoon Capital strengths in New Jersey
- 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 New Jersey coverage. Harpoon Capital is based in an undisclosed location and operates in states not publicly disclosed.
Newark is the top investor market in New Jersey and is generally within Harpoon Capital states not publicly disclosed footprint. Newark property tax follows the New Jersey state rate of 2.5 percent. Harpoon Capital typically underwrites Newark acquisitions at standard rate sheets.
Yes. Jersey City ranks among the larger New Jersey investor metros and sees consistent DSCR loan volume from Harpoon Capital. Submarket variation within Jersey City matters for property selection.
Harpoon Capital applies the same rate sheet across New Jersey metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Newark, Jersey City, and Atlantic City 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.
New Jersey property tax highest in nation. DSCR economics tight. Harpoon Capital follows standard business-purpose loan structures.
Harpoon Capital funds rental DSCR in New Jersey.
New Jersey allows standard DSCR prepay structures; Harpoon Capital typically uses 3-5 year step down.
Harpoon Capital typical close: Not publicly published.
Bottom line
Harpoon Capital in New Jersey works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Harpoon Capital.