Harpoon Capital for North Dakota 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.
North Dakota context
North Dakota steady DSCR. Oil/gas economy volatile.
How Harpoon Capital positions in North Dakota
North Dakota is well covered by national DSCR lenders, with Harpoon Capital as one option. Where Harpoon Capital differentiates: No minimum DSCR requirement — approves deals below 0.75. Where it competes: rates not publicly published against peer programs.
City-level coverage in North Dakota
Harpoon Capital provides DSCR coverage across North Dakota metros including Fargo, Bismarck, and North Dakota. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Harpoon Capital program terms apply uniformly across North Dakota 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 |
| North Dakota property tax | 1% |
| North Dakota state income tax | 2.9% |
Harpoon Capital strengths in North Dakota
- 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 North Dakota coverage. Harpoon Capital is based in an undisclosed location and operates in states not publicly disclosed.
Fargo is the top investor market in North Dakota and is generally within Harpoon Capital states not publicly disclosed footprint. Fargo property tax follows the North Dakota state rate of 1 percent. Harpoon Capital typically underwrites Fargo acquisitions at standard rate sheets.
Yes. Bismarck ranks among the larger North Dakota investor metros and sees consistent DSCR loan volume from Harpoon Capital. Submarket variation within Bismarck matters for property selection.
Harpoon Capital applies the same rate sheet across North Dakota metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Fargo, Bismarck, and North Dakota 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.
North Dakota steady DSCR. Oil/gas economy volatile. Harpoon Capital follows standard business-purpose loan structures.
Harpoon Capital funds rental DSCR in North Dakota.
North Dakota 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 North Dakota 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.