Harpoon Capital for South Carolina 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.
South Carolina context
South Carolina low property tax. Charleston and Myrtle Beach STR active. Strong investor-friendly state.
How Harpoon Capital positions in South Carolina
The South Carolina lender pool for DSCR includes Harpoon Capital among the active platforms. South Carolina top metros (Charleston, Columbia, Greenville) see meaningful Harpoon Capital loan volume.
City-level coverage in South Carolina
Harpoon Capital provides DSCR coverage across South Carolina metros including Charleston, Columbia, and Greenville. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Harpoon Capital program terms apply uniformly across South Carolina 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 |
| South Carolina property tax | 0.6% |
| South Carolina state income tax | 6.5% |
Harpoon Capital strengths in South Carolina
- 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 South Carolina coverage. Harpoon Capital is based in an undisclosed location and operates in states not publicly disclosed.
Charleston is the top investor market in South Carolina and is generally within Harpoon Capital states not publicly disclosed footprint. Charleston property tax follows the South Carolina state rate of 0.6 percent. Harpoon Capital typically underwrites Charleston acquisitions at standard rate sheets.
Yes. Columbia ranks among the larger South Carolina investor metros and sees consistent DSCR loan volume from Harpoon Capital. Submarket variation within Columbia matters for property selection.
Harpoon Capital applies the same rate sheet across South Carolina metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Charleston, Columbia, and Greenville 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.
South Carolina low property tax. Charleston and Myrtle Beach STR active. Strong investor-friendly state. Harpoon Capital follows standard business-purpose loan structures.
Harpoon Capital funds rental DSCR in South Carolina.
South Carolina 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 South Carolina 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.