Harpoon Capital for Virginia 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.
Virginia context
Virginia steady DSCR. Military presence supports demand (Norfolk, JBSA).
How Harpoon Capital positions in Virginia
Within Virginia, 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 medium aggregate DSCR economics of Virginia create demand for Harpoon Capital programs in Virginia Beach and Richmond particularly.
City-level coverage in Virginia
Harpoon Capital provides DSCR coverage across Virginia metros including Virginia Beach, Richmond, and Norfolk. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Harpoon Capital program terms apply uniformly across Virginia 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 |
| Virginia property tax | 0.9% |
| Virginia state income tax | 5.75% |
Harpoon Capital strengths in Virginia
- 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 Virginia coverage. Harpoon Capital is based in an undisclosed location and operates in states not publicly disclosed.
Virginia Beach is the top investor market in Virginia and is generally within Harpoon Capital states not publicly disclosed footprint. Virginia Beach property tax follows the Virginia state rate of 0.9 percent. Harpoon Capital typically underwrites Virginia Beach acquisitions at standard rate sheets.
Yes. Richmond ranks among the larger Virginia investor metros and sees consistent DSCR loan volume from Harpoon Capital. Submarket variation within Richmond matters for property selection.
Harpoon Capital applies the same rate sheet across Virginia metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Virginia Beach, Richmond, and Norfolk 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.
Virginia steady DSCR. Military presence supports demand (Norfolk, JBSA). Harpoon Capital follows standard business-purpose loan structures.
Harpoon Capital funds rental DSCR in Virginia.
Virginia 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 Virginia 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.