Harpoon Capital for Washington 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.
Washington context
Washington no state income tax (helps DSCR cash flow). Seattle tenant protections. Spokane more affordable.
How Harpoon Capital positions in Washington
For Washington specifically, Harpoon Capital fits investors who match the private money approach. The medium cash flow profile of Washington aggregate makes it workable for Harpoon Capital.
City-level coverage in Washington
Harpoon Capital provides DSCR coverage across Washington metros including Seattle, Spokane, and Tacoma. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Harpoon Capital program terms apply uniformly across Washington 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 |
| Washington property tax | 1% |
| Washington state income tax | None |
Harpoon Capital strengths in Washington
- 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 Washington coverage. Harpoon Capital is based in an undisclosed location and operates in states not publicly disclosed.
Seattle is the top investor market in Washington and is generally within Harpoon Capital states not publicly disclosed footprint. Seattle property tax follows the Washington state rate of 1 percent. Harpoon Capital typically underwrites Seattle acquisitions at standard rate sheets.
Yes. Spokane ranks among the larger Washington investor metros and sees consistent DSCR loan volume from Harpoon Capital. Submarket variation within Spokane matters for property selection.
Harpoon Capital applies the same rate sheet across Washington metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Seattle, Spokane, and Tacoma 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.
Washington no state income tax (helps DSCR cash flow). Seattle tenant protections. Spokane more affordable. Harpoon Capital follows standard business-purpose loan structures.
Harpoon Capital funds rental DSCR in Washington.
Washington allows standard DSCR prepay structures; Harpoon Capital typically uses 3-5 year step down.
Harpoon Capital typical close: Not publicly published.
Bottom line
For Washington DSCR borrowers, Harpoon Capital is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Harpoon Capital.