Harpoon Capital for West 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.
West Virginia context
West Virginia deep cash flow market. Low entry prices.
How Harpoon Capital positions in West Virginia
Within West 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 high aggregate DSCR economics of West Virginia create demand for Harpoon Capital programs in Charleston and Morgantown particularly.
City-level coverage in West Virginia
Harpoon Capital provides DSCR coverage across West Virginia metros including Charleston, Morgantown, and Huntington. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Harpoon Capital program terms apply uniformly across West 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 |
| West Virginia property tax | 0.6% |
| West Virginia state income tax | 5.12% |
Harpoon Capital strengths in West 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 West Virginia coverage. Harpoon Capital is based in an undisclosed location and operates in states not publicly disclosed.
Charleston is the top investor market in West Virginia and is generally within Harpoon Capital states not publicly disclosed footprint. Charleston property tax follows the West Virginia state rate of 0.6 percent. Harpoon Capital typically underwrites Charleston acquisitions at standard rate sheets.
Yes. Morgantown ranks among the larger West Virginia investor metros and sees consistent DSCR loan volume from Harpoon Capital. Submarket variation within Morgantown matters for property selection.
Harpoon Capital applies the same rate sheet across West Virginia metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Charleston, Morgantown, and Huntington 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.
West Virginia deep cash flow market. Low entry prices. Harpoon Capital follows standard business-purpose loan structures.
Harpoon Capital funds rental DSCR in West Virginia.
West Virginia allows standard DSCR prepay structures; Harpoon Capital typically uses 3-5 year step down.
Harpoon Capital typical close: Not publicly published.
Bottom line
West Virginia investors considering Harpoon Capital should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Harpoon Capital.