Harpoon Capital for Wisconsin 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.
Wisconsin context
Wisconsin strong duplex and multi-unit DSCR. Property tax burden meaningful.
How Harpoon Capital positions in Wisconsin
Within Wisconsin, 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 Wisconsin create demand for Harpoon Capital programs in Milwaukee and Madison particularly.
City-level coverage in Wisconsin
Harpoon Capital provides DSCR coverage across Wisconsin metros including Milwaukee, Madison, and Green Bay. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Harpoon Capital program terms apply uniformly across Wisconsin 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 |
| Wisconsin property tax | 2.1% |
| Wisconsin state income tax | 7.65% |
Harpoon Capital strengths in Wisconsin
- 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 Wisconsin coverage. Harpoon Capital is based in an undisclosed location and operates in states not publicly disclosed.
Milwaukee is the top investor market in Wisconsin and is generally within Harpoon Capital states not publicly disclosed footprint. Milwaukee property tax follows the Wisconsin state rate of 2.1 percent. Harpoon Capital typically underwrites Milwaukee acquisitions at standard rate sheets.
Yes. Madison ranks among the larger Wisconsin investor metros and sees consistent DSCR loan volume from Harpoon Capital. Submarket variation within Madison matters for property selection.
Harpoon Capital applies the same rate sheet across Wisconsin metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Milwaukee, Madison, and Green Bay 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.
Wisconsin strong duplex and multi-unit DSCR. Property tax burden meaningful. Harpoon Capital follows standard business-purpose loan structures.
Harpoon Capital funds rental DSCR in Wisconsin.
Wisconsin allows standard DSCR prepay structures; Harpoon Capital typically uses 3-5 year step down.
Harpoon Capital typical close: Not publicly published.
Bottom line
Wisconsin 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.