Key Takeaways
- • Harpoon Capital, an Austin, Texas-based mortgage broker focused exclusively on DSCR loans, is now licensed to originate business-purpose rental property loans in Idaho and Oregon, bringing its footprint to 44 states plus Washington, D.C.
- • Since launching in March 2026, the firm has funded 82 loans totaling more than $36 million, including 77 DSCR loans on long-term rentals, short-term rentals and small multifamily properties.
- • The DSCR program offers 30-year fixed-rate loans with interest-only options, purchase financing up to 85% LTV, cash-out refinances up to 80% LTV on select programs, and loan sizes from $50,000 to $4,000,000 on 1-9 unit properties, condos and mixed-use.
- • Harpoon Capital works through a network of wholesale lenders to match each investor's scenario to a suitable program, according to the company.
Summary
Harpoon Capital (NMLS #2815329) announced on November 9, 2026, via PRWeb that it is now licensed to originate business-purpose rental property loans in Idaho and Oregon. The expansion extends the Austin, Texas-based mortgage broker's lending footprint to 44 states plus Washington, D.C. The company, which is focused exclusively on business-purpose DSCR loans and related financing for real estate investors, began operations in March 2026. Since then, it has funded 82 loans totaling more than $36 million, including 77 DSCR loans on long-term rentals, short-term rentals and small multifamily properties.
Robin Simon, President of Harpoon Capital, cited the active investor markets in Boise, Coeur d'Alene, Bend and the Oregon Coast as reasons for the expansion. Simon said a DSCR loan qualifies a property on the income it generates rather than on the borrower's personal income, tax returns or debt-to-income ratio, and that this is the focus of the firm's business.
According to the company, its DSCR program includes 30-year fixed-rate loans with interest-only options; purchase financing up to 85% LTV and cash-out refinances up to 80% LTV on select programs; short-term rental financing that can qualify on 100% of STR projections or trailing 12-month income on select programs; and no minimum DSCR on select programs. Loans range from $50,000 to $4,000,000, and the firm offers LLC-friendly closings and options for first-time investors. Harpoon Capital also publishes a free online guide, The DSCR Loans Guide, adapted from Simon's book, "The Book on DSCR Loans."
The release notes that the loans are business-purpose only, are not available for owner-occupied properties, and are subject to credit approval and program terms. It is not a commitment to lend.
Robin Simon, President of Harpoon Capital, cited the active investor markets in Boise, Coeur d'Alene, Bend and the Oregon Coast as reasons for the expansion. Simon said a DSCR loan qualifies a property on the income it generates rather than on the borrower's personal income, tax returns or debt-to-income ratio, and that this is the focus of the firm's business.
According to the company, its DSCR program includes 30-year fixed-rate loans with interest-only options; purchase financing up to 85% LTV and cash-out refinances up to 80% LTV on select programs; short-term rental financing that can qualify on 100% of STR projections or trailing 12-month income on select programs; and no minimum DSCR on select programs. Loans range from $50,000 to $4,000,000, and the firm offers LLC-friendly closings and options for first-time investors. Harpoon Capital also publishes a free online guide, The DSCR Loans Guide, adapted from Simon's book, "The Book on DSCR Loans."
The release notes that the loans are business-purpose only, are not available for owner-occupied properties, and are subject to credit approval and program terms. It is not a commitment to lend.
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