Trouble obtaining Commercial ELOC against Triplex

[Ka'Ron Purnell]

I need some advice or assistance obtaining an ELOC on one of my investment properties. The property is a triplex and was purchased through my company which is a C-corp. The current mortgage on the property is a commercial mortgage through Navy Federal. 

My goal is to open a credit line of at least $50k. I want to use the line to complete some renovations on two of the vacant units in order to re-stabalize the property and get it 100% occupied again. Ultimately, I am trying to avoid opening the line in my personal name or as a HELOC in order to maintain the corporate separation from personal.

The property currently grosses $750 per month in rent with 1/3 units occupied. At 100% occupancy, the property will gross app. $2400-$2600 per month at fair market rent for the area. The property is located in Newport News, VA.

I've been reviewing past posts on BP and I have already reached out to and been unsuccessful with some of the recommended lenders mentioned in the forum threads such as Wells Fargo, TD Bank, and Navy Federal.

Wells Fargo- Representative said I am not eligible because the ELOC is only available for 5+ units.

TD Bank- The property address may be outside the investment footprint. The application and documents have to be filled out in person. I'm currently, not able to comply due to being stationed in Georgia at the moment.

Navy Federal-Reaching someone in the business department to actually answer the question is a challenge in itself.

Any advice, resources, or recommendations would be greatly appreciated.