Non-conventional loans on debt free property?

[Cheryl Cunio]

My company recently purchased a 2+ acre residential property in Oregon with a 4 bd/2 ba home on it and paid off the mortgage that it had as part of the acquisition. What we are looking for now is a way to get some cash out of the property to rehab it and keep it for a rental. Traditional/conventional funding options (HELOC or HEL) are not desirable as my goal is to avoid my personal credit or income being used. The property's rental income and the fact that it is unencumbered and worth about $250k in its current condition are what I would like to use to access funds. I am open to creative ideas as well as secured loans (giving a lender 1st position), 3-5 year balloons, or portfolio lending as I also own 2 other properties that have equity...or any other lending options I am not currently aware of. Any and all advice or referrals are appreciated.