Creative financing - alternatives to mortgage

[Greg Rusianoff]

I recently tried to take a mortgage out on a condo that I own free and clear. The bank did not allow it because 28 of 40 units in the condo association were rented out and not owner occupied (I rent mine out as well). So now I'm in a dilemma. I want to take money out of this property, but I don't want to sell the property. Does anyone know any creative ways to get a loan backed by this property?

It's a 2Bed/2Br, 1000sf condo, worth about 80k in my estimation. I'd like to take 50k out.