Looking for Advice in Creative Financing

[Matt Poss]

My brothers and I bought a commercial property a couple of years ago. We got it for a song and cashed out extra money at closing to renovate the property and rent it out. It holds tanning salon, a hair salon, a marketing office, and a gym. We have a 20 year fixed mortgage for 200k and it appraises at 750k. Lately we've had a perfect storm of trouble and are having to do 30k in fixes to the property. I went back to the bank and applied to refinance the property. Long story short, I thought it was a no-brainer to refi this property, given our equity position, but we've been turned down by every bank in our area. New regulations require more guarantee from borrowers, and my brothers and I don't have the capital to guarantee the loan. We don't have rich relatives or friends willing to co-sign and we're now looking into creative financing. I'm looking for advice here. Ive never been down this road before. Thank you! Matt