Having trouble getting a loan on property we already own

[Gina Watkins]

Please help. We have owned property for over a year. It is on 2 lots. 1 lot has 2 small houses, the other has a duplex. So, 4 units total. We have been making a good income for what we paid. It's about $2000/month after management fee taken out. We paid $140k. We are trying to get a loan on the property and it has appraised for about $+180k recently. 

Basically, I need to know if there is a difference in qualifying for a business loan for the property and qualifying for a "refinance" type loan. We are in California.

Thanks for any advice.