My guess would be that you need a coolant charge. But I wouldn't expect you to need a coolant charge if you didn't have a coolant leak. Is there a chance your buddy will buy it back from you? Is this just a buddy or a good friend? I have suffered through 2 kegerators with coolant leaks (one my own fault!
viewtopic.php?f=5&t=30565) and both were unrepairable. I have since move onto a chest freezer and temperature controller. I would try very quickly to get your $$ back from your buddy!!