REFINANCING A PROPERTY UNDER 65, OOO DOLLAR VALUE????

[Wendy Gomez]

Hi Bigger pockets friends, I'm looking to refinance a property that is valued at 65k. This is an estimation since an appraisal was not done. I would like to pull out 50k to reinvest but my mortgage banker says they wont loan on it because the value is too low. I've already reached out to all the banks in the area, of Florida since its where the property is located as well as all the small community banks in NY since its where I reside. No one can assist me any feed back would be extremely helpful.  Has anyone taken on this process before??