Refinancing for Canadian citizen with Florida property

[Bishoy Girgis]

Hey BP

so im a canadian resident and i own a property in SWFL in cape coral worth about 200k, it is fully paid off so no liens or mortgage or anything.

Im looking to refinance it to pull out my cash and move to another project and just rent this out, I called the bank of america and they told me they could give me 50k or something line of credit with 19% interest secure with my house but thats obviously not what i want at all. I was just wondering if i could go about this a different way or if the person i talked to at the bank didnt understand what i wanted.  She also told me i cant refi my property as im not a US citizen which i dont know is true or not but anywho let me know what you guys

Thanks