What to do with cash out refi lump sum?

[Andrew T.]

I’m planning a cash out refi on my current investment property where I’ll get a lump sum of 200k at the beginning of April.

I have another property closing March 2022. Amount due: 250k.

I will likely use this cash to then pay down the 250k as an owner occupied.

What are the best strategies to maximize productivity of the 200k for the 23 months?