Opinion! To refi, high or refi low?

[Bradley Hendrix]

Looking for everyone’s opinion. I’m getting ready to refinance an apartment building, I just completely renovated, out of the construction loan that’s currently on it. If I refinance, let’s say for 1 million, I would cash out about $225,000 and my cash flow would be about $4500 a month. 
Next option would be refinance lower say $850,000 cash out about $75,000 and cash flow $5500 per month.