Need to pull out equity to fund the next deal

[Olu Efunwoye]

I owe a mortgage bal of $126k on a property worth $375k and have about 8 years to pay it off; rate is 3.37%.

I need to tap that equity to purchase other properties. The options I'm considering are:

1. 1. HELOC at 75% LTV will give me access to $155k, but the rate is around 8-10% and is subject to going higher, considering the current instability with inflation. Pro: I will have access to the fund. Con: The rate on HELOC is more than double the first mortgage, and I worry about the rising rate.
2. 2. Home equity loan: pretty much the same as #1 but not a revolving credit.
3. 3. Cash-out refi at 75% LTV. The rate could be around 6.75 - 7.5% or so. I will be giving up my low-rate first mortgage.
4. 4. Outright sale: my least favorite option. I know I could do 1031 into the next deal, but what if I could keep the property and still take out the cash?

My credit score is 755+, so that wouldn't be an issue with financing. I am getting my ducks in a row to finance my next deal, which has to be a commercial RE (multi-family of 5+ and above). Which option would you do? I am also open to other options outside of the ones listed above.