Pay off a debt or invest further - Need advice!

[Hannah Joy]

Hi there, my brain is stuck on this. I own a sf that has positive cash flow. I took a hard money loan @6% / 4 years (payment is $700) of 30k to renovate the detached studio. It is rented for $1200 per month. I may let a business go and sell off the inventory which should result in around 25k profit. Should I pay off the hard money loan, or use that 25k as a down payment on another investment? 

Can someone help with the pros and cons here? Thanks so much!