Refi and taxes help..(Ohio)

I bought a house w my business partner in March of 2020 and finished it for about 50k all in.

We just did a refinance on it and it was appraised for 105k so we are finanlizing the closing on Monday for the refi money...

However I just received a cash offer for 163k and want to sell it...

What would happen with the refi money? Also how much would we be taxed?