The choice between maintaining liquidity versus reducing debt will largely depend on your priorities and future investment plans.As for subdividing or CPRing the property, there are several advantages.

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Given your strong net worth and experience, investors might be interested in a short-term investment with a clear exit strategy.Home Equity Line of Credit (HELOC): If you have significant equity in your personal residence or other properties, a HELOC can provide access to funds without selling any assets.Securities-Backed Line of Credit (SBLOC): If you have an investment portfolio, you could borrow against the value of your securities without liquidating them.Seller Financing: Negotiating with the seller to finance part of the purchase price can reduce the immediate cash requirement.

But for a RE journey you need liquidity. 

However, I imagine you'll spend some money on an attorney and I don't think you'll get much out of it, it sounds like the project is not in a place to liquidate and is in capital preservation mode at this point. 

So, if I was the tenant I would be suing you for liquidated damages because you very well may be costing them money and causing them harm.

Borrowers need to have 9 Months' P&I worth of liquidity (cash / stocks / bonds / crypto / etc), and 100% net worth relative to the loan amount.

Having multiple options ensures liquidity and allows for quick execution when opportunities arise.8.

However, I was told that wasn't a problem and that I could use a sponsor who does have the real estate schedule, net worth, and liquidity to sign off on the commercial loan and oversee certain operations on the deal.

This is common among investors who want to act quickly and unlock liquidity from a property after closing.Cash-Out Refinancing & Seasoning Periods: Non-QM programs typically offer more lenient or even zero seasoning periods, meaning you can refinance or pull out cash shortly after buying or rehabbing the property.