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If you think the market will move in your favour, offering collateral means you avoid selling at a price you think is suboptimal.

Not getting liquidated at a loss.

Say you’ve borrowed money to buy a billion dollars worth of BigCorp, and BigCorp has some bad results. Oops, suddenly your share of BigCorp is worth 800m, and your lenders want more collateral. The next day BigCorp releases [whatever amazing thing], and its stock doubles. You should probably have provided the collateral.

Are these things full recourse? Because while a doubling sounds quite nice, you would need to earn 25% from the current state of 800M to break even on that additional collateral of 200M. Sounds strictly worse than just liquidating the original loan to achieve net zero and then doing a different loan with your 200M of extra assets.

If you can liquidate 800M to rid yourself of a 1B loan then it seems fairly obvious to do it?

You're liquidating the 800M and still owe your broker 200M, it's risk avoidance not a church full of forgiveness.

Non recourse loans are a thing, including the majority of mortgages.