Not sure what the best category is for this kind of question so I'm posting it here. My wife and I bought a lot about 4 months ago and have been working with the builder to design our dream home. We own the ground already and were about to sign the construction loan and contract with the builder 2 weeks ago. Literally on the day I could have signed, I walked into a company meeting thinking that everything was normal. I walked out knowing that it wasn't, and 2 days later I registered my own new LLC and started on the path of having my own company with 7-9 other people from my previous company coming with me. My wife and I talked that evening and decided we needed to inform the loan people that my employment status had changed and that we were starting a new company. We of course also wanted to push temporary pause on making that kind of commitment with the suddenness of the change and the uncertainty associated with it.

Fast forward a couple weeks and I think the new company's prospects are very good. We are going to be signing some contracts in the next few weeks and then in about 3 months there will most likely be a bunch more good contracts coming in. In the meantime, all of the people that will be coming with me (and myself) are still working on contracts for the old company to finish things out so I'm not having to front anybody's salary. It is looking like I personally won't even have to miss many paychecks, if at all, the way things are going. My wife and I are totally comfortable re-starting the process and moving forward with the build because the new company prospects are bright and because we have quite a bit in savings, too.

The problem of course is that any construction loan companies and underwriters are going to see that I just made a career change and that I've started a new company that hasn't brought in a single cent of revenue yet. I'd be totally happy to open up all my books and show every inch of our financials to someone willing to take the chance but I'm not sure that it will matter. So my question to you, CB, is what if any avenues are there for us to pursue? Are we just screwed for at least a year from now when the new company has a year of operations under its belt or is there anything we can do? If the numbers involved here (lot value, construction price, our savings, etc) make a material difference to this question, I'm happy to BM with anyone that has potential ideas to explore.