Creative Financing solutions needed!

[Raya Peterson]

Creative solutions needed!  So I wanted to run a scenario by you all to see if you knew of any realistic solutions in this case. This one might require some creativity, so please let me know if you have options that I haven't thought of. First the facts:

Borrowers / Buyers:
Buyer 1: 740+ credit score, Stable long term employment, $75k income per year, foreclosure in 2009 (7 year mark is January 2016)
Buyer 2: 740+ credit score, Self Employed but will be 100% on W2 in 2015, $75k+ income per year

Seller:
Flexible, Motivated, Owner Occupied, has equity of about $2 million

The Property:
Duplex
Newport Beach, CA
Asking Price $4.1 Million
Buyers would owner occupy
Income property that would cashflow

Finances:
Seller is willing to carry 25% as a balloon payment in 10 years
Buyers are looking to finance 75%
Buyers could put as much as $200 k down but we would rather figure out a way to use the seller carry 25% as a down payment of sorts
Seller has a loan of 2.3 million at 3.3% that is assumable
No RE agents - attorneys only

Given these circumstances, do you think that we have any options for financing, creative or otherwise? I am looking for realistic feedback as to if there is any way to structure this deal so that we would be able to purchase this property. I have a meeting scheduled with this seller tonight and I would like to walk in with some options (if I have any.)

Thank you for your expertise!