Creative Financing Option Ideas Please!

[Raya Peterson]

I would love your input on creative financing options!

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
$4.1 Million
We 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 not looking for an official "send to underwriting" type of thing, 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!