Seller financing structure?

[Michael Willis]

Hi all, I am attempting a 1031. The owner wants 3m and I’m offering 2m with up to the full proceeds of my sale (aprox 750k) as down payment. Owner financing for 1.25m. What’s a good structure for the financing to meet the seller in the middle at 2.5m? I’m thinking 5 yr interest only at 5%? My pitch is that if it’s worth only 2m today but with the interest over X period of time I’m meeting them in the middle, defraying/postponing their taxes all the while acquiring the property at the right price is a win win for all....