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DURHAM, N.C. — KeyBank Real Estate Capital has arranged a $26.5 million loan for Whetstone Apartments, a 204-unit multifamily community located at 501 Willard St. in downtown Durham. The undisclosed borrower is using the loan to refinance existing debt for the property, which was built in 2014. Chris Black of KeyBank arranged the seven-year loan with 12 months of interest-only payments and a 30-year amortization schedule.