Diverse Funding Associates, a debt buyer and collection agency, last week spent $2.55 million to purchase a 25,000-square foot building in Amherst, N.Y., and plans to move its operation there.
The building has one tenant, but has nearly 16,000 square feet of vacant office space, according to a published report. The building, along with a adjacent wooded lot, was purchased from Uniland Development Co.
The single story building was built in 1989 and “features a rounded semi-circular entry lobby with two wings, plus onsite parking, outdoor seating areas and green space.”
Diverse Funding has been in operation since 2005 and its partners have a combined amount of more than seven decades of experience, according to the company’s website. The company is currently based in Cheektowaga, N.Y., but will re-locate to Amherst.
The company is a member of RMA International and is listed as a certified debt buyer. On RMA’s website, the company is described as purchasing
a broad array of consumer and commercial nonperforming accounts. As a national buyer, Diverse is fully licensed, manages its own collection, in addition to select third-party relationships. Diverse is active in credit cards, autos, DDAs, consumer loans, and alternative consumer products. Through its wholly owned subsidiary C&E, Diverse has a specific focus on medical receivables, working nationally with hospitals and large provider groups. Diverse is a member of DBA, ACA, and HFMA.
