Nilufer O. DeScherer

Nilufer focuses on commercial real estate transactions and mortgage lending in New York and New Jersey. She represents individual, corporate and public utility clients in acquisitions, sales and financing, with particular experience involving multifamily, hospitality, corporate headquarters, automobile dealership and industrial properties. She also acts as lender’s counsel to regional banks and private lenders in financing transactions.

Her approach combines practical advice with attention to the business objectives behind each transaction. Nilufer works to make complex legal issues understandable to clients and to negotiate terms that advance their goals without losing sight of the closing. Her practice spans both the property and lending sides of commercial real estate, giving her a perspective on the issues that arise as transactions move from negotiation to completion.

• Acquisition and financing of a 170-unit multi-family residential building in Bergen County, New Jersey.
• Acquisition of a 70,000 square foot building in New Jersey; representation in the conversion to television studio facility and production studios for an international media corporation, including corporate restructuring, lease termination negotiations, real estate tax appeals and construction oversight.
• Sale of a 14-acre tract of land by a public water utility for conversion to public park purposes, including step transfer through private land trust and associated reservation of easement agreements; included negotiation with two municipalities, the New Jersey Department of Environmental Protection and coordination of public Green Acres and New Jersey Environmental Infrastructure Trust funding.

• $40 million Freddie Mac financing of a multi-family residential building in Bergen County, New Jersey.
• $23 million financing for a multi-family residential building in Essex County, New Jersey.
• Acquisition, development and financing of a partially constructed Walgreen’s in Bronx, New York.
• $16 million financing of client’s inventory of apartment buildings in New York City.
• Green Acres approval of diversion of encumbered parkland in Bergen County, including subsequent public bid sale of unencumbered parcel.
• Sewer Assessment Commission attorney for a local assessment sanitary sewer project in Bergen County.
• Obtained site plan approval for construction of a new 10,000 square foot mixed use commercial building.
• Financing for non-profit school in New Jersey (Bergen County), including modification of corporate governance documents.
• Counsel to non-profit school.
• New Jersey Economic Development Authority financing for expansion of a non-profit school. 

• University of Miami School of Law, JD
• Vassar College, BA

• Florida
• New Jersey
• New York

• Hudson-Bergen Inn of Transactional Counsel
• Bergen County Bar Association, Real Estate and Land Use Committees
• New Jersey Bar Association, Real Estate Section
• Woodcliff Lake Planning Board (2018-present)
• Past President, Women Lawyers in Bergen
• Bergen LEADS Class of 2014
• Community Service Committee for the Volunteer Center of Bergen County’s Alumni Bergen Leads (ABL)
• Former Chair, Vassar Alumni Admissions Interview Program, Northern New Jersey

• “Commercial Real Estate Transactions: From Handshake to Closing,” Hudson-Bergen Inn of Transactional Counsel (February 2016)