# EDGAR Filing Document

**Accession Number:** 0002078031
**File Stem:** 0001140361-25-026722
**Filing Date:** 2025-7
**Character Count:** 14563
**Document Hash:** 8dbfd8e0ce03df3bc237e63cb093765a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-026722.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001140361-25-026722

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250722

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Debt Securities

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BASEPOINT MCA SECURITIZATION II LLC
- **CENTRAL INDEX KEY:** 0002078031

**ORGANIZATION NAME:**
- **EIN:** 392792266
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07861
- **FILM NUMBER:** 251140162

**BUSINESS ADDRESS:**
- **STREET 1:** 75 ROCKEFELLER PLAZA, SUITE 16C
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (914) 614-5600

**MAIL ADDRESS:**
- **STREET 1:** 75 ROCKEFELLER PLAZA, SUITE 16C
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CRA Funding 1, LLC
- **CENTRAL INDEX KEY:** 0001736923

**ORGANIZATION NAME:**
- **EIN:** 301010745
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BASEPOINT ADMINISTRATIVE, LLC
- **STREET 2:** 75 ROCKEFELLER PLAZA 20TH FL, STE 2000B
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 914-614-5600

**MAIL ADDRESS:**
- **STREET 1:** C/O BASEPOINT ADMINISTRATIVE, LLC
- **STREET 2:** 75 ROCKEFELLER PLAZA 20TH FL, STE 2000B
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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#### <br>

#### FORM ABS-15G <br>

#### ASSET-BACKED SECURITIZER

#### REPORT PURSUANT TO SECTION 15G OF

#### THE SECURITIES EXCHANGE ACT OF 1934

#### Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:
☐ **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period <u>________</u>to <u>________</u>**

Date of Report (Date of earliest event reported)

Commission File Number of securitizer:

Central Index Key Number of securitizer:

#### Name and telephone number, including area code, of the person to contact in connection with this filing

![](image0.jpg)

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)** 

Central Index Key Number of securitizer:

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## BASEPOINT MCA SECURITIZATION II LLC
(Exact name of issuing entity as specified in its charter)

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Central Index Key Number of issuing entity (if applicable): 0002078031 <br>

#### Central Index Key Number of underwriter (if applicable): Not applicable

#### KARRIE TRUGLIA, MANAGING DIRECTOR, (212) 220-2660

#### Name and telephone number, including area code, of the person to contact in connection with this filing

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| | |
|:---|:---|
| **Item 2.01** | **Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer** |

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Attached as Exhibit 99.1 hereto is a Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 9, 2025, obtained by the issuer, with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP.

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: July 22, 2025 |  |  |
|  | BASEPOINT MCA SECURITIZATION II, LLC | BASEPOINT MCA SECURITIZATION II, LLC |
|  | (Issuing Entity) | (Issuing Entity) |
|  | By: | <u>/s/ *Karrie Truglia*</u> |
|  | Name: Karrie Truglia | Name: Karrie Truglia |
|  | Title: Managing Director | Title: Managing Director |

---

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#### EXHIBIT INDEX

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| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| [99.1](ef20052388_ex99-1.htm) | Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 9, 2025 |

---

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## Exhibit 99.1

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#### Exhibit 99.1<br>

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| | |
|:---|:---|
| ![](image00002.jpg) | **Deloitte & Touche LLP**<br> Suite 301<br> Harborside Plaza 10<br> Jersey City, NJ 07311<br> USA<br>Tel: +1 212 937 8200<br> www.deloitte.com<br>|

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BasePoint Capital LLC CRA Funding 1, LLC 75 Rockefeller Plaza New York, New York 10019

#### Independent Accountants' Report

#### on Applying Agreed-Upon Procedures

We have performed the procedures described below, related to certain information with respect to a portfolio of merchant cash advance receivables in connection with the proposed offering of BasePoint MCA Securitization II LLC, Asset-Backed Notes, Series 2025-1. BasePoint Capital LLC and CRA Funding 1, LLC (collectively, the "Company") are responsible for the information provided to us, including the information set forth in the Statistical Data File (as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Statistical Data File. Additionally, Cantor Fitzgerald & Co. ("Cantor" and, together with the Company, the "Specified Parties") has agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

#### Agreed-Upon Procedures

On February 14, 2025, representatives of Cantor, on behalf of the Company, provided us with a merchant cash advance receivable listing (the "Initial Receivable Listing" with respect to 45,411 merchant cash advance receivables. At the Company's instruction, we (i) selected the 100 merchant cash advance receivables with the highest outstanding receivable balance, as set forth on the Initial Receivable Listing (the "Initial Top 100 Selected Receivables") and (ii) randomly selected an additional 100 merchant cash advance receivables (the "Initial 100 Random Selected Receivables"). The Initial Top 100 Selected Receivables and Initial 100 Random Selected Receivables are collectively and hereinafter referred to as the "Initial Selected Receivables."

Additionally, on March 24, 2025, at the instruction of the Company, we accessed a virtual data room set up by the Company (<u>https://basepointcapital.egnyte.com/</u>) ("the Virtual Data Room") and obtained a merchant cash advance receivable listing (the "Subsequent Receivable Listing") with respect to 21,964 merchant cash advance receivables, including 68 of the Initial Top 100 Selected Receivables and 43 of the Initial 100 Random Selected Receivables. At the Company's instruction, we (i) selected the 32 merchant cash advance receivables with the highest outstanding receivable balance that were not Initial Top 100 Selected Receivables, as set forth on the Subsequent Receivable Listing (the "Subsequent Top 100 Selected Receivables") and (ii) randomly selected an additional 57 merchant cash advance receivables that were not Initial 100 Random Selected Receivables (the "Subsequent Random Selected Receivables"). The remaining 68 Initial Top 100 Selected Receivables, remaining 57 Initial 100 Random Selected Receivables, 32 Subsequent Top 100 Selected Receivables and Subsequent Random Selected Receivables are collectively and hereinafter referred to as the "Sample Receivables."

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Further, on March 27, 2025, at the instruction of the Company, we accessed the Virtual Data Room and obtained a computer-generated receivable data file and related record layout containing data, as represented to us by the Company, as of February 28, 2025, with respect to each of the 200 Sample Receivables (the "Statistical Data File").

At your instruction, we performed certain comparisons and recomputations for each of the Sample Receivables relating to the merchant cash advance characteristics (the "Characteristics") set forth on the Statistical Data File and indicated below.

#### Characteristics
1. Receivable ID (for informational purpose only) 9. FICO Score

2. Merchant name 10. Industry

3. Merchant state 11. Merchant year founded

4. Payment Frequency 12. Merchant years in business

5. Outstanding receivable balance 13. Receivables yield at origination

6. Factor rate 14. Performance ratio

7. Delinquency status 15. Internal credit grade

8. Original expected term

We compared Characteristics 2. through. 4. to the corresponding information set forth on or derived from the "Master Revenue Purchase Agreement;" and Characteristics 5. through 15. to a query (the "Servicing System Query"), provided to us on April 24, 2025 by the Company, from the Company's servicing system. Further, with respect to Characteristic 12., differences of 0.00001 years are deemed to be "in agreement."

The receivable documents described above, including any information obtained from the indicated systems, and any other related documents used in support of the Characteristics were provided to us by representatives of the Company and are collectively referred to hereinafter as the "Receivable Documents." We were not requested to perform, and we did not perform, any procedures with respect to the preparation or verification of any of the information set forth on the Receivable Documents and we make no representations concerning the accuracy or completeness of any of the information contained therein. In certain instances, our procedures were performed using data imaged facsimiles or photocopies of the Receivable Documents. In addition, we make no representations as to whether the Receivable Documents are comprehensive or valid instruments or reflect the current prevailing terms with respect to the corresponding Sample Receivables.

#### Agreed-Upon Procedures' Findings

The results of the foregoing procedures indicated that the Characteristics set forth on the Statistical Data File were found to be in agreement with the above-mentioned Receivable Documents.

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We make no representations as to the (i) actual characteristics or existence of the underlying documents or data comprising the merchant cash advance receivables underlying the Statistical Data File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) existence or ownership of the receivables or (iii) reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events and circumstances that occur subsequent to the date of this report.

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We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the Statistical Data File. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedure engagements are less restrictive than independence requirements for audit and other attestation services.

None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the information and use of the Specified Parties identified above and is not intended to be and should not be used by anyone other than these Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLP

July 9, 2025

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