NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA assigns preliminary ratings to Crunch Funding, LLC (the Issuer), Series 2026-1 (Crunch 2026-1), Class A-1 VFN, Class A-2-I, and Class A-2-II notes, a whole business securitization (WBS). Crunch 2026-1 represents the Issuer’s inaugural securitization in which Crunch, LLC (Crunch Fitness, the Manager, or the Company), a franchisor and operator of fitness clubs, is contributing substantially all of its securitized revenue-generating assets to the Issuer as collatera