Berkeley Place
Punisher on a team isn't new and he isn't fond of the idea either. But him being this team makes sense.

When Was Frank Castle on a team? I know he’s done missions for SHIELD and he’s worked with folks like Microchip…

As for this comic in particular, one of my big gripes is that Daniel Way did a shit job on Deadpool for the past 4 years and now he’s probably going to ruin a bunch of characters who are really cool.  I don’t care what he does with Red Hulk, though.