Caramel Frosting

1 c butter, divided
2 oz cream cheese, softened
3 lbs powdered sugar
2 t vanilla
8-10 T water
1/2 cup heavy cream
1/2 c brown sugar
1/4 t sea salt

Brown 1/2 cup of the butter and let cool completely. It should look like this.

In the mean time, place cream and sea salt in a small sauce pan. Bring to a near simmer and add brown sugar. Bring to a low boil stirring nearly constantly until thickened, about 8-10 minutes. Remove from heat and cool completely.

In your stand mixer, combine both butters and cream cheese and beat until smooth. Add powdered sugar slowly. Continue beating and pour in the caramel mixture  and vanilla slowly. Add water 1 T at a time until you reach desired consistency.