Preheat oven to 350°. Spray a 12 cup Bundt pan with baking spray with flour. In a large mixing bowl, beat melted butter, 1 cup brown sugar, and granulated sugar with a mixer at medium speed until well combined. Add eggs, one at a time, beating well after each addition.
Beat in vanilla.
In a medium bowl, whisk together flour, baking powder, apple pie spice, and salt. With mixer on lowest speed, gradually add flour mixture to butter mixture beating until well combined.
In a separate bowl combine chopped Granny Smith apples, cinnamon, and remaining ¼ up of light brown sugar.
Spoon one-third of the batter into prepared Bundt cake pan.
Top with half of the apple mixture. Repeat layers once.
Top with remaining one-third of batter.
Bake until cake tester or wooden pick inserted near center comes out clean, 50 minutes to one hour. Let cool in pan for 10 minutes.
Remove from pan and let cool completely on wire rack.
Top with Cream Cheese Frosting.
Drizzle with caramel topping and sprinkle with chopped walnuts if desired.