We have land appraised at 3,300,000. We took out a loan this week for 1,650,000 against the land. What is the journal entry to set up the asset and liability on the books/

If this land is being placed into business use, then the Asset for Land would be a debit for the value of the land, there would be a credit for the value of the loan debt and the remaining balance would be a credit to the equity of the business.