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Abstract M dwarf flares observed by the Transiting Exoplanet Survey Satellite (TESS) sometimes exhibit apeak-bumplight-curve morphology, characterized by a secondary, gradual peak well after the main, impulsive peak. A similarlate phaseis frequently detected in solar flares observed in the extreme ultraviolet from longer hot coronal loops distinct from the impulsive flare structures. White-light emission has also been observed in off-limb solar flare loops. Here, we perform a suite of one-dimensional hydrodynamic loop simulations for M dwarf flares inspired by these solar examples. Our results suggest that coronal plasma condensation following impulsive flare heating can yield high electron number density in the loop, allowing it to contribute significantly to the optical light curves via free-bound and free–free emission mechanisms. Our simulation results qualitatively agree with TESS observations: the longer evolutionary timescale of coronal loops produces a distinct, secondary emission peak; its intensity increases with the injected flare energy. We argue that coronal plasma condensation is a possible mechanism for the TESS late-phase flares.